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...Vandevelde, 73, is presently a director at the company and will replace chief executive Fabien Simon at the start of April on an interim basis and lead a search for a new CEO....
...A December charter agreed by industry resulted in a pause of non-voluntary migrations to digital landlines....
...The UK construction industry returned to growth in March after contracting for six months, according to a closely watched survey....
...M&S’s contract with HSBC, which owns M&S Bank, is up for renewal. M&S is likely to push for more control and a bigger cut of the spoils....
...Nestlé chief executive Mark Schneider said he had expected a slow start to the year but that there would be a “strong rebound” in real internal growth in the second quarter of the year....
...Bickerstaffe joined M&S as a non-executive director in 2018 and moved into an executive role in 2020 before becoming co-chief operating officer in 2021. She is the first female boss in M&S’s history....
...Plus we’ll explain why a move by a group of college athletes to unionise is a potential game-changer for the multibillion dollar industry....
...Primark is the market leader by volume and Next is a close number two to M&S by value, they added....
...M&S struck a deal to buy half of Ocado Retail, the online supermarket, in 2019 as it sought to sell more food online....
...No global financial crisis putting the foundations of the industry at risk. Their low key M&A strategy also helps. Acquisitions, if they happen at all, are of the small, bolt-on variety....
...Year-to-date things are looking only slightly better, with US equity long/short hedge funds trailing the S&P 500’s continued surge by about one percentage point. That’s all fine....
...The announcement comes after more than 9,200 M&S employees were told last month they were set to receive bumper share payouts, thanks to a share save scheme, as the retailer’s turnaround continued....
...the capital’s premier shopping district,” M&S said in a statement....
...10-year plan, known as the National Biodiversity Economy Strategy, envisages particular financial benefits for Black communities historically excluded from the white-dominated wildlife and conservation industries...
...Jeffrey S Merrifield is a former Commissioner of the US Nuclear Regulatory Commission (1998-2007), leads the nuclear practice at Pillsbury Law Firm, and chairs the US Nuclear Industry Council When I started...
...The S&P Global/Cips UK construction purchasing managers’ index, a measure of the health of the industry, rose to 50.2 from 49.7 in February, the fourth consecutive month-on-month increase....
...“M&S has a history of overpromising and underdelivering.” The strong performance from Tesco and M&S comes a day after rival J Sainsbury disappointed investors with weak general merchandise sales....
...L’Occitane trades at 15 times next year’s earnings; Paris-listed L’Oréal is above 30, according to S&P Capital IQ....
...If you take the Magnificent 7 out of the S&P 500, its multiple moves from 22 to 19. The S&P 350 is at 14....
...Even after Monday’s jump, Philips trades on 15 times 2025 earnings, on S&P Capital IQ estimates. Siemens Healthineers, a peer, is on a 33 per cent premium, at 20 times....
...Both the S&P 500 and FTSE 100 indices have beaten that. En primeur investment returns have been poor....
...As of April 2024 they had amassed a record $2.63tn in “dry powder” — unspent cash reserves, according to S&P Global Market Intelligence — up from $2.3tn in December....
...“Non-US stocks typically trade at a discount to US stocks and today that discount is deeper than it has been in a long time,” Kraus said, adding that the S&P 500 was now at a 12-month trailing price/earnings...
...Oil markets are set to become “extremely tight” in the second half of this year, according to hedge fund giant Citadel, as Opec+’s control of the market allows it to keep prices high....
...Traditionally, oil prices go up a lot and stock markets go down a lot. Back in the 1973-74 Middle East crisis, in association with an Opec embargo, oil rose 300 per cent. The S&P 500 index halved....
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