Early Market News: Marks and Spencer Group Plc (LON:MKS), J Sainsbury plc (LON:SBRY), Tesco PLC (LON:TSCO)

Here is another collection of breaking news stories which may affect companies as trading continues later. The following stocks should see some movement: Marks and Spencer Group Plc (LON:MKS), J Sainsbury plc (LON:SBRY), Tesco PLC (LON:TSCO). Here is a more detailed look at the news that will affect each company when trading continues. Marks and Spencer Group Plc (LON:MKS) Marks and Spencer Group Plc (LON:MKS) has planned to expand its International presence. Marks and Spencer Group Plc (LON:MKS) has decided to boost its core British business and own-brand lines as they has reported a 6.8 per cent rise in half-year net profit. Marc Bolland, the new chief executive of Marks and Spencer Group Plc (LON:MKS) said that the company would initially focus on improving brands within the British business, but it was keen to become an international retailer to reduce its dependency on the domestic economic cycle. J Sainsbury plc (LON:SBRY) J Sainsbury plc (LON:SBRY) has opened a new store in London. The new store will offer a bakery and hot coffee for busy commuters, as well as Taste the Difference convenience foods, fresh fruit and vegetables, newspapers and flowers. During the launch of the new 2,400 sq. ft. outlet, the store manager presented the Central Foundation Boy’s School next door with GBP 500 worth of Active Kids equipment before pupils cut the ribbon. Michael McGregor, the store manager of J Sainsbury plc (LON:SBRY) said that, “We’re delighted to launch our new store by this gesture of goodwill to the school next door. Sainsbury’s is keen to become a part of the community by supporting good causes, and what better than helping out the local school whenever we can? We’re also looking forward to finding out which charity our customers are keen for us to support and will do our best to make a difference to the area.” Tesco PLC (LON:TSCO) Tesco PLC (LON:TSCO) has decided to expand its Asian presence. Tesco PLC (LON:TSCO), one of the largest U.K. retailer, has planned to acquire over 61 stores in Southeast Asia from France's supermarket giant Carrefour. This expansion strategy of Tesco PLC (LON:TSCO) into Asia will boost its market share in the region. Countries included in the deal are Thailand, South Korea, China, Japan, and Malaysia. According to a company statement, Terry Leahy, the CEO of Tesco PLC (LON:TSCO) said that, "It would make sense for us to look at [Southeast Asian] assets." We could possibly see more movement when trading continues for Marks and Spencer Group Plc (LON:MKS), J Sainsbury plc (LON:SBRY) and Tesco PLC (LON:TSCO).
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