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...(FT) News round-up Chip and phone supply chain shaken as Huawei faces mortal threat (FT + Lex) Marks and Spencer to axe 7,000 jobs over next three months (FT) Tech investor Kevin Hartz joins Spac boom...
...By striking deals with famous people young Brits can identify with, it has eclipsed well established British brands like Marks and Spencer and rival online retailer Asos....
...The announcement knocked the price of bitcoin by more than 5 per cent from about $9,200 to less than $8,700....
...As WSJ's Spencer Jakab described nicely at the time, DryShips -- run by George Economou, the equity trader's white whale -- raised cash by issuing millions of new shares at a discount to a Bermuda-based...
...Thursday’s corporate calendar includes Marks and Spencer, Tesco, Asos, Booker, AO World, Barratt Developments, Premier Oil, Hays and Jupiter....
...“Open outcry doesn’t exist any more — the 5,500 people are down to 400.”...
...● Once the go-to destination for wardrobe staples, UK stalwart Marks and Spencer has lost its magic and sparkle and ended up muddled and staid....
...Marks and Spencer added 2.2 per cent to 480.6p, Sports Direct gained 1.9 per cent to 698p and Next rose 1.4 per cent to £63.20. The BRC said Furniture and Flooring was the best performing category....
...The Navarra-based company last week saw 28.9 per cent of its investors vote against its remuneration report and has said it will take recommendations from Spencer Stuart, the consultant, over the structure...
...Knight Vinke owns 1.5 per cent of Carrefour....
...With Marks and Spencer having opened its first store in Paris this week, Carrefour will be able to keep a close eye on the progress of Marc Bolland, M&S chief executive, as he re-establishes the UK retailer...
...Last month, I bought some 13.5 per cent 2025 contingent convertible bonds in Yorkshire Building Society, at a yield of 11.5 per cent....
...Fresh snowfalls across Britain weighed on the retailers, with Marks and Spencer down 1.7 per cent to 375½p, Next off 1.8 per cent to £19.85 and Dixons Retail 4.5 per cent weaker at 24¼p....
...Marks and Spencer was down 0.7 per cent to 399p, while Debenhams fell 2.8 per cent at 81¾p....
...Turnover rose 22.5 per cent to £2.6bn, and pre-tax profits, including discontinued operations, rose 13.5 per cent to £194m. Earnings per share rose 5.8 per cent to 16.4p....
...Liberty International was off 5.4 per cent to 655p and Land Securities fell 2.5 per cent to £11.04. Hammerson slid 2.2 per cent to 699p....
...Marks and Spencer lost 2.3 per cent to 387¼p in the wake of Friday’s warnings from New Look and Arcadia. of weak sales growth....
...Marks and Spencer dipped 2.7 per cent to 352¼p even though Capital Research & Management declared a raised stake of 5.5 per cent....
...He himself believes in keeping chairman and chief executive roles apart – no Marks and Spencer-style executive chairmanship for him....
...●Having called the recovery in Marks and Spencer after Christmas, Stuart Rose will deliver his third set of annual results as the group’s chief executive....
...They will work with GLG to expand sales in Germany and the Gulf region, while Mr Green retains a 1.5 per cent stake....
...Over the past 10 years, the average return has been a phenomenal 39.5 per cent....
...Having delivered underlying sales down 5.3 per cent last year, he has got a soft comparative to beat. But his figures will no doubt excite this week....
...Brandes, the US value investor, capitalised on the rally by placing 1.9 per cent of its M&S stake in the market at 500p a share, gaining £160m as it whittled down its holding to 13.5 per cent....
...JP Morgan is forecasting underlying sales in general merchandise to be down 5.3 per cent, against a fall of 8.5 per cent in the first quarter....
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