Is Stuart Rose on the verge of leaving Marks & Spencer?
Marks & Spencer has been quick to dampen speculation that executive chairman Stuart Rose may leave the company earlier than expected. Stuart Rose appeared on a BBC political programme and tantalisingly suggested that he may well be leaving office before his official re-election date of July 2011. So what exactly is going on?
While Rose did not exactly give a definitive leaving date, it is an open secret that his relationship with city investors and city researchers has hit rock bottom. There are many who believe he has too much control over Marks & Spencer and even though he has had a massive impact during the recovery of the business, there are still some who criticise his management style and management techniques. So is Stuart Rose getting his own back on the city?
There is a feeling within the city that Stuart Rose is looking to "get one over the city" as payback for his treatment over the last two or three years. He has come in for significant criticism from a host of people and it is perhaps the fact that he "does things his own way" which has annoyed many people. This is a story which will run and run for some time to come.
Share this..
Related stories
Insurer urges home owners to check alarms
Spring cleaning is an ideal opportunity to carry out checks on home security devices, according to a leading home insurance provider. A study conducted by Legal & General found that 30 per cent of households now have a burglar alarm. However, half of alarm owners admitted that they never checked whether the device was in good working order. Elaine Parkes, head of technical services for Legal & Gen...
Read MoreAre Microsoft and Yahoo back in talks?
After seemingly falling out forever it would appear that Microsoft and Yahoo are back in merger talks with a number of financial publications picking up on the rumour. This is a long-running saga which has been going on for many many months and one which many suggested was dead. However, it would appear that a mixture of the need for the parties to combat Google as well as a possible slowdown on t...
Read MoreUS Treasury prices recover slightly
As the US government comes to the end of a $101 billion bond auction traders are breathing a sigh of relief after the last $26 billion auction went relatively well. Despite the fact that yesterday saw a significant fall in Treasury prices across the board, there was something of a recovery today even though many analysts have grave fears about the state of the US economy.
While ther...
Lloyds TSB Reports 70% Drop In Profits
Profits at Lloyds TSB, one of the leading UK banks, fell by 70% for the first half of 2008 with the bank reporting a figure of £599 million compared to £1.99 billion for the same period last year. While the bank has been hit by the credit crunch, Lloyds offers the least overseas diversification of any of the UK majors, something which is starting to worry analysts a little.
In a...
David Cameron sympathetic to Scottish cause
David Cameron has today been in Scotland to visit the ruling SNP party and discuss budgets for the Scottish Parliament and an extension of powers for Scottish MSPs. It is believed that David Cameron indicated millions of pounds of additional funding could be released by the Treasury and indeed there is talk of the Scottish Parliament being given its own income tax powers. So is David Cameron looki...
Read More