Marks & Spencer pay row: M&S makes new offer to workers – but campaigners say it isn’t enough September 2, 2016 Could this be the end of the long-running pay row between Marks & Sparks and its workers? Evidently not: the retailer today announced it had finished consulting with staff over pay, but campaigners don't think its conclusions are enough. In a statement today M&S said after a "thorough consultation" with its national employee representative group, it was offering [...]
Hiver beers founder Hannah Rhodes is turning bees to money October 23, 2017 Even the most hardened City hack might consider turning down the offer of a drink at 11am. But for you, City A.M. readers, this reporter went the extra mile. The Bermondsey Beer Mile, that is. I’m here to meet Hannah Rhodes, founder of Hiver beers. Following a decade in the drinks industry, including a spell [...]
How do you solve a problem like M&S: What Steve Rowe is pledging to do to fix Marks & Spencer May 25, 2016 Another day, another set of terrible results for Marks & Spencer, which this morning revealed pre-tax profits had slumped by almost a fifth over the last year. As with every other update in the last four or five years, the retailer experienced strong sales in food and a disappointing in clothing. But unlike other results, today's figures [...]
Marks and Spencer pulls advertising from Google over extremist content March 20, 2017 Marks and Spencer has become the latest firm to pull its advertising from Google after reports that it has been allowing adverts for UK companies to appear on extremist websites. A recent investigation by the Times showed that UK advertisements, from the likes of Sainsbury's, RBS and the UK government, have been posted on YouTube [...]
Guess which British stalwart has just been named the UK’s favourite brand again February 27, 2017 British Airways may have hit some turbulence thanks to the weak pound, but when it comes to its brand value, the airline is sailing smoothly on, after it topped a ranking of the UK's favourite brands – again. It's the fourth year in a row BA has topped the Superbrands index, an annual survey of consumers' views [...]
Reiss snaps up retail boss tipped for M&S clothing job February 20, 2017 Reiss has appointed Christos Angelides as its new chief executive. Angelides, who has spent 28 years at rival retailer Next, had been tipped to become Marks and Spencer's clothing and homeware boss. But he said today that he has "long admired the strength of the Reiss brand" and looks forward to working with founder and [...]
Focus On Brixton: David Bowie, buzzing nightlife and honest burgers keep average house prices at around £550,000 July 27, 2017 In many ways, Brixton is the capital of south London. With its excellent transport links into central London and exhaustive range of shopping, dining and nightlife options, if you didn’t have to work, you probably wouldn’t need to leave. It even has its own currency. Over 250 businesses accept the Brixton Pound and around £50,000 [...]
All eyes on M&S clothing – and its chief executive Steve Rowe – as the retailer unveils its latest results collection later this week January 8, 2017 Marks & Spencer's beleaguered clothing division could finally be on the up, with sales growth expected by some analysts when the high street behemoth reveals its third quarter results this week. On 12 January, M&S will reveal its third quarter to 31 December. Analysts are on average forecasting like-for-like sales growth in its clothing and home [...]
Ocado chairman Stuart Rose bags £1.3m share award February 12, 2017 Online grocer Ocado gave its chairman Stuart Rose a £1.3m share award last year as part of a pay deal he agreed when he joined the company in 2013. When he was made Ocado chairman, former Marks and Spencer boss Rose bought £400,000 worth of Ocado stock. The company gave him 452,000 shares on the [...]
M&S chairman Robert Swannell is leaving December 13, 2016 Marks and Spencer's chairman Robert Swannell is retiring in 2017, the company announced this morning. He will continue in his role until a replacement is found. Vindi Banga, senior independent director at M&S, will be leading the search for a new chairman. Swannell said: “A year ago we chose Steve Rowe as our chief executive. Steve [...]