Skip to content
CityAM
Main navigation
Sign Up
  • News
    • Latest News
    • Property
    • Media
    • Technology
    • Retail and leisure
    • Transport and infrastructure
    • Law & professional services
    • Legal Notices
    • Banking
    • Politics
    • CFA Institute Talk
  • Markets & Economics
    • Markets & Economics News
    • Economics
    • Markets
    • The Trend Micro Cybersecurity Knowledge Hub
    • Talk Crypto
    • M&A Talk
  • Crypto A.M.
    • Crypto News
    • Crypto Magazine
    • Crypto AM Summit & Awards 2022
  • Opinion
    • Features
    • Letters
    • The City View
  • Money
    • Jobs and Money News
    • Personal Development
    • Jobs
    • Fintech
    • Money
    • Personal Finance
    • Take control of your finances with these eight services
    • Warwick Business School
  • Unwind
    • Life & Style
    • Sport
    • The Punter
    • The Magazine
    • Travel
    • Sport Business
    • The Punter Podcast
    • Culture
    • Six Nations 2023
    • LIV Golf
    • Aramco Team Series
  • Impact A.M.
    • Impact A.M.
    • The DiverCity Podcast
    • Partner Hubs
  • Latest Paper
  • Jobs
  • CityAM Awards 2023
  • Charity

Steve Rowe

  • Marks & Spencer shares fall as profits decimated amid restructuring efforts

    Profit before tax at retailer Marks & Spencer fell nearly ten per cent in the last financial year, it said today as it announced plans to close 85 stores.  The figures M&S said profit before tax for the year to 31 March was £532.2m, down 9.9 per cent from £580.9m the previous year. Revenue fell [...]

  • M&S braced for fresh decline in profits as store closures continue

    Marks & Spencer is set to report a sharp decline in profits for the full year as it looks to beef up its online offering amid a raft of store closures. The high street stalwart is expected to post pre-tax profits of roughly £520m in its full-year results of Wednesday, a fall of 10 per cent on [...]

  • Marks & Spencer investors suffer dividend blow as retailer nets food delivery service in £750m Ocado venture

    Shareholders hammered Marks & Spencer’s shares this morning as it became clear the retailer plans to hit up investors to fund a £750m food delivery venture with Ocado. M&S’s stock dropped 9.2 per cent to 303p as it confirmed plans to raise £600m through a rights issue as well as knocking down shareholders’ dividend. The [...]

  • Ocado investors set to quiz boss Tim Steiner over M&S food delivery deal

    February 3, 2019

    Ocado boss Tim Steiner will be in the spotlight this week as he delivers the firm’s annual results amid reports of a possible partnership with Marks & Spencer. The two companies are said to be in talks over a food delivery partnership that would see the retailer use Ocado’s warehouses and delivery lorries. Read more: Ocado [...]

  • Ocado and Marks & Spencer see shares rise on reports of food delivery partnership

    January 28, 2019

    Shares in Marks & Spencer and Ocado were up this morning following reports the firms are in talks over a possible food delivery partnership. Ocado and Marks & Spencer saw their shares rise five per cent and one per cent respectively in early trading after it emerged the retailer could sign a deal to use [...]

  • Tesco and M&S reveal stockpiling amid concerns of a ‘no deal’ Brexit

    January 12, 2019

    Two of the UK’s biggest supermarkets have revealed they are stockpiling food in case of a “no deal” Brexit. Both Tesco and Marks & Spencer have confirmed they are stockpiling long-life food such as packets and tins ahead of the UK leaving the EU on March 29. M&S chief executive, Steve Rowe, admitted his company’s [...]

  • Marks & Spencer blames weak consumer confidence for drop in Christmas sales

    January 10, 2019

    Sales slumped at Marks & Spencer over the key Christmas shopping period, the retailer said today, as analysts criticised its "outdated" business model for an over-reliance on high street shoppers. The figures Like-for-like UK sales fell by 2.2 per cent year on year in the three months to the end of December to hit £2.78bn. [...]

  • In comes the king: M&S hires Sainsbury’s veteran Justin King as non-exec director

    December 11, 2018

    Retail chief Justin King has re-joined the Marks and Spencer board as a non-executive director. The former Sainsbury's boss, who is the fourth new hire for the M&S boardroom in the last year, will continue to serve as vice chairman of Terra Firma as he takes on the new role in January.  King has built [...]

  • Food can’t save M&S as it posts weak results again

    November 8, 2018

    High street bellwether Marks and Spencer issued another disappointing set of figures yesterday and warned that sales are unlikely to pick up any time soon. Shares closed down 0.5 per cent, having been over three per cent down earlier in the day. M&S warned of tough trading conditions due to fierce competition from online competitors [...]

  • Shareholders need to hear more than just contrition if they are to believe in the future of M&S

    November 8, 2018

    Another day, another bleak set of results from a struggling high street retailer. This time it was the turn of M&S to take centre stage, reporting falling food and fashion sales and pledging to leave “no stone unturned” in its bid to restructure the business. Blighted by rising costs, more competition, and major changes in [...]

Trending Articles

  • Nearly every sector of UK economy powers away from feared recession

  • London proves Brexit doubters wrong to clinch Europe finance crown

  • UK inflation leaps to 10.4 per cent smashing Bank of England and City forecasts

  • FTSE 100 close: London index slips after of Bank of England interest rate hike

Subscribe

Subscribe to the City A.M. newsletter to have our top stories delivered directly to your inbox.

Subscribe
  • About us
  • Advertising
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • News
  • Markets & Economics
  • Opinion
  • Jobs and Money
  • Unwind
  • Crypto A.M.
  • The Punter
  • COP 26
  • Awards 2023

Follow us for breaking news and latest updates

  • Newsletters
  • Latest paper
  • Advertising
  • CryptoAM.io
  • Awards
  • About
  • Tickets
Copyright 2023 City A.M. Limited