Covering up in style July 2, 2009 GOING to the beach is a whole fashion experience. Think you can get away with your swimsuit and an old T-shirt or sundress? No way. The sun, sand, sea or pool call for a lot more. Leaving aside totes, towels, deckchairs, designer suncream, fetching hats and gleaming sandals, let’s focus on your body. What you [...]
Rose sees off revolt among shareholders July 8, 2009 SIR Stuart Rose yesterday quelled investor rebellion and hung on to his job as Marks & Spencer’s executive chairman. But despite seeing off a protest vote at the group’s annual meeting, he did not get an easy ride, with a higher-than-expected 38 per cent of investors backing a resolution that could have forced him to [...]
Rose waives 1.1m share award payout June 22, 2009 SIR Stuart Rose, executive chairman of Marks & Spencer, yesterday waived his entitlement to more than £1m in shares in a bid to appease disgruntled shareholders. Under the incentive share plan, M&S’s remuneration committee had awarded Rose 1,184,900 shares. But after a shareholder backlash led by the Association of British Insurers (ABI), Rose said he [...]
FTSE gains on commodities rally after price of oil rises July 1, 2009 THE FTSE 100 closed 2.2 per cent higher yesterday, fuelled by a rise in the oil price which prompted a strong rally in commodity stocks, and on hopes that the recession may be drawing to a close. The index was up 91.50 points at 4,340.71, after closing 1 per cent lower on Tuesday. “When (the [...]
Meet the deal-maker extraordinaire who hopes the crisis will end in 2010 July 26, 2009 It is hard to escape the feeling that Slaughter and May’s Nigel Boardman is ever so slightly bored. Given that he is London’s top mergers and acquisitions (M&A) lawyer, and that we are still in the midst of a bitter recession which has led to a dramatic reduction in deal-making, this is not exactly surprising. [...]
J Sainsbury in bullish mood May 13, 2009 J Sainsbury boss Justin King ruled out rumours he will move to rival Marks & Spencer, saying he is proud of his performance so far and the “best part lies ahead”
J Sainsbury in bullish mood May 13, 2009 J Sainsbury boss Justin King ruled out rumours he will move to rival Marks & Spencer, saying he is proud of his performance so far and the “best part lies ahead”
BEST OF THE BROKERS May 13, 2009 WELLSTREAM HOLDINGS“It’s grim up north” said analysts at Citigroup, as they reduced their earnings per share estimates for Wellstream by 19 per cent for 2009. The broker said that the most solid and consistent part of the business has suffered over recent months, which will lead to earnings of £7-8m this year. Citi recommends investors [...]
Rose braces himself for more dissent June 24, 2009 MARKS & SPENCER yesterday faced fresh pressure over Sir Stuart Rose’s dual role as chairman and chief executive as corporate governance body Pirc joined the growing calls for an independent chairman. Pirc said: “Combining the two roles in one person represents a dangerous concentration of power that is potentially detrimental to board balance, effective debate, [...]
First gains of the week as Alcoa boosts the markets July 9, 2009 THE FTSE 100 closed 0.5 per cent higher yesterday, ending a three-day losing streak on the back of gains in miners after reassuring earnings from Alcoa. The index closed 18.43 points firmer at 4,158.66, having fallen 1.1 per cent the previous session to its lowest closing level in more than two months. However trading was [...]