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...One of the main architects of Marks and Spencer’s turnaround has credited its efforts to break the “vicious circle” of sticking with ageing customers for helping to revive the UK high street stalwart’s fortunes...
...He will be succeeded by vice-chair Archie Norman, chair of FTSE 100 retailer Marks and Spencer and a former Conservative party MP....
...A Marks and Spencer superapp would be catnip for investors and Middle England alike. Little wonder that a report claiming it was on the cards sparked the odd frisson....
...Marks and Spencer posted a better than expected performance in food and clothing over the Christmas trading period, in a further sign that its turnaround strategy is paying off after years of false dawns...
...Ocado has threatened legal action against Marks and Spencer as the two retailers clash over a final payment tied to their online joint venture....
...The remarks are an echo of those by Marks and Spencer’s chief executive Stuart Machin, who has described his team as “always positively dissatisfied”....
...Marks and Spencer co-chief executive Katie Bickerstaffe is stepping down after less than two years in the role, leaving Stuart Machin as the sole boss of the UK retailer....
...Marks and Spencer is to pay a dividend for the first time since before the pandemic as bumper food sales powered the UK retailer to a better than expected first-half profit....
...Spencer....
...Next has been a consistent outperformer, justifying its premium over rivals such as Marks and Spencer, which trades on just under 10 times forward earnings, versus 14.8 times for Next....
...Tesco and Marks and Spencer have emerged as two of the winners from the crucial Christmas trading period as their range of premium foods drove strong sales....
...Marks and Spencer has become the latest UK retailer to increase wages as large supermarket groups continue to battle to retain workers....
...The FTSE 100 company, which sells its robotic warehouses to other grocers worldwide and co-owns the eponymous online supermarket with Marks and Spencer, is seeking to change its pay plan as the previous...
...High street rival Marks and Spencer has been closing dozens of unwanted stores to prioritise new branches in more profitable locations....
...The move marks the reintroduction of a unit similar to one that was folded into another department in 2021 after former chief strategy and transformation officer Mike Sherman left the company....
...Marks and Spencer has won a legal challenge in the High Court against Michael Gove’s decision to stop the retailer from knocking down its Art Deco flagship store on London’s Oxford Street....
...HOLD: Saga (SAGA) The travel division of the insurer has returned to profit for the first time since the pandemic, writes Mark Robinson....
...GlobalData forecasts that rival Marks and Spencer will continue to gradually grow market share in the UK clothing and footwear sector out to 2027, while John Lewis’s share is expected to stagnate over the...
...Marks and Spencer is making a return to the FTSE 100 four years after it dropped out, in the latest sign of the changing fortunes of the UK retailer....
...venture with Marks and Spencer....
...The group still owns a wine estate, Vergelegen, in the hills of the Western Cape outside Cape Town....
...Investors believe mining company Anglo American is set to be bought or broken up even after the 107-year-old London-listed group rejected a £31bn hostile takeover approach from Australian rival BHP....
Legal & General and Abrdn criticise offer as undervaluing UK-listed miner
...Tarry joins at a time when John Lewis is under pressure to compete with rival Marks and Spencer, which GlobalData forecasts will continue to gradually increase its market share in the UK clothing and footwear...
...The Dutch-listed company, which has market value of €10.3bn, is turning to former Marks and Spencer chief executive Luc Vandevelde to be chair and interim chief executive, according to people with direct...
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