M&S declares war on Aldi over ‘obvious’ copy of Christmas gin December 16, 2021 Marks and Spencer has launched legal action against discount supermarket rival Aldi, over what it alleges is a copycat gin. Aldi’s ‘The Infusionist’ gold-flake gin liqueur range has been accused of copying M&S’ Light-Up Gin, in papers filed at the High Court earlier this month. M&S registered three varieties of its designs earlier this year, [...]
Novel coronavirus: Meet the writers who penned a book during lockdown December 3, 2021 They say everyone has a book in them, but usually that’s where it stays. Writing a novel is a time-consuming business, a months- or years-long project, often undertaken with little guarantee anyone will ever read it. Every successful author has their ‘origin story’, from JK Rowling scribbling away in an Edinburgh cafe to Dostoyevsky bashing out The [...]
Mark Kleinman: Light finally shines on Schroders’ M&G ambitions December 2, 2021 Sky News’ Mark Kleinman is the man the City reads – and in his fortnightly column for City A.M., he shares his insight and analysis. Schroders is solved The mystery is finally solved. For months, fund management executives have puzzled over two aspects of Schroders’ aborted ambitions to take over M&G Investments and create a [...]
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 [...]