Ocado chairman Stuart Rose bags £1.3m share award February 12, 2017 Online grocer Ocado gave its chairman Stuart Rose a £1.3m share award last year as part of a pay deal he agreed when he joined the company in 2013. When he was made Ocado chairman, former Marks and Spencer boss Rose bought £400,000 worth of Ocado stock. The company gave him 452,000 shares on the [...]
Why the UK is falling out of love with fashion: M&S, Debenhams and Ted Baker offer solutions to the high street clothing crisis January 24, 2017 In 2016, Britons were focused less on fashion, and more on enjoying themselves. We ate out and drank more, but spent less on clothes. In other words, we “shifted towards the experience economy”, according to Richard Lim, chief executive of Retail Economics. “Since Brexit, the components within the economy holding up well have been consumer expenditure [...]
Wine experts at Marks & Spencer have predicted what you’ll be drinking in 2017 January 13, 2017 In 2016, we had the rise of English bubbly, craft beer and gin. Now, wine experts at Marks & Spencer have uncorked their top predictions for the year ahead. 1. First of all, we'll be drinking less Dry January got us all talking about the growing number of high-quality low or zero alcohol drinks, and [...]
Editor’s notes: Carney can see what EU officials refuse to: that they need the City January 13, 2017 Mark Carney isn’t the kind of man to lose his temper in public. Perhaps he isn’t even the kind of man to lose his temper at all. Still, if he was ever to come close to doing so it may well have been at this week’s Treasury Select Committee hearing, where he once again came up [...]
These analysts are not impressed by M&S’ trading update January 12, 2017 And it looked like things were going so well. Marks and Spencer started off the trading session on a high, jumping five per cent at the open when the retailer beat expectations with its like-for-like clothing sales. But M&S lost its shine as the day wore on, and its share price is now up just 0.8 per cent [...]
Marks & Spencer posts Christmas sales hike as clothing division shows increase for first time in two years January 12, 2017 Marks & Spencer has revealed a long-awaited improvement in its clothing arm during the 13 weeks to 31 December, although a change in its reporting period played a significant part in the alteration. The figures The retailer reported a 5.9 per cent increase in sales over the Christmas period. The clothing and home arm showed a [...]
Marks and Spencer chairman rejects demand for reversal of company’s benefit cuts January 9, 2017 The chairman of high street stalwart Marks and Spencer has defended the company's decision to cut some of the benefits it offers to employees. Last year M&S staff were asked to sign new contracts ending benefits such as double pay for employees working on Sundays. MPs asked to meet M&S chief executive Steve Rowe to discuss the changes, [...]
All eyes on M&S clothing – and its chief executive Steve Rowe – as the retailer unveils its latest results collection later this week January 8, 2017 Marks & Spencer's beleaguered clothing division could finally be on the up, with sales growth expected by some analysts when the high street behemoth reveals its third quarter results this week. On 12 January, M&S will reveal its third quarter to 31 December. Analysts are on average forecasting like-for-like sales growth in its clothing and home [...]
Here are five of the best alcohol-free and low alcohol beers to drink during Dry January January 5, 2017 Although you might have imagined yourself spending Dry January at the gym, cooking up healthy meals in your kitchen or proudly mastering the art of the homemade mocktail, chances are you'll find yourself in a pub at some point. Before you give in and order your standard pint, try one of the many surprisingly flavourful low or zero or [...]
British-made craft gin and English sparkling wine are now top sellers in M&S December 22, 2016 British-made craft spirits and wine are finally having their moment this year. Marks & Spencer declared British gin the spirit of Christmas 2016 after reporting more than a quarter of a million bottles of its eight new gins made in the UK have been sold following their release this autumn. Gin sales increased 150 per cent [...]