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Stuart Rose

GMG chairman is new city minister

THE new City minister Paul Myners is the former chairman of Marks & Spencer, the author of three heavyweight independent reviews and chairman of the Guardian Media Group. Mr Myners joined M&S as a non-executive director in...

Marks and Spencer

How the mighty fall – then rise, then fall again. The icy mood enveloping UK high streets has exposed brutal questions about the real strength of ’s recovery under Sir Stuart Rose, after its late-1990s tumble from grace. Hop...

M&S cuts cloth as conditions for UK consumer worsen

LONDON (Reuters) - Marks & Spencer Plc is reining in investment, slashing costs and stepping up promotions amid signs of mounting pressure on UK consumers as banks tighten lending and house prices fall at the fastest rate for...

Pressure for rate cut after banks cut lending

The Bank of England was facing growing demands for a significant interest rate cut next week after its own findings showed the credit squeeze is set to get even worse. The Bank of England survey was done between August 26 and...

Marks and Spencer sees sales drop

M&S chief Sir Stuart Rose said the retail environment was unpredictable Sales at Marks and Spencer have fallen, as the retailer becomes the latest to suffer from tough conditions on the High Street. The company said UK...

M&S cuts spending as sales decline

By Lucy Killgren and Maggie Urry Sir Stuart Rose, executive chairman of Marks and Spencer, on Thursday said “there is no change in the dividend” as he reported a worsening trend in the retailer’s sales and a drop in gross...

British retail giant reports drop in sales

London, Oct 2 (DPA) British retail giant Marks and Spencer (M and S)reported Thursday a steep fall in sales over the summer months in a further sign of the economic downturn, figures showed. 'Consumer confidence remains fragile...

Marks & Spencer open Shanghai superstore

Marks & Spencer Group Plc, the U.K.'s largest clothing retailer, opened its first store in China as part of the company's efforts to boost revenue outside its home market as British consumer spending slows.

M&S's Rose plays down speculation on future

LONDON, Oct 2 (Reuters) - Stuart Rose, executive chairman of Marks&Spencer, said questions regarding his future at the British clothing, food and homewares retailer were 'not worth speculating on'. Speaking to reporters after...

M&S reveals worst performance for three years

Struggling retail giant Marks & Spencer today revealed deepening sales gloom with its worst performance for more than three years. The high street bellwether said like-for-like sales fell 6.1% in the 13 weeks to September 27...