Oxford Street M&S: Angela Rayner gives all-clear for demolition December 5, 2024 Angela Rayner has given the all-clear for the demolition of the flagship Oxford Street Marks & Spencer store. The deputy prime minister has granted permission for M&S to demolish the 94-year-old shop at Marble Arch in a decision published today. Plans to knock down Orchard House, which dates to the 1930s, and two other buildings, [...]
M&S to reset prices overseas as international sales dip November 24, 2024 M&S is looking to reset its prices in its overseas stores in a bid to turn around a slowdown in its international business. Chief executive Stuart Machin said the firm planned to “restore the competitiveness” of the company overseas and added that it was “way out of kilter on price”, The Sunday Telegraph reported. Despite remarkable [...]
JD Sports: Shares slump as profit at FTSE 100 giant to be at lower end of expectations November 21, 2024 JD Sports has revealed its full-year profit will now be towards the lower end of its expectations after softening consumer demand hit its sales. The Greater Manchester-headquartered FTSE 100 giant had previously set a target for its pre-ta profit of between £995m and £1.035bn but it has now confirmed the total will be towards the [...]
ECB chair Thompson: I’ve found myself in an extraordinary moment for cricket November 19, 2024 "A lot of the next 10 years will be determined almost by what happens in the next 10 weeks," said Thompson.
Business Budget backlash builds as hospitality giants write to Chancellor November 11, 2024 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 [...]
Marks and Spencer shares up on double-digit growth as turnaround pays off November 6, 2024 Marks and Spencer has reported another bumper set of results ahead of the golden quarter as its turnaround plan continues to pay off. The company’s share price rose by nearly five per cent in early trades and reached a level not seen since 2016. Profit before tax rose 17.2 per cent to £407.8m, up £348.1m [...]
Beckett’s stellar season can end with Valvano high November 5, 2024 SATURDAY also sees the curtain fall on the British Flat turf season with the November Handicap (3.45pm) at Doncaster. The mile-and-a-half finale at Doncaster is always a hot betting heat, and this year is no different, with bookmakers currently offering 7/1 the field. VALVANO immediately catches my eye at the top of the market and [...]
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."