Marks & Spencer snaps up logistics firm Gist for £145m to take control of food supply chain July 21, 2022 Marks and Spencer has acquired the logistics provider to its food arm for £145m, with the supermarket “taking control of our food supply chain for the first time in our history.” The premium supermarket said on Thursday the acquisition from Storeshield, owned by The BOC Group, would aid its multi-year plan to modernise its food [...]
Ocado Retail boss to step down as online grocer begins hunt for new CEO July 19, 2022 Ocado Retail has said its CEO Melanie Smith will step down next month, after three years at the helm of the business. Former deputy CEO of the company, Lawrence Hene, will take over on an interim basis while a hunt for a permanent replacement takes place. The supermarket has struggled with waning average basket spending [...]
Marks & Spencer pushes further into tech as high street giant extends 15-year old pact with Flooid July 18, 2022 UK high street retailer Marks & Spencer confirmed this morning it has extended its agreement with Flooid for the provision of store point-of-sale and unified commerce platform basket services for up to another five years. Flooid, formerly PCMS Group, agreed with Marks & Spencer in 2007 to supply software to run point-of-sale and self-checkouts across [...]
Exclusive: Political turmoil causing ‘uncertainty’ and jeopardising rules reform, Starling boss warns July 11, 2022 The chief of digital bank Starling warned that political volatility was causing “uncertainty” for businesses today as she voiced concerns that the government’s business reform agenda could be blown off course. In comments shared exclusively with City A.M., Anne Boden, who founded the digital bank in 2014, warned the tumult of Boris Johnson’s resignation last [...]
Tory MP Caroline Nokes reported Chris Pincher for being drunk mid-afternoon, 24 hours before groping attack July 5, 2022 Senior Tory MP Caroline Nokes claimed she reported Chris Pincher for being ‘drunk in the middle of the afternoon’ last Tuesday – 24 hours before his alleged groping attack. But nothing was done, she said late last night. Nokes shared on TalkTV that she witnessed the former Deputy Chief Whip, Chris Pincher, ‘drunk in the [...]
Bewildered: M&S hits out at Gove over public inquiry over iconic Oxford St flagship store redevelopment June 21, 2022 Marks and Spencer has slammed the housing minister’s decision to hold a public inquiry over a redevelopment plan of its Marble Arch store. The supermarket said it was “bewildered and disappointed” that Michael Gove had chosen to call in its plans to bulldoze the Art Deco flagship store on Oxford St. A public inquiry will [...]
Deliveroo poaches Money Supermarket chief financial officer June 20, 2022 Deliveroo has poached MoneySupermarket.com’s chief financial officer for the same role at the food delivery firm. The London-listed platform announced on Monday that Scilla Grimble will join the company as CFO and board director by no later than June 2023. Current CFO Adam Miller will initially be replaced by Deliveroo’s VP for investor relations David [...]
Fresh Hope that Fellowes and Turner can win the Sandringham yet again June 16, 2022 TRAINERS are creatures of habit. They have certain races they target and Charlie Fellowes will be hoping he can continue his love affair with the Sandringham Stakes (5.00pm) this afternoon. Thanks Be gave the young handler his first Royal Ascot win in this race three years ago when ridden by Hayley Turner who was becoming [...]
Chiefofchiefs can prove he’s a very good Fellowes for Charlie and Jamie June 15, 2022 LADIES Day closes with the 30-runner Buckingham Palace Stakes (6.10pm) over seven furlongs, so if you’re still looking for a winner here then you’re in big trouble. William Haggas’ unbeaten Montassib is the potential Group horse in a handicap, but he’s drawn in stall one and that may well not be the place to be. [...]
Rowe has earned his money with the turnaround of Marks and Spencer June 7, 2022 Steve Rowe’s pay packet as he departs Marks and Spencer is, unsurprisingly, the subject of plenty of commentary. He’s walking into the sunset with £2.6m for his last year of work, a sum that set against an ongoing cost-of-living crisis in the rest of the economy will always raise eyebrows. Yet Rowe has earned every [...]