Real Madrid top Deloitte Football Money League as Champions League revamp boosts Premier League’s rivals
M&S to be fully operational by August after heavy cyber attack, boss says Retail Marks and Spencer boss Stuart Machin has said he expects the worst of the retailer’s cyber attack to be over within the next four weeks. M&S has been struggling with the attack since April, with some systems still offline – including click and collect services. The retailer’s share price climbed slightly in response, up 0.62 [...]
Are cyber attacks about to become the norm for British retailers? Tech In the last month, cyber attacks have gone from a destructive but uncommon issue to the top of most Brit’s news feeds. Marks and Spencer’s, Co-op, Harrods – plus the international Dior and Coinbase – have all been the target of attacks in the last months, with more unsuccessful or smaller attacks likely to have [...]
Business Budget backlash builds as hospitality giants write to Chancellor Economics The government is under increasing pressure to revisit its hikes to employer national insurance contributions and the minimum wage after a number of the UK’s largest employers voiced concerns about the impact of the changes on their costs and operations. Over 200 of the UK’s biggest hospitality businesses signed a letter to the Chancellor yesterday [...]
Labour’s ‘growth’ agenda already looks like a bad joke November 7, 2024 Well, that didn’t take long to unravel: the first Labour Budget for nearly 15 years, and the first ever by a female chancellor, saw the parallels with Kwasi Kwarteng’s infamous 2022 mini-Budget emerging within hours. The comparison was misguided, although the jittery reaction of financial investors and rise in government funding costs told its own [...]
M&S set to buck retail trend and see a bumper golden quarter November 6, 2024 After reporting a set of results far ahead of analysts’ expectations for the third quarter, Marks and Spencer is set for a bumper Christmas period as its turnaround continues to bear fruit. Its food division is particularly well-placed to deliver, with sales already up more than seven per cent in the third quarter. M&S’ food [...]
M&S to report £6.6bn in sales amid turnaround in fortunes November 3, 2024 Such a performance would put further weight behind comments from boss Stuart Machin in May, hailing the "beginnings of a new M and S."
Reeves planning national insurance on employer pension contributions, as workers spared October 23, 2024 The move would raise £15.4bn, which would go a long way to filling the £40bn which Reeves hopes to raise through a combination of tax rises and spending cuts.
The Capitalist: Guildhall’s gossip police on patrol as M&S boss skips Investment Summit October 17, 2024 Dispatches from Labour's Investment Summit, M&S's CEO's big night out and hijinks at Cheltenham: catch up on City gossip in The Capitalist.
Marks and Spencer chief’s pay soars to decade high as turnaround pays off June 3, 2024 Marks and Spencer's turnaround plan has generated huge rewards for its boss, Stuart Machin.
Mark Kleinman: Proxies, a stock market exodus and a Kingfisher mystery April 18, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the City talking in his weekly City A.M. column.