Qualified advisers answering your
Financial Questions
call 0800 092 1245

Sales improve at Marks & Spencer

While Sir Stuart Rose, the chief executive and executive chairman of Marks & Spencer, has been targeted by investors with regards to his overall control of the group today he finally received some good news with details of an increase in recent sales reported. The 13 weeks to 27th June saw a 1.4% increase in like-for-like sales which is a significant increase on the 4.2% reduction in the previous quarter. While 0.7% of the like-for-like sales increase was attributed to the UK weather and a late Easter there are still interesting and encouraging signs of improvement on the high street.

The role of Sir Stuart Rose within Marks & Spencer has been under significant scrutiny over the last few weeks with investors concerned that he is both chairman and chief executive. While there are plans to bring in a new chairman by July 2011 many investors are calling for this move to be brought forward by 12 months. At this moment in time there seems little chance of Marks & Spencer changing its succession timeline although further investor pressure could yield more changes over the coming months.

Despite being the saviour of Marks & Spencer, joining when the group was in substantial trouble, his relationship with institutional and individual investors has worsened somewhat over the last 12 months.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details