DEBATE: Will the M&S venture with Ocado turn around its fortunes? November 7, 2019 Will Marks & Spencer’s joint venture with Ocado turn around the struggling retailer’s fortunes? YES, says Adam Vettese, investment analyst at multi-asset investment platform eToro When you think of Marks & Spencer, you think of food. And not just any food, but top-quality food. In fact, food is so important to M&S that it now [...]
Marks & Spencer profit knocked lower by poor clothing sales November 6, 2019 Weak clothing and home sales knocked profit 17 per cent lower at Marks & Spencer in its latest half-year, it revealed today. But the high street chain’s share price led the FTSE risers, climbing up 5.3 per cent to 192.05p, as investors felt it could have been a lot worse as boss Steve Rowe said [...]
The neo townhouse: These enduringly popular London homes are getting a modern makeover November 4, 2019 London is an architectural patchwork of cottages and terraces, mansion flats, mews and tower blocks. And then there’s the townhouse. Definitions vary for this apparently all-encompassing name – for what is a townhouse? Is it no more than a house in town? If so, what is a “town”? Or is it a particular kind of [...]
Two Sainsbury’s executives to step down in boardroom shake up October 29, 2019 The new chairman of Sainsbury’s is planning a major boardroom reshuffle as the UK’s third-biggest supermarket tries to move on from the collapse of its planned £15bn merger with Asda. Read more: Sainsbury’s heir to the thrown quits to join media powerhouse WPP Google’s Europe operations chief Matt Brittin and ex-Marks and Spencer executive Jean [...]
Horse Racing Betting Tips: Course form points to Coulis and Escobar in Balmoral October 17, 2019 RACING purists are spoiled tomorrow with four Group Ones and a Group Two kicking off QIPCO British Champions Day, yet for many punters the most important race of the day is the closing Balmoral Handicap (4.40pm). John Gosden is yet to win Europe’s richest mile handicap, but he has saddled the runner-up in four of [...]
M&S finance boss heads for the exit September 22, 2019 Marks & Spencer has confirmed it is parting ways with its finance chief less than two years after he took on the role. The retail giant’s group chief financial officer Humphrey Singer is leaving the business in the latest high-profile departure to rock the company. Read more: UK retail sales unexpectedly fall in August Coming [...]
Why M&S’ relegation from the FTSE 100 doesn’t mean the death of the High Street September 20, 2019 Marks and Spencer (M&S) is set to be relegated from the FTSE 100 after the close of business today. This will be the first time that the company has lost its blue chip status. The UK retailer was a founder member of the FTSE 100 and a stalwart of the UK High Street. But its [...]
Ocado sales growth accelerates after Andover fire recovery September 17, 2019 Online supermarket Ocado reported accelerating growth in the third quarter after it secured an additional warehouse following a fire at the firm’s Andover site. Retail revenue increased 11.4 per cent to £386.3m in the 13 weeks to 1 September, the company reported in a trading update this morning. Read more: Firefighters put out blaze at [...]
M&S launches urban farming scheme in London stores September 12, 2019 Marks & Spencer is launching an “urban farming” scheme in its London stores, the retailer announced yesterday. M&S Food has partnered with Infarm to grow fresh herbs – including basil, mint, parsley and coriander – at its branch in Clapham Junction. Read more: M&S’s FTSE exit is a symbol of its terminal decline The retailer [...]
M&S’s FTSE exit is a symbol of its terminal decline September 6, 2019 Archie Norman, the Marks & Spencer chairman, put a brave face this week on the retailer’s demotion from the FTSE 100. Nothing to see here, he said: the business was exactly the same on the day after its relegation. Focusing on it was the reddest of herrings. In a sense, he is right – but [...]