Editor’s notes: A Cornish hero on 9/11, vegans up the creek with no Padella, and policy is for the many, not the pew September 14, 2018 Everyone remembers where they were when they heard about the 9/11 attacks. For many City workers, the event remains a trauma. Michael Spencer, who had hundreds of staff in the World Trade Center, still turns pale when recalling how he sat in London, watching the news footage, trying to get through on the phones. Remarkably, [...]
Editor’s notes: A Cornish hero on 9/11, vegans up the creek with no Padella, and policy is for the many, not the pew September 14, 2018 Everyone remembers where they were when they heard about the 9/11 attacks. For many City workers, the event remains a trauma. Michael Spencer, who had hundreds of staff in the World Trade Center, still turns pale when recalling how he sat in London, watching the news footage, trying to get through on the phones. Remarkably, [...]
Alexa Chung for Marks & Spencer has dropped – but what’s the verdict? April 14, 2016 Marks & Spencer's latest attempt to win over the fashionistas (and presumably also the people that actually shop in M&S) landed in shops yesterday. The retailer needs all the help it can get to boost its bottom line – but will this be the collection to swing it? Here's our verdict… What is it? Archive by Alexa [...]
Marks & Spencer reports 1.1 per cent dip in UK revenue, driven by 8.3 per cent decline in clothing and home sales July 7, 2016 Marks & Spencer has reported a 1.1 per cent reduction in UK sales for the first quarter of its financial year, as the retailer continues to try and turn around its struggling clothing & home division – but guidance for its full year results remains the same. A four per cent increase in UK food sales [...]
Lord Stuart Rose says Sir Philip Green should not be stripped of knighthood March 9, 2017 Lord Stuart Rose, former boss of Marks & Spencer, has defended his frenemy Sir Philip Green, saying the ex-BHS boss should not be stripped of his knighthood. Rose and Green famously shouted at each other on the street in 2004 when Green's attempt to snap-up Marks & Spencer failed. But, at a retail conference today, Rose [...]
Marks & Spencer profits drop by a fifth as Steve Rowe sets out plans to revive clothing business May 25, 2016 Marks & Spencer's share price fell more than 8.3 per cent this morning, despite pre-tax profits falling by nearly a fifth in the last year, as new management unveiled plans to tackle the struggling clothing division. The figures Group revenue at M&S was up 2.4 per cent to £10.6bn for the 53 weeks to 2 April, while underlying pre-tax [...]
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Will Marks & Spencer’s new boss Steve Rowe “kitchen sink” the retailer? April 4, 2016 Marks & Spencer's new boss Steve Rowe picked up the reins from Marc Bolland on Friday – just days before the troubled retailer is due to reveal its fourth quarter figures. If M&S' most recent set of results is anything to go by, investors can probably expect another set of declines – particularly within general [...]
FTSE 250 is on track for its worst day of 2017 after disappointing retail results June 15, 2017 Admittedly, it has been a good year for the FTSE 250, which has set several records as weak sterling encouraged investors. But today is not one of those days: the index was on the way to its worst showing of 2017 in morning trading, falling 1.36 per cent to 19,702 points as investors showed their [...]
Marks and Spencer’s profits plunge in first half as it announces plans to pull out of ten international markets November 8, 2016 Marks & Spencer has unveiled plummeting profits for the 26 weeks to 1 October, once again blaming its struggling clothing arm for dragging on the rest of the business, and outlined plans to close 60 stores. The figures Group revenue was up by 0.9 per cent to £4.99bn from £4.95bn in the first half of last [...]