Bolland takes reins at Marks & Spencer

Marks & Spencer's new boss Marc Bolland starts at the helm of the chain today amid great expectations over his plans for the high street giant.

Former Morrisons chief executive Mr Bolland joins M&S on a near-£15m (€17.34m) pay package, taking over the reins from Stuart Rose, who reverted to non-executive chairman until his departure next March.