City Moves: Who’s switching jobs in the Square Mile today? December 1, 2021 City A.M.’s Millie Turner provides a roundup of the most important hires and job moves across the City, every morning. Email citymoves@cityam.com to be featured. Two Magnolias UK-focused venture capital investor Two Magnolias has posted the former UK head and European president of BP to its board. Peter Mather, who will chair the board, will help Two Magnolias close its new £50m sustainability [...]
Marks & Spencer buys stake in Nobody’s Child as it seeks to broaden clothing appeal November 23, 2021 Marks & Spencer has acquired a 25 per cent stake in affordable fashion brand Nobody’s Child, as it hopes to revive its clothing division. The investment is part of the retailer’s brands strategy which uses different models including wholesale agreements, exclusive collaborations, equity investments, and strategic acquisitions, including a purchase of Jaeger earlier this year. [...]
City rumour mill grinds around possible mega private equity offer for Marks & Spencer November 22, 2021 As shoppers prepare for a black Friday spree, the bargain hunt for good value UK companies continues for private equity firms. The rumour mills are now grinding around a possible bid by Apollo Global Management for UK high street staple Marks & Spencer, sending shares 3 per cent higher in early trade. The New York-based private equity giant [...]
New York-based Apollo Global Management mulls buyout of Marks & Spencer November 22, 2021 Private equity giant Apollo Global Management is reportedly mulling a buyout of UK high street staple Marks & Spencer.
These aren’t just good results…M&S buoyed by update November 11, 2021 Marks and Spencers’ shares were back in fashion on the FTSE 250 yesterday, after a buoyant update indicated greener pastures for the once ailing brand. The retailer boosted full year profit expectations as it reported a profit before tax of £187.3m in the six months to 2 October, sending shares up more than 16 per [...]
M&S on the verge of a FTSE 100 comeback November 10, 2021 Marks & Spencer is closing in on a return to FTSE 100, with the retailer ranking 110th on this evening's close.
M&S shares surge more than 15 per cent following full year profit hike November 10, 2021 Marks and Spencer (M&S) has lifted its full year profit expectations as the high street retailer looks to expand its store offering – and take over six former Debenhams sites. Shares surged a massive 15.76 per cent to 225.10p per share by mid-morning, boosting the entire market. “The shares have come roaring back from the [...]
This is not just results: London markets boosted by M&S profit hike November 10, 2021 UK retail institution Marks and Spencer boosted London markets during the opening session today as investors poured into the stock after it hiked its profit outlook. The capital’s mid-cap FTSE 250 index, which M&S is listed on, advanced 0.34 per cent to 23,445.61 points. The premier FTSE 100 index was up 0.33 per cent to [...]
Fizz is the fun we need: Your guide to sparkling wine October 6, 2021 After a year and a half of lockdown there is an undeniable thrill in leaving the living room. As we head into town to gossip once more by the water cooler, we deserve more of a celebration than an oat-milk latte clutched on the commute. Times like these call for sparkling wine, the true beverage [...]
M&S pledges to be fully net zero on carbon emissions by 2040 September 30, 2021 Supermarket Marks & Spencer has committed to becoming fully net zero in carbon emissions by 2040, a decade ahead of a national government target. The retailer set out plans for rapid decarbonisation of its operations that will cut its carbon footprint by a third by 2025, from a 5.7m tonne 2017 baseline. M&S has reset [...]