From frumpy fashion to TikTok trendsetter: How M&S regained its high street crown November 8, 2023 Marks & Spencer (M&S) has once again found itself back in fashion with investors and shoppers, posting a near £100m in rise in profits in its half year results. Shares in the company rocketed over 10 per cent this morning after the century-old business said its turnaround plan which intends to make the brand look [...]
M&S reinstates dividend and CEO Stuart Machin promises he’s not done yet November 8, 2023 Marks and Spencer (M&S) racked in hefty profits during the half year, as the firm’s reshaping programme continues to show signs of paying off. The Percy Pig maker posted profit before tax of £360.2m up nearly £100m on last figures of £205.5m. M&S also reported a 14.7 per cent rise in food sales as its [...]
If we look for insane political slights, we will find them – yes, even in M&S ads November 6, 2023 Last weeks momentary insanity of a Christmas ad is a sign of our hyper vigilance against political slights, writes Eliot Wilson
Marks and Spencer sorry for Christmas ad showing burning hats ‘in colours of Palestine’ November 2, 2023 M&S took to social media to apologise for any "hurt" caused after their ad showed red white and green Christmas hats on the fire.
Mark Kleinman: Ascential’s messy breakup, audit tensions and ARGA’s impasse October 5, 2023 Mark Kleinman, City editor of Sky News, writes weekly for City A.M. This week he talks Ascential, FCA tensions and the ARGA impasse.
Bless Him not a curse in the Challenge Cup October 4, 2023 AFTER a spectacular weekend of racing featuring a vintage renewal of the Prix de l’Arc de Triomphe, it’s a somewhat quieter affair this week. The feature race of the weekend is the Group One Sun Chariot Stakes (3.10pm) at Newmarket where Frankie Dettori bids for more big race success on the latest stage of his [...]
Retailers demand urgent action from government as crime soars October 1, 2023 Dozens of UK retailers have written to Suella Braverman demanding urgent action over the soaring number of crimes made in stores. Some 86 retail leaders, including the bosses of Marks & Spencer and Sainsbury’s, have signed a letter to the home secretary demanding the government clamp down on rising levels of theft and abuse towards [...]
Ocado: Signs of progress at last as firm looks to continue share price turnaround September 19, 2023 Upmarket grocer Ocado has reported a 7.2 per cent surge in revenues to £569.6m in the third quarter as turnaround plans under the guidance of its year old chief executive appear to show signs of paying off. The digital supermarket, which operates as a joint venture with M&S, said the average orders per week at [...]
M&S turned it around and is now in FTSE 100. Here’s why John Lewis is so far off September 14, 2023 The John Lewis Partnership has had a torrid day, following an announcement it will push its turnaround plan back by two years. It’s the latest bit of bad news that has seen it fall further behind rival Marks and Spencer, whose high street revival recently raised its profit outlook after pivoting towards clothing and homeware. [...]
John Lewis boss: Fix high street or risk “looting grounds” in city centres September 11, 2023 A lack of attention will see "embolden shoplifters and organised gangs" take over the high street, Sharon White reckons