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Pin to quick picksMarks & Spencer Share News (MKS)

Share Price Information for Marks & Spencer (MKS)

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Share Price: 258.30
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UPDATE: Sainsbury Shuffles Senior Management Team

Mon, 21st Jun 2010 13:43

By Steve McGrath and Molly Neal Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. supermarket group J Sainsbury PLC (SBRY.LN) Monday shuffled its management team, putting current Chief Financial Officer Darren Shapland in charge of future developments at the company, and promoting John Rogers to the CFO post. The move is the latest in a series of management changes at U.K. supermarkets as they compete for customers amid fears a hike in the sales tax, known as value added tax, could curb consumer spending. Sainsbury's trading director Mike Coupe will become group commercial director and join the board, adding marketing to his responsibilities, while Helen Buck will take charge of the company's convenience store operations under Shapland. Shapland's role, which sees him take charge of the convenience stores, Sainsbury's Bank, the property portfolio and group strategy, suggests a renewed focus on areas outside the company's main supermarket chain. Along with rivals, it has expanded in both convenience stores and financial services in recent years. Shore Capital analyst Clive Black said the management changes should help with "driving space and non-food participation in particular whilst materially and sustainably building margins." Sainsbury Chief Executive Justin King said: "Both Darren and Mike have made major contributions to our performance over recent years and their new roles will be vital in delivering the next stage of our growth strategy." The shake-up follows news earlier this month that Terry Leahy, chief executive at rival Tesco plc (TSCO.LN), will retire in March next year to be replaced by Philip Clarke, who currently heads Tesco's operations in Asia and Europe. At U.S.-based Wal-Mart Stores Inc.'s (WMT) Asda Group Ltd, Andy Clarke has taken over from Andy Bond, while Marc Bolland, formerly the boss of supermarket group William Morrison Supermarkets PLC (MRW.LN), is now CEO at Marks & Spencer Group plc (MKS.LN). Bolland has been replaced at Morrisons by Dalton Philips, who joined from Canadian retailer Loblaw Companies Ltd (LBLCFG). Sainsbury's management changes will come into effect July 19. At 1232 GMT, Sainsbury's shares were down 0.3% at 331 pence, underperforming a 0.8% rise in the FTSE 100. -By Steve McGrath, Dow Jones Newswires; 44-20-7842-9284; steve.mcgrath@dowjones.com (END) Dow Jones Newswires June 21, 2010 08:43 ET (12:43 GMT)
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9 Nov 2023 15:45

Director dealings: M&S director snaps up 50,000 shares

(Sharecast News) - Marks & Spencer revealed on Thursday that non-executive director Cheryl Potter had acquired 50,000 ordinary shares in the FTSE 100-listed retailer.

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(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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8 Nov 2023 12:08

LONDON MARKET MIDDAY: Europe muted as eyes turn to Fed's Powell

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LONDON MARKET OPEN: M&S impresses but ITV slumps on tepid ad revenue

(Alliance News) - Stock prices in Europe opened mixed on Wednesday, with equities struggling to push on with hawkish words from US central bankers hurting enthusiasm.

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8 Nov 2023 08:35

TOP NEWS: Marks & Spencer cautiously optimistic as profit jumps

(Alliance News) - Marks & Spencer Group PLC on Wednesday reported improved interim results and early signs suggest the clothing, home and food retailer will enjoy a robust Christmas.

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LONDON BRIEFING: M&S profit surges; JD Wetherspoon upping investment

(Alliance News) - London's FTSE 100 is called to open lower on Wednesday, with equities on the back foot after more hawkish comments from a US central banker.

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M&S cautious on H2 despite 52% jump in interim profit; Divi restored

(Sharecast News) - UK retailer Marks & Spencer on Wednesday reinstated its dividend and delivered a 56.2% rise in first-half profits, but warned sounded a note of caution about future trade in the run in to Christmas citing higher interest rates, weather and geopolitical events.

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7 Nov 2023 12:07

LONDON MARKET MIDDAY: Housebuilders and retail up, miners and oil down

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Derwent London PLCTrading Statement
Entain PLCTrading Statement
Haleon PLCQ3 Results
Helios Towers PLCQ3 Results
Hikma Pharmaceuticals PLCTrading Statement
Howden Joinery Group PLCTrading Statement
J Sainsbury PLCHalf Year Results
Kin & Carta PLCFull Year Results
OSB Group PLCTrading Statement
Shell PLCQ3 Results
Smith & Nephew PLCQ3 Results
TI Fluid Systems PLCTrading Statement
Trainline PLCHalf Year Results
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no events scheduled 
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ITV PLCTrading Statement
JD Wetherspoon PLCQ1 Results
Marks & Spencer Group PLCHalf Year Results
MaxCyte IncQ3 Results
Secure Trust Bank PLCTrading Statement
Smiths News PLCFull Year Results
Time Out Group PLCFull Year Results
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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