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M&S to hit £1 billion profit but with no bonus for Sir Stuart Rose

timesonline.co.uk
17-May-2008
        
Story Timeline:  149 days

The high-street giant Marks & Spencer is likely to announce it has made profits of more than £1 billion – last seen a decade ago – when it reports annual results this week. However, the board directors, led by Sir Stuart Rose, will miss their bonus. The reduced payouts will hit staff morale,... [read full story]                    

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Latest article on this story:

M&S to break with 100-year-old tradition and sell big brand foods

 dailymail.co.uk 20-May-2008
First article on this story:

He saved M&S. But Sir Stuart Rose will be a tough act to follow

 independent.co.uk 17-May-2008
Selected publications with coverage of this story:
independent.ie reuters.com inthenews.co.uk manchestereveningnews.co.uk tiscali.co.uk channel4.com telegraph.co.uk reuters.co.uk earthtimes.org itn.co.uk scotsman.com bbc.co.uk
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dailymail.co.uk: M&S fashion dailymail.co.uk

M&S to break with 100-year-old tradition and sell big brand foods

dailymail.co.uk
20-May-2008
        

Marks & Spencer is to bust a 100-year-old tradition with a plan to sell big brand foods for the first time. Welcome news: M&S has posted its highest annual profits for a decade The move to introduce the big brands comes as the company tries to boost its share of the UK grocery market to 5per...

M&S pre-tax hits £1bn

ft.com
20-May-2008
        

Stuart Rose, fresh from the Chelsea Flower Show, displayed his usual ebullience during Tuesday’s presentation of Marks & Spencer’s annual results. The UK retailer notched up 5 per cent sales growth in the year ending in March and over £1bn in pre-tax profits, a milestone last reached a decade...

Bonuses slashed as Marks makes £1bn

icnetwork.co.uk
20-May-2008
        

Marks & Spencer's annual profits have topped £1 billion for the first time in a decade, but staff failed to cash in after the retail giant slashed bonus payouts. The company's 62,000 customer assistants - who gained up to £500 last time - will see payouts fall by half to a maximum of £250. Chief...

UK & World News: Bonuses slashed as Marks makes £1bn

icnetwork.co.uk
20-May-2008
        

Marks & Spencer's annual profits have topped £1 billion for the first time in a decade, but staff failed to cash in after the retail giant slashed bonus payouts. The company's 62,000 customer assistants - who gained up to £500 last time - will see payouts fall by half to a maximum of £250. Chief...

Bonuses slashed as Marks makes £1bn

gazettelive.co.uk
20-May-2008
        

Marks & Spencer's annual profits have topped £1 billion for the first time in a decade, but staff failed to cash in after the retail giant slashed bonus payouts. The company's 62,000 customer assistants - who gained up to £500 last time - will see payouts fall by half to a maximum of £250. Chief...

Bonuses slashed as Marks makes £1bn

jpress.co.uk
20-May-2008
        

Marks & Spencer's annual profits have topped £1 billion for the first time in a decade, but staff failed to cash in after the retail giant slashed bonus payouts. The company's 62,000 customer assistants - who gained up to £500 last time - will see payouts fall by half to a maximum of £250....

                   

M&S profits hit £1bn

mad.co.uk
20-May-2008
        

Marks & Spencer has reported pre-tax profits of more than £1bn as it warns that market conditions will "remain difficult for the foreseeable future. It says that like-for-like sales in both food and clothing were both down for the year to March 29. The retailer reported that sales overall were up...

inthenews.co.uk: Marks & Spencer profit up inthenews.co.uk

M&S profit hits £1bn

inthenews.co.uk
20-May-2008
        

Marks & Spencer pre-tax profit jumped over £1 billion last year, but there will be no bonus, chief executive Stuart Rose said. This represents the first time the company has delivered over £1 billion of profit before tax for a decade and is a 20.5 per cent rise from last year. However, the...

M&S boss Sir Stuart Rose should enjoy the £1bn profit while it lasts

telegraph.co.uk
20-May-2008
        

By James Hall, Retail Editor So Marks & Spencer's profits have hit the fabled £1bn mark - but at what cost? Pre-tax profit came in at £1.007bn, ahead of analysts' forecasts. The figure ensures that Sir Stuart Rose, M&S's chief executive for the last four years, steps up to the chairman's role...

                   

Rose plays down fears as M&S hits £1.1bn

thisismoney.co.uk
20-May-2008
        

The profits of just over £1bn for the year to March 29 were 4.3% ahead of last year, but came alongside a 1.7% fall in like for like sales during the final three months of the year - the second successive quarter of sales declines after a disappointing Christmas. Chief executive Sir Stuart Rose...

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