FTSE 100 Live: Stocks to fall as Hormuz strikes revive security threat; Asian markets hit by tech sell-off after Apple price hike
I recreated all my favourite TV tropes, from crawling through pipes to being two kids in a trenchcoat
M&S steps up drive for sustainability March 1, 2010 MARKS & Spencer yesterday unveiled plans to ramp up its eco-credentials by opting for more sustainable ingredients and agreeing a living wage for suppliers in its bid to become the world’s most sustainable retailer by 2015. M&S said its new plan would extend green targets introduced by the company in 2007, helping to make the [...]
M&S boss in new pressure to cut salary February 28, 2010 MARKS & Spencer’s (M&S’s) joint chief executive and chairman Sir Stuart Rose has seen renewed investor demands to reduce his pay in the latest shareholder salvo against executive pay deals. Rose, who assumed the joint title of chairman and chief executive last year, could see his £1.13m salary reduced by investors after an ongoing and [...]
GlaxoSmithKline and British American Tobacco under pressure as FTSE falls February 22, 2010 BRITAIN’S top share index closed slightly lower yesterday, snapping a five-day winning streak, as weakness from defensive stocks countered gains from banks ahead of more results from the financial sector later in the week. The FTSE 100 closed down 6.10 points, or 0.1 per cent, at 5,352.07, having closed up 0.6 per cent on Friday [...]
M&S launches home energy unit February 14, 2010 Marks & Spencer will offer 30,000 of its staff free home insulation as part of its launch of a home energy services division. The firm’s new venture will also provide bespoke energy advice as well as renewable energy products such as solar panels and heat pumps. Marks & Spencer said if all eligible staff took [...]
Why the London Stock Exchange’s French boss is taking on the world February 14, 2010 L ONDON’s financial services community has a new champion: Xavier Rolet, the 50-year old French banker who took over as the London Stock Exchange’s CEO last year. Unlike many British commentators, who seem desperate to talk down one the UK’s most important industries, Rolet realises how important a prosperous City is to the UK and [...]
WHAT THE OTHER PAPERS SAY THIS MORNING February 8, 2010 FINANCE TIMES DE SHAW MOBILISES TEAM TO BUY DISTRESSED ASSETS OF FUND RIVALS DE Shaw, the third largest hedge fund, has established an in-house team to look at buying portfolios of distressed assets and is targeting the holdings of rival hedge funds. The DE Shaw Portfolio Acquisitions Unit, launched last year, aims to capitalise on [...]
Rose: We had to pay Bolland his £15m golden handshake February 7, 2010 THE outgoing head of Marks & Spencer has defended the £15m “golden hello” offered to his successor Marc Bolland. Sir Stuart Rose, who will be replaced by Bolland in May, said M&S needed to pay the sum in order to remain competitive. He told a Sunday newspaper: “At the end of the day, if you’re [...]
Lucky Leo can star at Donny February 4, 2010 LAST weekend’s meeting at Doncaster was frozen off, so let’s hope the weather doesn’t disrupt tomorrow’s action. KALAHARI KING, runner-up in last season’s Arkle Chase, carries top weight in the feature contest, the Blue Square Handicap Chase. Ferdy Murphy’s stable star heads the field of 15 in the £70,000 contest and will take some stopping [...]
CITY MOVES | WHO’S SWITCHING JOBS February 4, 2010 Betfair Ian Dyson, finance director of retail giant Marks and Spencer, has taken up a new non-executive directorship at the betting firm. Dyson, who joins the Betfair board immediately, joined M&S in June 2005 as group finance director, becoming group finance and operations director in 2008. He was also formerly finance director at the Rank [...]
Bolland given £15m mission to save M&S February 1, 2010 THE OUTGOING boss of supermarket chain Morrisons is set for a “golden hello” worth up to £15m after accepting one of the toughest missions on the high street – to turn around Marks and Spencer. Dutch Marc Bolland will receive the package in pay, bonuses and compensation for giving up his previous job when he [...]