Rose hints at early retreat May 25, 2009 MARKS & SPENCER’S executive chairman Sir Stuart Rose has said publicly for the first time he hopes to stand down before July 2011, his previously announced departure date. Rose, who has faced months of speculation about his future, said: “It’s quite clear. I said I would extend my tenure at the least until 2011. What [...]
WHAT THE OTHER PAPERS SAY THIS MORNING May 18, 2009 FINANCIAL TIMESCASH-STRAPPED TOURISTS AVOID SPANISH SUNBritish tourists impoverished by the weak pound, German holiday makers worried about recession and a domestic market laid low by the sharpest economic contraction for 40 years: it would be hard to imagine a worse combination for Spain’s tourism industry as bookings in many places are down by at least [...]
Mutuality stages a comeback as Co-op buys Somerfield for £1.56bn July 17, 2008 Three months ago Co-operative Group chief executive Peter Marks unveiled a bold three-year plan to double the group’s profits. The fortunes of the mutual store group were flagging, with 2007 profits down almost 50 per cent and the group offering little competition to the main supermarket chains. Yesterday, the first phase of Marks’ plan to [...]
Boots deal is ‘looking up’ October 28, 2005 Boots chief executive Richard Baker claimed yesterday that investors are warming to the idea of the proposed merger with Alliance UniChem. The proposed £7bn “merger of equals” was met with a lukewarm response by shareholders and ratings agencies when it was announced at the start of this month. However, in the intervening weeks, Baker, chairman [...]