M&S shares tumble as retailer funds online plan

M&S shares tumble as retailer funds online plan

Shares in Marks & Spencer tumbled the most in two-and-a-half years yesterday after the retailer said it will finance a nearly €870m investment in online retailer Ocado with new shares and cut its dividend.

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M&S in ‘€1bn Ocado tie-up’

M&S in ‘€1bn Ocado tie-up’

Marks & Spencer and Ocado are discussing a joint venture that could expand the retailer’s home-delivery operations and further shake up the rattled UK grocery sector.

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Marks & Spencer boss lands £596,000 bonus

Marks & Spencer boss lands £596,000 bonus

Marks & Spencer boss Marc Bolland has seen his total pay package jump by nearly a third after landing a £596,000 bonus for delivering the retailer's first annual profits increase for four years.

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Marks & Spencer clothing sales down 5.8%

Marks & Spencer clothing sales down 5.8%

Marks & Spencer has reported more dire trading for its clothing division after it was beset by online delivery problems and unseasonal weather conditions.

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Marks and Spencer strike called off

Marks and Spencer strike called off

Strike action planned for tomorrow at Marks and Spencer has been called off, after workers voted to accept a recommendation by the Labour Court.

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Marks and Spencer uses seasonal staff to open smaller stores

Marks and Spencer uses seasonal staff to open smaller stores

Mandate Trade Union has criticised the decision by Marks and Spencer to open some of its smaller stores around the country today - while more than 2,000 workers are on strike.

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Marks and Spencer stores closed as workers strike

Marks and Spencer stores closed as workers strike

More than 2,000 staff at 17 Marks and Spencer stores across the country are going on strike today.

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M&S to charge food shoppers for carrier bags

Marks & Spencer stepped up its drive for ethical trading today with a trial scheme which will see customers charged for carrier bags.

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M&S set to confirm recovery with £1bn profit

Marks & Spencer will confirm its recovery today when it unveils profits close to £1bn (€1.46bn) for the first time since 1998.

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M&S hails recovery

Marks & Spencer boss Stuart Rose finally hailed a “recovery” at the high-street chain today after sales surged in the build-up to Christmas.

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Booming sales for resurgent M&S

The resurgence of Marks & Spencer will be sealed today when the high-street giant reports booming Christmas sales.

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Revived M&S to take on 4,000 more staff

Marks & Spencer said today that it planned to recruit an extra 4,000 staff after figures showed shoppers continued to warm to the new-look chain.

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Sales boost keeps M&S recovery on track

Retailer Marks & Spencer maintained its recent recovery today after reporting another sharp pick-up in quarterly trading figures.

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M&S advertising blitz starting to pay dividends

With an advertising blitz featuring celebrities such as 60s supermodel Twiggy, M&S has poured millions into one of its biggest campaigns yet.

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Rose 'encouraged' by M&S sales recovery

Marks & Spencer halted a two-year trading slump today after new ranges and an overhaul helped the embattled retailer to a surprise pick-up in sales.

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M&S bid talk ends

Marks & Spencer shares were trading lower today after two days of speculation over bid interest involving a South African businessman came to an end.

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M&S spotlight back on Green

The spotlight was back on retail tycoon Philip Green today after time restrictions on a fresh takeover approach for Marks & Spencer were lifted.

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M&S slashes profits forecast

Marks & Spencer today dramatically slashed its forecasts for annual profits after it was forced to make deep price cuts to clear excess Christmas stock.

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Rose axes top jobs as M&S woes continue

The crisis at Marks & Spencer claimed a string of top management jobs today as the embattled retailer revealed trading had become even more difficult.

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M&S woes worsen as profits tumble in 2004

Recovery hopes at retailer Marks & Spencer were dealt another blow today when the group said trading had become more difficult in the last month.

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Shareholders braced for gloom at M&S

Marks & Spencer shareholders were today being braced for further gloom on trading as fears grow of a wider slowdown in high street spending.

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M&S share buy-back begins

Marks & Spencer began buying back more than a quarter of its shares at 362p each today in the largest tender offer in UK corporate history.

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M&S seals per una deal

Struggling retailer Marks & Spencer today announced the landmark acquisition of the per una clothing brand for £125m (€181.7m).

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M&S womenswear design chief moves on

The designer brought in to add sparkle to women’s clothing at Marks & Spencer is to leave the retailer after three and a half years, it emerged today.

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M&S boss 'backing Myners for chairman's job

Marks & Spencer’s interim chairman is expected to take the position on a permanent basis, it was reported today.

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M&S named favourite retailer

Marks & Spencer may have spent the last few months under threat of a takeover, but the company is still Britain’s favourite retailer, it was announced today.

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M&S boss 'must revive company fortunes'

Marks & Spencer boss Stuart Rose was today facing up to the task of delivering a trading revival after fending off a proposed £9.1bn (€13.6bn) takeover bid.

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Green declares 'High Street war' on M&S

Retail tycoon Philip Green is preparing to wage a high street war on Marks & Spencer after dropping his £9.1bn (€13.6bn) takeover bid.

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M&S shares down after takeover bid fails

Shares in Marks & Spencer fell 6% today after retail entrepreneur Philip Green walked away from the battle to land the struggling high street group.

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M&S get Standard Life support against Green bid

The M&S board claimed a major scalp in its drive to persuade investors not to support a takeover proposal from billionaire Philip Green.

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M&S devises masterplan to fend off Green bid

Marks & Spencer unveiled a masterplan today for defeating a potential £9.1bn (€13.65bn) offer from tycoon Philip Green – with a pledge to return to its retail roots.

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M&S to return £2.3bn to shareholders

Takeover target Marks & Spencer is to return £2.3bn (€3.4bn) of cash to shareholders and focus on its core business as part of a strategy unveiled by chief executive Stuart Rose today.

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M&S boss cleared by watchdog

Marks & Spencer boss Stuart Rose was given the backing of the City watchdog today following an inquiry into his dealings in the retailer’s shares.

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M&S rejects Greens' Takeover bid

The British Financial Services Authority said today it was taking no action against Stuart Rose following an inquiry into share dealings made by the Marks & Spencer boss.

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Green given deadline for M&S bid

Retail tycoon Philip Green has been set one-month deadline to launch a formal bid for Marks & Spencer, it emerged today.

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Third director quits M&S

Vittorio Radice has left troubled retail giant Marks and Spencer. He is the third director to quit in just over a week.

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M&S rejects takeover proposal

Marks & Spencer today stood firm against retail entrepreneur Philip Green by rejecting a £9bn (€13.5bn) takeover poposal.

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FTSE slumps on M&S news

Disappointment at details of a possible takeover bid for struggling retailer Marks & Spencer led investors to pile out of the stock today.

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Lukewarm response to M&S bid plan

Billionaire Philip Green today drew a lukewarm response from investors after outlining details of a proposed £9bn (€13.5bn) takeover of Marks & Spencer.

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Green sets out possible M&S bid

Billionaire Philip Green today launched his campaign for control of Marks & Spencer by outlining the terms of a possible takeover bid.

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M&S in court action over takeover bid

Philip Green’s legal team was deciding today whether to fight an injunction barring its involvment in the entrepreneur’s battle for Marks & Spencer.

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New bosses prepare to overhaul M&S

The newly-appointed team at Marks & Spencer is preparing to begin work at the troubled high street giant today.

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M&S 'notes announcement' on Green takeover plan

A statement issued tonight by M&S after an announcement by retail tycoon Philip Green that he plans to launch a bid for the chain read: “The Board of Marks and Spencer Group notes the announcement made by Revival Acquisitions Limited."

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Tycoon confirms M&S takeover plan

Retail entrepreneur Philip Green said today he was considering making a takeover offer for Marks & Spencer.

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Green considers M&S bid

British retail entrepreneur Philip Green is considering a takeover approach for Marks & Spencer, it was announced today.

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M&S `not satisfied' wth 6% profit rise

Troubled retailer Marks & Spencer showed the result of a difficult year today despite reporting annual profits slightly ahead of expectations.

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Marks profits up 6%

Marks & Spencer today reported a 6% increase in underlying annual profits to £805m (€1.2bn), slightly ahead of market expectations.

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Marks boss going 'because of personal commitments'

Marks & Spencer today confirmed the departure of Luc Vandevelde after four years as chairman of the high street retailer.

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Marks and Spencer boss 'forced out'

Marks & Spencer is searching for a new chairman after Luc Vandevelde was forced out by boardroom colleagues and investors, it was reported.

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Marks & Spencer French staff go on strike

Workers at Marks & Spencer stores in France are on strike after all-night salary negotiations broke down.

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Marks and Spencers not to cut Irish jobs

Marks and Spencers said all jobs in Irish stores are safe despite the lay-off of 4000 staff across Europe.

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Marks and Spencer to axe 4,390 jobs

Marks & Spencer is to axe 4,390 jobs as it closes its European subsidiaries and its Direct catalogue business in the UK.

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