It’s Quiz-mas! How will you score in Deloitte’s big economics quiz of the year? December 20, 2023 The answers and a brief explanation of the factors at work are at the end of this note. Obviously, our readers won't be cheating....
Former M&S CFO Helen Weir named new chair of National Express September 8, 2022 Former M&S CFO Helen Weir has been named the new Independent Non-Executive Director and Chair Designate of National Express.
Ocado Retail boss to step down as online grocer begins hunt for new CEO July 19, 2022 Ocado Retail has said its CEO Melanie Smith will step down next month, after three years at the helm of the business. Former deputy CEO of the company, Lawrence Hene, will take over on an interim basis while a hunt for a permanent replacement takes place. The supermarket has struggled with waning average basket spending [...]
How Aldi boss intends to see off supermarket rivals and bring discount store within reach of all UK shoppers April 3, 2023 Aldi will not stop the “relentless” roll out of its value supermarkets across the UK, despite attempts by rival supermarkets to scupper its growth, its chief executive has said. Giles Hurley, the head of UK and Ireland operations for the German discounter, told The Telegraph that they are going to bring stores within easy reach [...]
M&S to speed up plans to close 1 in 4 larger clothing stores October 12, 2022 Marks & Spencer will accelerate its plans to slash the number of its larger stores that sell clothing and homeware products. In an update to investors on Wednesday, the supermarket revealed it would shutter more than one in four of its so-called full-line stores within three years rather than five. Plans also include the opening [...]
Marks & Spencer’s top 10 festive favourites: slow-cooked turkey, shortbread snow globes, light-up gin and shapewear to hold it in! January 12, 2023 Marks and Spencer saw a record Christmas trade during the latest festive period, with a record £80m sales alone on 23 December, the last Friday before Christmas. Incoming CEO Stuart Machin can also take comfort in a 7.2 per cent rise in the clothing and home category to £3.6bn. But it was the retailer’s Christmas [...]
Moving markets today: What’s shaping the FTSE 100 this morning January 10, 2024 Today's market highlights: Japan's Nikkei 225 at a 33-year high, stable U.S. Dollar, Bitcoin's rollercoaster, ongoing oil price surge, and anticipation for U.S. inflation figures.
Marks & Spencer snaps up logistics firm Gist for £145m to take control of food supply chain July 21, 2022 Marks and Spencer has acquired the logistics provider to its food arm for £145m, with the supermarket “taking control of our food supply chain for the first time in our history.” The premium supermarket said on Thursday the acquisition from Storeshield, owned by The BOC Group, would aid its multi-year plan to modernise its food [...]
City Moves: Who’s switching jobs in the Square Mile? October 7, 2022 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Atrato Alternatives asset management and advisory group Atrato has poached its latest director from abrdn to help oversee the supermarket investment fund management team. Ollie Mottram, who most recently held the position of transactions maager at abrdn, [...]
Asos under pressure as Gen Z shoppers switch to Shein April 9, 2024 Clive Black, analyst at Shore Capital, told City A.M. Asos has come off the back of three “really hard years” and is facing increased competition from Far East rivals Shein and Temu.