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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....
...Ian Lance, a fund manager at M&S shareholder Temple Bar Investment Trust, said the latest results “demonstrate that the strategy to reshape M&S is starting to deliver”....
...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....
...MainFT, last night: The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants...
...M&S struck a deal to buy half of Ocado Retail, the online supermarket, in 2019 as it sought to sell more food online....
...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....
...M&S and John Lewis, they will have to run faster.” M&S cannot afford distractions....
...I’m not sure what to think about this....
...Although Jacobson is perhaps brave to broach S&M — which also featured in The Act of Love, his 2008 tale of sexual obsession and, more controversially, in a concentration camp fantasy in Kalooki Nights (...
...Their low key M&A strategy also helps. Acquisitions, if they happen at all, are of the small, bolt-on variety....
...And I’m slightly sceptical that anyone else knows how to do it, either. But I’m open to suggestions....
...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....
...The stock has gained nearly 40 per cent over the past 12 months, outpacing the S&P 500’s 20 per cent rise....
...Partly because it’s been subject to some MainFT scrutiny as a potential M&A candidate recently....
...S&P declined to comment and Visible Alpha did not respond to a request for comment....
...“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....
...Alaska may not think about the deal in these exact terms, but this is a move where currency could prove a huge sweetener....
...The rest of the eurozone “saw the best performance . . . despite growth slowing slightly”, S&P said....
...WhatsApp to Stephen: Look I’m sure he’s a great guy but the point is that once you’ve established yourself as a corporate visionary, then you can start whanging on about futurism....
...For a stock that is expected to increase earnings below the S&P 500’s average pace this year and next, that’s still a lot....
...Dealing with the dividends doubters So, I’m not saying Daniel Peris got lucky....
...Let’s look at the S&P then, right? So you’ve got to be big. You’ve got to be liquid for the S&P 500. You also have to have a certain number of quarters of profitability in order to get in....
...S&P Global’s flash eurozone composite purchasing managers’ index, which measures business activity across the bloc, rose to an eight-month high of 48.9 this month, up from 47.9 in January....
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