Marc Bolland takes his seat at Marks & Spencer
Marc Bolland, the new chief executive of Marks & Spencer, is 24 hours into his new role and one day into an eight week induction course. This is the man who has been given the opportunity to relight the fire of Marks & Spencer after a difficult period in the history of this ever popular UK retailer. So what can we expect from the tenure of the new chief executive?
Marc Bolland, formerly of Morrison's, comes with a good track record and there are high hopes that he can reinvigorate Marks & Spencer's once again. He has a massive financial incentive to do well at the group with a very lucrative bonus and payment package if he hits various targets along the way. So far the city has taken to this new blood at Marks & Spencer but history shows that memories in the city are very short and very few people get a second chance.
Sir Stuart Rose, the outgoing chief executive and chairman of the company, was initially courted as the saviour of Marks & Spencer when he joined some time ago. However, once he had rescued the company the fiction began to mount with analysts and shareholders. Marc Bolland, beware!
Share this..
Related stories
Is Aer Lingus In Trouble?
As the airline industry continues to digest the news that Zoom is now grounded forever it seems that Aer Lingus may well be in trouble as well. Reporting a £17.9 million loss for the first half of the company's financial year Chief Executive Dermot Mannion was blunt in his assessment of the situation - change is needed and it is needed now!
The fact that Dermot Mannion is forecast...
Alistair Darling threatens legal action against the banks
In a move which few people believe will actually follow through it has been suggested that Alistair Darling has taken legal advice regarding the reluctance of the UK banking sector to fund the small business sector in these difficult times. The situation seems to go back to the recent bailout and the belief that one of the terms attached to the bailout was the funding of the small business sector....
Read MoreCan Kraft Foods afford a higher offer for Cadburys?
UK food giant Kraft Foods is still very interested in taking over UK chocolate manufacturer Cadbury's with a £12.3 billion offer still on the table but yet to be presented to shareholders. The offer is worth around £7.45 a share although the price of Cadbury shares is currently above this level with many people believe in a higher offer will come in due course, either from Kraft Foods or a third...
Read MoreHas Lloyds bank been holed below the waterline?
As Lloyds bank comes to terms with the fact that the FSA (Financial Services Authority) has today rejected the company's bid to try and escape the UK government's toxic debt insurance scheme, it will be interesting to see how investors respond to this latest news. The company has for some time been suggesting that it could escape the clutches of the UK government which holds a 43% stake in the bus...
Read MoreLord Mandelson demands changes in takeover code
After the Cadbury takeover by Kraft Foods, Lord Mandelson has again taken up the baton for "UK companies" with a number of suggested changes to the UK takeover code. He has also expressed an opinion about the investment styles and strategies of UK fund managers amid calls for more "long termism" and greater transparency during potential bid situations. Some of the more prominent suggestions fro...
Read More