Artemis reports 4.99 percent stake in Marks & Spencer stock

Published on 10/20/2026 at 13:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS set a GBp 465 target on October 14, 2026. Marks & Spencer stock costs EUR 5.04 on October 20, 2026 before November 4 results.

Ownership, targets and trading

Artemis reported a 4.99 percent total position on October 16, 2026.
UBS lifted its target to GBp 465 on October 14, 2026.
Marks & Spencer stock traded at EUR 5.04 at 1:01 p.m. CEST at Lang & Schwarz on October 20, 2026.

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Artemis Investment Management reported a 4.99 percent total position in Marks & Spencer on October 16, 2026, keeping ownership and upcoming results in view for Marks & Spencer stock. The filing listed 103,728,751 voting rights, including 4.97 percent held directly and 0.01 percent through a cash-settled equity swap, according to 6ix.

Artemis position reaches 4.99 percent

The disclosure followed a stronger analyst narrative around the retailer's medium-term online margins. On October 14, 2026, UBS lifted its Marks & Spencer target from GBp 425 to GBp 465 and retained a buy rating, as reported by The Market Reporter.

What does the target mean?

UBS expects online margins in Marks & Spencer's fashion, home and beauty division to reach 10.70 percent by fiscal year 2029, compared with 7.50 percent in fiscal year 2025. The same analysis put overall division margins at 12.50 percent against a consensus estimate of 11.40 percent, making execution in the clothing business the key measurable test.

Three events shape the story

On October 8, 2026, Morningstar said Marks & Spencer would report first-half fiscal 2027 results on November 4 and hold a Capital Markets Day on November 10, according to Morningstar. On October 14, 2026, UBS raised its target by GBp 40. On October 16, 2026, Artemis disclosed a 4.99 percent total position.

Two dates matter next

Marks & Spencer's next first-half fiscal 2027 results are scheduled for November 4, 2026, and its Capital Markets Day is scheduled for November 10, 2026, according to Morningstar.

Retail scale provides the base

Marks & Spencer's investor page reports fiscal 2025/26 group sales of GBP 14.20 billion, adjusted profit before tax of GBP 671.40 million, free cash flow from operations of GBP 131.30 million, net funds excluding leases of GBP 338.20 million and adjusted return on capital employed of 12.70 percent. These figures provide the operating baseline for the November updates, with margin delivery now more important than a single target revision. The company operates across clothing and home, food, international operations and its Ocado venture, while its ordinary shares trade on the London Stock Exchange, as identified in a company announcement carried by Financial Times.

Stock awaits the November test

Marks & Spencer stock was trading at EUR 5.04 at Lang & Schwarz on October 20, 2026 at 1:01 p.m. CEST. The next results will show whether the online-margin case can translate into stronger fashion and home performance.

The further course of trading is shown by the continuously updated real-time quote of Marks & Spencer stock.