Sir Stuart Rose got an £8.1m golden goodbye June 9, 2011 SIR Stuart Rose was handed an £8.1m golden goodbye when he left Marks & Spencer last year, according to the retailer’s annual report. The former chief executive and executive chairman received a pay packet worth £2.77m in 2010-11, compared to £2.6m a year earlier, plus over £5m in shares. Marc Bolland, who became chief executive [...]
CHELSEA CHARMS THE CITY May 23, 2011 THE Queen was presented with a rare orchid named in her honour yesterday as this year’s Chelsea Flower Show 2011 opened with several well-known City players braving the strong winds for the annual gala preview. Centrica boss Sam Laidlaw, Marks & Spencer chair Robert Swannell, Lloyds chairman Sir Win Bischoff, newly appointed Tesco chair Sir [...]
Stelios rants as Michels exits easyJet May 23, 2011 SIR DAVID Michels, the former Hilton chief executive who once hoped to chair Marks & Spencer, said he would step down from the board of easyJet yesterday in his second such announcement in a month. Michels, easyJet’s deputy chairman, will leave the airline at the end of this year, when he completes his second three-year [...]
Stelios rants as Michels exits easyJet May 23, 2011 SIR DAVID Michels, the former Hilton chief executive who once hoped to chair Marks & Spencer, said he would step down from the board of easyJet yesterday in his second such announcement in a month. Michels, easyJet’s deputy chairman, will leave the airline at the end of this year, when he completes his second three-year [...]
Morrisons FD gets £1.25m bonus May 11, 2011 Supermarket chain Morrisons gave finance director Richard Pennycook a £1.25m bonus in shares last year according to its annual report. Pennycook was one of the contenders for the chief executive job when Marc Bolland left the company for Marks & Spencer, but he lost out to Dalton Philips. He was paid £981,000 for 2010 before [...]
Morrisons FD gets £1.25m bonus May 11, 2011 Supermarket chain Morrisons gave finance director Richard Pennycook a £1.25m bonus in shares last year according to its annual report. Pennycook was one of the contenders for the chief executive job when Marc Bolland left the company for Marks & Spencer, but he lost out to Dalton Philips. He was paid £981,000 for 2010 before [...]
FTSE solid as investors eye US jobs data July 8, 2011 The FTSE 100 started out on the front foot today as investors awaited key US jobs data to assess the strength of the country’s economic recovery. Positive performances on Asian markets and on Wall Street buoyed sentiment in London with the non farms payroll figures to set the tone for trading later. Greece will also [...]
CITY MOVES | WHO’S SWITCHING JOBS July 7, 2011 Pensions First PensionsFirst Group has appointed David Norgrove, who was chairman of The Pensions Regulator from January 2005 until December 2010, as chairman. Norgrove is currently chairman of the Low Pay Commission and the Family Justice Review Panel and deputy chairman of the British Museum. Prior to this, he spent 16 years with Marks & [...]
Sir David Michels to quit M&S May 5, 2011 Marks & Spencer is undergoing a boardroom reshuffle, with deputy chairman Sir David Michels and non-executive director Lady Patten both stepping down. Michels, who has served five years on the board, will leave after his term ends in February while Patten, who has been with M&S since 2006, will go after the firm’s annual meeting [...]
Uniq narrows its losses but wary on future April 26, 2011 UNIQ’S full-year pre-tax loss narrowed, helped by an improvement in its desserts business following a restructuring, but its said raw material prices and increasing competition were taking their toll. The company, which sells desserts, sandwiches and salads to retailers, including Marks & Spencer and Costa, reported a pre-tax loss of £11.2m last year against £18.5m [...]