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InterviewArtificial intelligence
BCG says AI consulting will supply 20% of revenues this year
...BCG is working with global tech giants and AI companies — from Microsoft and Google to OpenAI and Anthropic — to integrate their technology into company operations and processes....
April 23, 2024
Inside BusinessSujeet Indap
Delaware, Inc agonises about Musk backlash as its lawyers seek changes
...Still, Delaware, Inc is going to have to decide whether its brand should be based on being an even-handed, dispassionate system or something more corporate-friendly, designed to keep up in a regulatory race...
April 23, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
News updates from January 11: US inflation edges up more than expected, Chesapeake and Southwestern to combine in $7.4bn deal
Marks and Spencer food and clothing sales rise more than expected
...Like-for-like sales of clothing and home goods rose 4.8 per cent to £1.2bn, above expectations of 2.8 per cent, partly because the company offered fewer discounts....
January 11, 2024
Lex PopuliMarks & Spencer Group PLC
M&S ‘superapp’ will need a long shelf life
...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....
March 21, 2024
Lex PopuliInvestments
If you like a company, should you buy its shares?
...As they garner more information about their companies — assuming it is positive — they hold fast. Of course it cuts both ways....
April 19, 2024
News updates from November 8: Iger pledges another $2bn in Disney cost cuts, Draghi delivers downbeat EU forecast
Marks and Spencer restores dividend as food sales soar
...The company said on Wednesday it made pre-tax profits of £326mn, up from £208mn in the same period last year, on the back of an increase of almost 15 per cent in food sales....
November 8, 2023
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
Marks & Spencer Group PLC
Marks and Spencer to pay first post-pandemic dividend
...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....
November 8, 2023
Marks & Spencer Group PLC
M&S co-chief executive Katie Bickerstaffe to step down
...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....
March 7, 2024
Microsoft Corp
Microsoft looks beyond Xbox hardware for gaming growth
...“We are seeing good subscription momentum on PC and cloud,” Spencer said....
February 15, 2024
LexNetflix Inc
Streaming wars are over and Netflix won Premium content
...Not only has the operating margin recovered but chief financial officer Spencer Neumann is predicting a margin of up to 24 per cent this year — a new high for the company....
January 26, 2024
Ocado Group PLC
Ocado threatens M&S with legal action over joint venture payment
...Ocado has threatened legal action against Marks and Spencer as the two retailers clash over a final payment tied to their online joint venture....
February 29, 2024
News in-depthJohn Lewis Partnership PLC
How John Lewis and M&S are faring in the battle for Middle England
...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”....
March 16, 2024
Netflix Inc
Netflix’s subscriber sign-ups blow past Wall Street expectations
...“Our historical bias is to build and not buy,” said Spencer Neumann, chief financial officer, in a video call with analysts....
January 24, 2024
Apple Inc
Apple removes WhatsApp from China store under pressure from Beijing
...But the company was ultimately unable to get permission to operate locally....
April 19, 2024
Apple Inc
Apple rivals lobby EU over App Store dominance
...that Apple has put forward are very prohibitive to us actually creating a meaningful alternative to the one store that’s available on the world’s largest gaming platforms, which are mobile phones,” Phil Spencer...
February 21, 2024
FT Live
Innovative Lawyers Awards Asia-Pacific
Celebrating innovations from both law firms and in-house teams in the region
Thursday, 16 MayHong Kong
Due Diligence
The billionaire, TikTok and Trump Premium content
...SIG’s playbook is to bet small amounts of money on a lot of companies....
April 24, 2024
Marks & Spencer Group PLC
M&S joins other grocers in raising employees’ hourly pay
...Marks and Spencer has become the latest UK retailer to increase wages as large supermarket groups continue to battle to retain workers....
February 27, 2024
News updates from March 26: Baltimore road bridge collapses; Trump’s social media business soars in market debut
Risers and fallers in Europe
...company slipped 7 per cent after it reported a net loss of €3.4bn last year, up sharply from a €1bn loss in 2022....
March 26, 2024
Gillian Tett
Companies must rethink how they handle cyber risk
...The CIA’s Patel says more companies are waking up to the dangers. “Since the Russia-Ukraine conflict, the private sector has been much more forward-leaning,” she notes....
April 18, 2024
Marks & Spencer Group PLC
M&S wins legal challenge against government over Oxford Street store
...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....
March 1, 2024
UK retail results
Tesco and M&S emerge as winners from Christmas trading
...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....
January 11, 2024
Inside BusinessAnjli Raval
Why CEO succession is so difficult to get right
...It allows companies to build the talent pipeline to avoid the disruption and cost of an external hire....
April 22, 2024
LexElectric vehicles
Slumping EV sales should not ring alarm bells in Europe — yet Premium content
...Sales of higher-margin combustion engine vehicles help with cash flows while the legacy European companies invest in electric models. The question is how long the breathing space will last....
April 23, 2024
News updates from March 8: US adds 275,000 jobs in February; Bitcoin and gold touch new highs
JDE Peet’s replaces CEO and chair with ex-M&S boss Luc Vandevelde
...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...
March 8, 2024
Workplace diversity & equality
UK boards prioritised experience over diversity last year, says headhunter
...Boards prioritised candidates with experience running publicly listed companies as they contended with destabilising events such as the Russia-Ukraine war and high inflation, according to headhunter Spencer...
October 17, 2023

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