Marks and Spencer: Artemis reduces stake below 5% threshold

Artemis Investment Management has reduced its combined voting rights in Marks and Spencer to below the 5% reporting threshold. According to a TR-1 filing with the Financial Conduct Authority (FCA), the combined position fell from 5.058978% to 4.985621%.

The position consists of 4.974947% held directly in shares and an additional 0.010674% via an equity swap that carries no voting rights. This movement reflects a change in portfolio weighting rather than a complete withdrawal from the retailer.

On the operational side, Marks and Spencer has introduced Klarna as a payment option for its online fashion, home, and beauty departments. The service allows customers to pay in three interest-free installments. Additionally, the company plans to open a new supermarket in Clarks Village, Street, scheduled for spring 2027.