Marks & Spencer share price falls as retailer records 14th consecutive quarter of clothing woes January 8, 2015 Marks & Spencer's share price fell more than 2.2 per cent in early trading, after the struggling retailer revealed below-expectations results. Online delivery delays and "unseasonal conditions" proved to be a nightmare before Christmas for Marks & Spencer, as general merchandise sales slumped for the 14th consecutive quarter. Like-for-like sales in general merchandise – which [...]
Horse racing betting: Sea Of Heaven set to leave rivals toiling in his wake July 21, 2016 Trainer Sir Mark Prescott has been among the winners of late and I’m confident he can grab another with SEA OF HEAVEN in Friday's John Guest Brown Jack Stakes (2.55pm) at Ascot. The four-year-old ran a cracker at Newbury last week, finishing second behind the highly progressive Sweet Selection who was rattling off a hat-trick. [...]
Week ahead: Fashion retailers and builders are in the spotlight July 11, 2016 Alongside the Bank of England’s first meeting after the UK voted to quit the European Union it will be a busy week of corporate numbers. Bank of England officials announce their monetary policy decision on Thursday and many economists are expecting a loosening of interest rates. The FTSE 100 rose to its highest level in [...]
Business is better off in the EU – now it’s time to say so January 28, 2016 After a life working in and running large businesses like Marks & Spencer, I have been asked why I wanted to chair the Britain Stronger In Europe campaign. The answer is simple. Nothing is more important for British business at the moment than our place in the European Union being under threat. Being in the [...]
These are the FTSE 100 social media winners and losers September 12, 2016 FTSE 100 firms are finally getting the hang of social media and even jumping on the Snapchat bandwagon to build their profile, new research reveals. Seven firms in the blue-chip index now have official accounts on the fledgling messaging service with a further six using the platform in some form. Read more: Google, Facebook and Twitter blasted over [...]
The Gulf States see great opportunities in Britain’s bright post-Brexit future December 8, 2016 Prime Minister Theresa May is in Bahrain, meeting with leaders of the Gulf Cooperation Council (GCC), spearheading the UK government’s plans to “turbo-charge” trade with this important trading bloc. In doing so Mrs May has gone into the history books as the first British Prime Minister to attend the annual GCC Summit, and also the [...]
Next ups full year profit guidance after strong third quarter as it pays out 60 pence per share dividend October 28, 2015 High street retailer Next has raised its guidance for full year profit after another strong quarter. The figures Next's retail arm grew sales 5.9 per cent in the 13 weeks to 28 October, while its directory division grew by 6.2 per cent, giving the group as a whole a six per cent increase in sales. [...]
SoftBank “not a good owner” for ARM laments Lord Myners as shareholders wave the deal through August 30, 2016 All systems go! Shareholders of tech giant ARM Holdings have approved the £24bn SoftBank takeover – clearing its last hurdle ahead of the deal being completed on Monday. The deal was waved through by 95 per cent of investors this afternoon, the Cambridge-based company said in a regulatory filing. Not all are happy about the deal however. [...]
Is today a turning point for Marks & Spencer’s share price? November 5, 2014 Marks & Spencer's share price has soared 8.3 per cent this morning, suggesting that investors were pleasantly surprised by its better-than-expected results. Although it marked its 13th quarter of declines, the 3.4 per cent drop in clothing was lower than consensus. Analysts this morning are suggesting this could be, if not the beginning of [...]
Christmas adverts 2015: John Lewis, Burberry, Duracell, Sky Movies and Asda are the most popular festive ads so far this year November 9, 2015 It's been just four days since John Lewis unveiled its festive advert for Christmas 2015 – but the department store chain is already head and shoulders in front of the competition when it comes to online impact. Tear-jerker quite possibly, but John Lewis' Man on the Moon advert has already been shared nearly 478,000 times [...]