Former Marks & Spencer boss Lord Stuart Rose backs Select Property Group August 24, 2015 There is a new new retail club in town and it’s called Select Property Group. Former Marks & Spencer chairman Lord Stuart Rose has emerged as a surprise backer in the privately-owned developer, which operates a swathe of student housing and is about to launch its first block of serviced flats in Manchester. He has [...]
Retail supplier Li & Fung hit by slow shopping August 21, 2015 SLOWING consumer demand in Europe and the US triggered a fall in retail supplier Li & Fung’s profits this half-year, the company said yesterday. The Hong Kong-based exporter, which supplies stores in the UK such as Primark and Marks and Spencer, said core operating profits fell by a fifth to $182m (£130m) from $227m for [...]
Marks & Spencer’s share price tumbles as womenswear boss Frances Russell leaves August 13, 2015 Marks & Spencer's share price has fallen by almost two per cent this morning on the news of yet another shake-up at the troubled high street chain that will see its womenswear boss Frances Russell step down. Russell, who has led the womenswear business for three years, will be replaced by M&S’s lingerie boss [...]
M&S shake-up sparks chaos at troubled chain August 13, 2015 THE KNIVES are out at Marks & Spencer after a shake-up at the troubled high street chain that has claimed womenswear boss Frances Russell as its victim. Russell, who has led the womenswear business for three years, has been replaced by M&S lingerie boss Jo Jenkins, who has been promoted to the expanded role of [...]
Jerky Group and Cruga form beef snacks empire August 4, 2015 THE JERKY Group has merged with biltong and meat snacks-maker Cruga to create the largest beef snack manufacturer in Europe with combined turnover of around £12m. Founded in 2000, The Jerky Group’s brands include Wild West Jerky, Hogbites pork crackling and BullOx Biltong. It also produces Dragon’s Den entrepreneur Joe Walters’ beef jerky brand Texas [...]
The Jerky Group and Cruga merge to create £24m beef snacks empire August 3, 2015 The Jerky Group has struck a deal to merge with biltong and meat snacks-maker Cruga to create the largest beef snack manufacturer in Europe with a combined turnover of around £12m. Founded in 2000, The Jerky Group’s brands include Wild West Jerky, Hogbites pork crackling and BullOx Biltong. It also produces Dragon’ Den entrepreneur Joe Walters’ [...]
Next’s share price jumps as it raises profit forecast after better than expected first half July 28, 2015 Next's share price jumped 1.4 per cent this morning, after raising its profit guidance for the full year following better than expected sales in the first half of this year. The high street chain is really showing Marks & Spencer how to do it. While its high street rival is struggling to get its [...]
Marks & Spencer leading the FTSE losers: Why clothing boss John Dixon’s departure gives M&S two major headaches July 17, 2015 Marks & Spencer is leading the FTSE 100 losers this morning, after it confirmed its executive director of general merchandise John Dixon had quit. M&S' share price opened down, and has continued to tumble throughout early trading. At pixel time, itwas down 1.3 per cent. When Dixon took up the role in [...]
Marks & Spencer’s share price tumbles as head of general merchandise John Dixon quits July 17, 2015 Marks & Spencer's head of general merchandise John Dixon has quit the business after three years in the role, prompting the retailer's share price to tumble in early trading. Dixon "has decided to leave the business to pursue career opportunities outside of the company", the retailer said this morning. He will step down from [...]
Apple Pay: How does it work and is it any quicker? A guide for the new contactless payment system July 15, 2015 Apple Pay has finally arrived in the UK. Well, sort of. If you have the right iPhone and the right bank and you shop in the right place and if the sun is shining at just the right angle – then you can use Apple Pay (okay, we made the bit about the sun up). [...]