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
15 Jul 2020 17:16

LONDON MARKET CLOSE: Astra And Moderna Vaccine News Push Stocks Up

LONDON MARKET CLOSE: Astra And Moderna Vaccine News Push Stocks Up

Read more
15 Jul 2020 10:48

UK WINNERS & LOSERS SUMMARY: Burberry Out Of Fashion As Sales Plunge

UK WINNERS & LOSERS SUMMARY: Burberry Out Of Fashion As Sales Plunge

Read more
15 Jul 2020 09:44

Dixons Carphone Sees Covid Hit To Mobile Phones Business

Dixons Carphone Sees Covid Hit To Mobile Phones Business

Read more
15 Jul 2020 08:08

LONDON BRIEFING: UK Inflation Rises But Tempered By Low Energy Prices

LONDON BRIEFING: UK Inflation Rises But Tempered By Low Energy Prices

Read more
15 Jul 2020 07:54

Dixons Carphone profits slump following Covid store closures

(Sharecast News) - Dixons Carphone posted a slump in full-year profits on Wednesday, pinning the blame on weakness in the mobile division and store closures due to the coronavirus pandemic.

Read more
8 Jul 2020 16:07

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

Read more
11 Jun 2020 12:25

UK job cuts mount as Covid-19 takes its toll

(Sharecast News) - UK job losses continued to mount in their thousands on Thursday as Centrica, Johnson Matthey and Bombardier became the latest companies to announce large reductions to their workforces in the Covid-19 crisis.

Read more
9 Jun 2020 09:27

UK BROKER RATINGS SUMMARY: Citi Cuts Biffa To Sell From Neutral

UK BROKER RATINGS SUMMARY: Citi Cuts Biffa To Sell From Neutral

Read more
26 May 2020 09:48

UK BROKER RATINGS SUMMARY: Goldman Cuts Ascential To Neutral From Buy

UK BROKER RATINGS SUMMARY: Goldman Cuts Ascential To Neutral From Buy

Read more
20 May 2020 09:26

UK BROKER RATINGS SUMMARY: Deutsche Bank Upgrades Compass To Buy

UK BROKER RATINGS SUMMARY: Deutsche Bank Upgrades Compass To Buy

Read more
12 May 2020 10:54

Morgan Stanley downgrades Dixons and Superdry, forecasts 62% slide in sector earnings

(Sharecast News) - Morgan Stanley has re-rated a swathe of retailers, warning that earnings are likely to tumble this year and the next as long-term consumer spending patterns undergo a fundamental shift.

Read more
12 May 2020 09:42

UK BROKER RATINGS SUMMARY: Morgan Stanley Weighs In On UK Retailers

UK BROKER RATINGS SUMMARY: Morgan Stanley Weighs In On UK Retailers

Read more
4 May 2020 13:34

Monday broker round-up

(Sharecast News) - Go-Ahead Group: Canaccord upgrades to buy with a target price of 1,650p.

Read more
4 May 2020 09:33

UK BROKER RATINGS SUMMARY: Buy Dixons Carphone And AG Barr - Liberum

UK BROKER RATINGS SUMMARY: Buy Dixons Carphone And AG Barr - Liberum

Read more
29 Apr 2020 09:15

Dixons Carphone Axes Payout But Online Sales Get Bread Baking Boost

Dixons Carphone Axes Payout But Online Sales Get Bread Baking Boost

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.