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...Asda and EG have worked to bolster their governance in recent years, bringing in UK retail veteran Lord Stuart Rose as chair of both companies and former Land Securities chair Dame Alison Carnwath as chair...
...Email: stuart.kirk@ft.com; Twitter: @stuartkirk__...
...Chief executive Stuart Machin must hope that today’s number one, Taylor Swift’s “Is it over now?” does not presage how his efforts will pan out. Maintaining the momentum for change will get harder....
...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....
...At Stuart Shave’s Modern Art on Helmet Row, off Old Street, we recently saw a beautiful group show that included some of our favourite artists, including Lucian Freud, Leon Kossoff, Lubaina Himid and Michael...
...Email: stuart.kirk@ft.com; X: @stuartkirk__...
...The profit was built on a tripling of revenues that rose to £12.5bn due to higher gas and electricity prices and a growth in customer numbers....
...In the Middle East, it’s all about rose petal variants, shisha-style. But I’m told “energy drink” flavour is about to go viral....
...Lord Stuart Rose, who chairs both Asda and EG, said that the transaction was primarily meant to turn Asda into “a new retail champion in the UK”....
...M&S said like-for-like food sales rose 9.9 per cent to £2.3bn in the 13 weeks to December 30, ahead of the 6.6 per cent expected....
...Like-for-like food sales rose 9.9 per cent in the most recent third quarter; clothing and homeware was up 4.8 per cent on the same basis....
...Also, my favourite ESG sceptic, Stuart Kirk writes that “we are all hypocrites on corporate governance”....
...Davies’ eight-year stint as chair is due to end next year, with the board having enlisted headhunters Spencer Stuart to find a successor several months ago, according to people with knowledge of the process...
...“The big Gulf carriers continue to believe strongly in the superconnector model and therefore anticipate some growth,” said Edmond Rose, an aviation consultant who works in the region....
...Dog roses are native but otherwise roses, like so much of UK flora, come from elsewhere: dahlias from Mexico, regal lilies from China, roses from Asia, elderberry from North America, to name but a few....
...Profits rose to £475.7mn from £391.7mn for the year to April 2023, while sales rose 9.9 per cent to almost £12bn....
...While the latest deal will help EG cut its $9bn debt pile, Lord Stuart Rose, who chairs both businesses, said the main driver was to turn Asda into a “UK retail champion” and rejected suggestions that the...
...Pre-tax profits rose to £475.7mn from £391.7mn....
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