Sainsbury’s and M&S walk into shareholder storm over minimum living wage versus bumper bonuses July 4, 2022 As activists mobilise in the first shareholder resolution of its kind, supermarket giant Sainsbury’s will be put under pressure this week to pay all staff and contracted workers the national living wage. Responsible investment campaign group ShareAction is driving the experimental motion at the supermarket giant’s annual general meeting on Thursday 7 July. Legal & [...]
Sainsbury’s and M&S walk into shareholder storm over minimum living wage versus bumper bonuses July 1, 2022 Supermarket giant Sainsbury’s will be put under pressure next week to pay all staff and contracted workers the national living wage, as activists mobilise in the first shareholder resolution of its kind. Responsible investment campaign group ShareAction is driving the experimental motion at the supermarket giant’s annual general meeting on Thursday 7 July. Legal & [...]
Heritage campaigners and M&S roll up sleeves for public inquiry over Oxford St flagship store July 27, 2022 Heritage campaigners have started crowdfunding to battle Marks and Spencer’s plans to demolish its 1929 flagship Oxford St store this autumn. M&S hopes to demolish the Marble Arch building, which it says has “asbestos throughout,” to create a new 10-storey building, with office space and a gym. A two-week public inquiry in October will assess [...]
M&S shareholders rebel over outgoing boss Steve Rowe bonanza £1.6m bonus at AGM July 5, 2022 A significant minority of M&S shareholders protested a £1.6m bonus payout to former top boss Steve Rowe at the supermarket’s AGM on Tuesday. After the digitally-held meeting, the grocer said all its resolutions had been approved “with substantial support,” with some 70 per cent of votes in support of its remuneration policy. Some critics had [...]
Back to school: M&S freezes school uniform prices as retailer battles to entice cash strapped shoppers July 5, 2022 M&S has frozen its prices on school uniform this summer as households face tightening budgets amid historic rates of inflation. The premium retailer also said it was introducing a 20 per cent off deal for back to school shoppers this month. The retailer – which was set to hold its annual general meeting for shareholders [...]
M&S cut prices on a range of items as shoppers face cost of living crunch April 11, 2022 Marks & Spencer has slashed prices on some core grocery items as it hopes to woo shoppers amid rising costs. Supermarkets are endeavouring to maintain their market shares while shoppers have flocked to discount retailers to mitigate the cost of living crunch in recent weeks. M&S revealed on Monday that it had lowered prices on [...]
M&S boss Steve Rowe to step down after six years March 10, 2022 M&S has announced its CEO Steve Rowe will step down after six years at the helm of the supermarket. Rowe will leave his role at the company’s preliminary results on 25 May as part of a planned succession programme, the supermarket revealed on Thursday afternoon. He will be replaced by Stuart Machin, who will become chief [...]
M&S on the verge of a FTSE 100 comeback November 10, 2021 Marks & Spencer is closing in on a return to FTSE 100, with the retailer ranking 110th on this evening's close.
Christian May returns as City A.M. editor July 22, 2024 May's return coincides with City A.M.'s move to new offices in the City of London.
M&S removes best before dates as 6.6m tonnes of food waste thrown away by households per year July 17, 2022 M&S will get rid of best before dates on hundreds of fresh produce in an endeavour to slash food waste in stores and households. The supermarket said it would remove best before dates from the labelling on more than 300 fruit and vegetable packages. Dates are to be replaced with a new code that shop [...]