LONDON, Jan 7 (Reuters) - British retailer Marks & Spencer said on Thursday its Chief Executive Marc Bolland would retire in April after six years in the role and be succeeded by Steve Rowe, the current head of its non-food business. The firm said Bolland will remain CEO and on the board u
Read more(ShareCast News) - While unveiling a mixed third-quarter trading update, Marks and Spencer chief executive Mark Bolland announced he will retire this year and hand the baton to well-regarded merchandise chief Steve Rowe. While M&S enjoyed its best ever Christmas for food sales, general merchandise s
Read more(ShareCast News) - The FTSE 100 had dropped 86.42 points (1.41%) by mid-afternoon Wednesday, down to 6,050.82 points. Miners were again on the list of risers and fallers for a second day in a row, but this time on the negative side. Anglo American, BHP Billiton, Rio Tinto, Glencore and Antofagasta a
Read more(ShareCast News) - Marks & Spencer reports its third quarter trading update after mild weather rattled the retailer's shares over Christmas. Credit Suisse (CS) said despite another quarter of soft comparisons for general merchandise (GM), it expects like-for-like (LFL) sales of 0% in the division. I
Read more* Department stores Christmas underlying sales up 5.1 pct * Department stores boss confident firm outperformed rivals * Waitrose underlying sales down 1.4 pct * Group profit guidance maintained (Adds detail, comment from department stores MD Andy Street) By James DaveyRead more
* Also hit by poor stock availability and online competition * Full-price sales growth slows to 0.4 pct vs year earlier * Forecasts 2015-16 pretax profit of 817 mln stg, up 4.4 pct * Shares fall by up to 5.5 pct * Shares in M&S, Debenhams also lower (Adds detail, CEO, an
Read more(ShareCast News) - Credit Suisse has cast doubt on rumours of a bid by Royal Mail for Dutch rival PostNL. In the run up to Christmas, there were newspaper reports that Royal Mail was preparing a €5 per share bid for PostNL, although this was denied by the Dutch company. Credit Suisse said it doubte
Read more