The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksDC..L Share News (DC.)

  • There is currently no data for DC.

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

M&S Names Former Dixons UK Boss Bickerstaffe As Strategy Chief

Wed, 05th Feb 2020 14:34

(Alliance News) - Marks & Spencer Group PLC on Wednesday named Non-Executive Katie Bickerstaffe as its chief strategy & transformation director.

She was appointed to M&S's board in 2018, and was formerly the chief executive of Dixons Carphone PLC's UK arm. She will take up M&S's strategy role on April 27.

M&S Chief Executive Steve Rowe said: "Katie has been a great help to me and the wider management team in her role as a non-executive director and I am delighted that she will now be part of the executive team. Her experience in leading roles at UK food and non-food retailers and track record of delivering large-scale change will be invaluable as we accelerate our transformation."

She has also served on the board of SSE PLC as a non-executive director and has held roles with retail and consumer goods stalwarts PepsiCo and Unilever PLC.

Once a high-flying high street outfit, M&S has endured a difficult time of late.

The company in October admitted that the turnaround of its ailing clothing and home business was "behind schedule".

The unit has long been dogged in difficulty. Over the 13 weeks to December 28, a key trading period which included Christmas, the division had a 3.7% sales fall, or 1.7% on a like-for-like basis.

During the six months to September 28, revenue in Clothing & Home fell by 7.8% to GBP1.57 billion, with like-for-like revenue down 5.5%.

In November, the company appointed Richard Price, the former chief executive of F&F Clothing, Tesco PLC's fashion arm, as managing director of the clothing business.

Marks & Spencer was also relegated from the FTSE 100 index in a re-jig last September, ending a 35-year stay among London's large-cap stocks. It was a founding member of the index.

Shares in the company were 0.6% higher at 182.05 pence each in London on Wednesday afternoon.

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
16 Oct 2020 08:06

LONDON BRIEFING: Martin Draws On Buffett And Newton To Argue For Pubs

LONDON BRIEFING: Martin Draws On Buffett And Newton To Argue For Pubs

Read more
16 Oct 2020 07:45

RBC Capital upgrades Dixons Carphone, JD Sports

(Sharecast News) - RBC Capital Markets upgraded its rating on JD Sports and Dixons Carphone on Friday.

Read more
14 Sep 2020 09:25

UK BROKER RATINGS SUMMARY: Credit Suisse Bumps BP Up To Outperform

UK BROKER RATINGS SUMMARY: Credit Suisse Bumps BP Up To Outperform

Read more
10 Sep 2020 11:59

LONDON MARKET MIDDAY: FTSE 100 Dips As Markets Await ECB Rate Decision

LONDON MARKET MIDDAY: FTSE 100 Dips As Markets Await ECB Rate Decision

Read more
10 Sep 2020 10:27

UK WINNERS & LOSERS SUMMARY: Games Workshop Rallies On Strong Trading

UK WINNERS & LOSERS SUMMARY: Games Workshop Rallies On Strong Trading

Read more
10 Sep 2020 10:09

TOP NEWS: Dixons Carphone Sales Rise, Ponders Minority Nordics Listing

TOP NEWS: Dixons Carphone Sales Rise, Ponders Minority Nordics Listing

Read more
10 Sep 2020 08:42

LONDON MARKET OPEN: Cautious Start Ahead Of ECB; WM Morrison Slips

LONDON MARKET OPEN: Cautious Start Ahead Of ECB; WM Morrison Slips

Read more
10 Sep 2020 07:42

LONDON MARKET PRE-OPEN: IAG To Raise EUR2.7 Billion; ECB Decision Due

LONDON MARKET PRE-OPEN: IAG To Raise EUR2.7 Billion; ECB Decision Due

Read more
10 Sep 2020 07:01

Dixons Carphone mulls Nordic listing as sales rise

(Sharecast News) - Dixons Carphone said it was considering a minority listing of its Nordics business as the electricals retailer reported strong trading supported by online sales.

Read more
3 Sep 2020 16:06

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

Read more
10 Aug 2020 12:16

ThinkSmart Reaches GBP1.5 Million Dixons Carphone Settlement

ThinkSmart Reaches GBP1.5 Million Dixons Carphone Settlement

Read more
4 Aug 2020 16:08

Big Firms Cut Almost 4,500 Jobs In Two Days As Furlough Tapers Off

Big Firms Cut Almost 4,500 Jobs In Two Days As Furlough Tapers Off

Read more
4 Aug 2020 13:57

UK EXECUTIVE CHANGE SUMMARY: Portmeirion Refreshes Leadership

UK EXECUTIVE CHANGE SUMMARY: Portmeirion Refreshes Leadership

Read more
4 Aug 2020 12:17

Dixons Carphone To Cut 800 Jobs In Store Management Overhaul

Dixons Carphone To Cut 800 Jobs In Store Management Overhaul

Read more
16 Jul 2020 09:37

UK BROKER RATINGS SUMMARY: Jefferies Raises British Land, Cuts SEGRO

UK BROKER RATINGS SUMMARY: Jefferies Raises British Land, Cuts SEGRO

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.