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Marks & Spencer

M&S's Rose faces stormy showdown with shareholders

reuters.co.uk     3 hrs ago   11 related          

LONDON (Reuters) - Marks and Spencer boss Stuart Rose, lauded for reviving the landmark retailer just a year ago, is battling to save his job after bungled management changes and a big profit warning. Newspapers have said that...

M&S shares jump amid bid gossip as Rose prepares to face investors

Sir Philip Green denies he is building a stake in the struggling retailer, while sales soar at rival Shares in Marks & Spencer jumped by more than 6 per cent yesterday ahead of what promises to be a stormy AGM today, after...

Rose faces barbs over M&S role

ft.com     7 hrs ago   21 related          

By Tom Braithwaite and Elizabeth Rigby As a curtainraiser, it risks outshining the main event. Sir Stuart Rose of Marks and Spencer jousted with his old sparring partner, Sir Philip Green, on Tuesday on the eve of the...

London markets in turmoil as bear pays a brief visit

scotsman.com     3 hrs ago   26 related          

Published Date: 09 July 2008 LONDON'S leading share index closed 1.3 per cent lower last night, erasing much of Monday's gains, as falls in heavyweight commodity stocks tracked crude and metal prices lower. The commodity-heavy...

Fireworks at M&S's AGM? Expect a damp squib

ft.com     1 hr ago   1 related          

The received wisdom is that British investors - as opposed to, say, their US or continental European counterparts - are powerful partners in the governance of companies. As the economic screws tighten on UK plc, that assumption...

Another day, another blizzard of bad economic news

The UK reeled under the latest blizzard of dire news from the housing market today as business leaders warned the country was on the brink of recession. The British Chambers of Commerce's (BCC) warning came as housebuilder...

We’re in for a soaking as deluge of bad news heralds recession

The slow drip-drip of bad economic news has turned into a daily downpour. Yesterday morning British shares entered a bear market; Persimmon, Britain’s biggest housebuilder, announced 1,100 job cuts; the Government reported...

CDS update: Jittery trade as spreads inch wider

ft.com     10 hrs ago   1 related          

The market for credit default swaps vacillated between cautious optimism and outright pessimism on Tuesday, as traders pondered the implications of falling oil prices, dire housing data, soothing words from Ben Bernanke and the...

Sir Philip Green sends the short-sellers into a spin

timesonline.co.uk     4 hrs ago          

Sir Philip Green has generated many and varied responses from people over the years, from love and admiration all the way over to the opposite end of the spectrum, but yesterday he came over all scary. Specifically, he affected...

Market forces: Mining shares hit amid falling copper prices

guardian.co.uk     4 hrs ago          

Mining companies were among the biggest losers yesterday as the FTSE 100 index slipped in and out of bear market territory. Overall the FTSE was down 1.3% or 72.2 points to close at 5440.5, some way clear of entering bear...

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