Shopping around is the future of law June 1, 2010 COMMENTATORS talk excitedly about “Tesco Law” and the ongoing liberalisation of legal services as though it were a latter day gold rush led by big name supermarkets and banks. But what is it that consumers want? New research suggests that there is little enthusiasm on the part of the public to associate legal services with [...]
The grocer who says this year will test retailers as well as shoppers May 31, 2010 Much like the rest of the country, the chief executive of the country’s third largest supermarket group is trying to make up his mind about the coalition government. At the start of the election campaign Sainsbury’s boss Justin King was one of many who backed Tory plans to scrap national insurance hikes for employers, a [...]
EX-SEYMOUR PIERCE BOSS COMES OFF THE SLOPES AND BACK TO CITY May 25, 2010 IT was only going to be a matter of time before Richard Feigen popped his head back over the proverbial parapet after resigning from broker Seymour Pierce at the turn of the year. Feigen, one of the best-known corporate financiers in the City, handed in his notice in January following a month-long internal investigation at [...]
M&S sees 5pc profit jump as Rose moves on May 25, 2010 MARKS & Spencer yesterday reported a rise in profits as new chief executive Marc Bolland prepared to take over the reins at the high street giant. The figures were the last to be presented by outgoing chief Sir Stuart Rose, who said the handover was going “smoothly”. M&S recorded a pre-tax profit of £632m for [...]
Dyson to take over at Punch May 25, 2010 IAN Dyson will take over as Punch Taverns’ chief executive in September. The current finance head of Marks & Spencer (M&S) will take up the challenge of being boss of the UK’s largest pub company. Punch’s chief executive, Giles Thorley, will stay on board “until an orderly handover has been completed”, Punch said in a [...]
M&S records £632m profit May 25, 2010 MARKS & SPENCER has recorded a pre-tax profit of £632m for the year to the end of March. The figure represented a 4.6 per cent rise on the year before. M&S chairman Sir Stuart Rose said the results showed the economy was going in the right direction but that “the recession is not over” for [...]
Race for M&S chair takes on new urgency May 23, 2010 ROGER CARR has ruled himself out of the running for the role of chairman at Marks & Spencer (M&S), while it is believed current chairman Sir Stuart Rose may quit earlier than expected. Carr, who announced his departure from Cadbury in February, is said to be looking abroad for his next corporate post. His withdrawal [...]
Marks and Spencer May 23, 2010 SHAREHOLDERS were understandably miffed when Sir Stuart Rose announced his intention to stay on as executive chairman of Marks & Spencer. They were told that the power grab would ensure an smooth transition when Rose stood down; the succession at Britain’s favourite retailer has been anything but. New chief executive Marc Bolland has arrived, but [...]
Spencer: Cash equities unit was a failure May 20, 2010 ICAP boss Michael Spencer told analysts the inter-dealer broker’s venture into cash equities was its “biggest failure in a decade” yesterday as it reported a 13 per cent drop in profts. Icap closed its fledgling European and Asian stockbroking businesses in March after the loss-making division caused the group to issue a shock profit warning. [...]
ICAP profits down but beats forecasts May 19, 2010 ICAP – the world’s biggest interdealer broker – said active and volatile markets enabled it to make a good start to its financial year after posting a five per cent drop in full-year pre-tax profit, beating expectations. Concerns about Greece and a massive rescue package for the debt-laden country have led to wide swings in [...]