Weak banks help drive FTSE to three-month closing low June 15, 2011 BRITAIN’S top shares ended lower yesterday, weighed down by banks on worries over the UK government’s drive for tougher regulation and Europe’s debt crisis, while commodity stocks also pressured the index. The FTSE 100 closed down 60.58 points, or 1.0 per cent, at 5,742.55, its lowest finish since March 18. Banks fell ahead of chancellor [...]
M&S sales in slim rise thanks to food April 6, 2011 Marks and Spencer sales were up slightly as rising food sales offset falls in other categories, it said in a trading statement. Its like-for-like sales rose 0.1 per cent in the 13 weeks to 2 April. General merchandise fell 3.9 per cent, but that was cancelled out by a 3.4 per cent rise in food [...]
M&S sales in slim rise thanks to food April 6, 2011 Marks and Spencer sales were up slightly as rising food sales offset falls in other categories, it said in a trading statement. Its like-for-like sales rose 0.1 per cent in the 13 weeks to 2 April. General merchandise fell 3.9 per cent, but that was cancelled out by a 3.4 per cent rise in food [...]
M&S predicts shoppers will flock at Xmas November 8, 2011 MARKS & SPENCER yesterday revealed a fall in first half profits after it chose not to pass on the full extent of spiralling costs to cash-strapped shoppers and battled with a “challenging” economic environment. Britain’s biggest clothing retailer reported underlying pre-tax profits of £315.2m in the six months to 1 October, 10 per cent lower [...]
Pub chief Ian Dyson to exit in high spirits October 20, 2011 IAN DYSON, chief executive of Spirit, the managed pub operator that demerged from Punch Taverns this year, will step down as chief executive on 16 December and hand the reins to his deputy, Mike Tye. The former Marks & Spencer finance chief was parachuted in to run Punch Taverns in September last year and decided [...]
Pub chief Ian Dyson to exit in high spirits October 20, 2011 IAN DYSON, chief executive of Spirit, the managed pub operator that demerged from Punch Taverns this year, will step down as chief executive on 16 December and hand the reins to his deputy, Mike Tye. The former Marks & Spencer finance chief was parachuted in to run Punch Taverns in September last year and decided [...]
CITY MOVES | WHO’S SWITCHING JOBS November 9, 2011 DLA Piper Tony Angel, the former firm-wide managing partner of Linklaters, has joined DLA Piper as global co-chairman and senior partner of the international law firm. He will serve alongside global chairman Francis B Burch Jr and work with the firm’s chief executives Sir Nigel Knowles and Lee I Miller. Following his tenure at Linklaters [...]
THE TIPSTER May 22, 2011 NO FRILLS airline Ryanair has seen its share price on the up since March, and with oil prices falling, the stock is finding further support. It is due to report figures today and the expectations are that passenger numbers have increased. Capital Spreads quotes 3.54p-3.58p. Optimism has increased about tomorrow’s first quarter Marks and Spencer [...]
Get into casuals with the latest menswear trends September 22, 2011 SO it’s goodbye London Fashion Week until next year, as the sartorial bonanza drew to a close with menswear day on Wednesday. Highlights included a spot of celebrity bingo with Topshop’s front row (Jamie Hince, Mr Kate Moss to you, and Sir Philip Green were all to be seen) and Oliver Spencer’s shortened trousers. Also [...]
Miners buoy FTSE but ratings threat casts shadow May 24, 2011 Mining stocks put the FTSE 100 on the front foot in early trading as metal prices rose – boosted by Goldman Sachs recommending investors to buy into commodities. Commodities trader Glencore made its full market debt and rose slightly from its price on the so-call grey market, but remained below the 530p offer price of [...]