Today news
About the same in other media
Five reasons why Marks & Spencer’s turnaround looks like the real deal
Reading now: 716
theguardian.comArchie Norman, Marks & Spencer’s chairman, said he’d spotted a few “green shoots” in May, which sounded a brave call at the time. By August, though, the shoots had bloomed into a profits upgrade. Now there’s proper foliage: a forecast of profits this year of £500m, which is about £150m ahead of what had been expected, if one ignores the group’s perennial “adjusting items”.
Chief executive Steve Rowe said he won’t be claiming victory too soon “given the history of M&S”. Fair point: his predecessors were always too keen to pat themselves on the back – it usually meant the next setback was about to strike. But at least five “self-help” factors suggest M&S’s turnaround may be the real deal this time.
First, the group finally has a property
Read more on theguardian.comAbout this in other media
3 reasons why Bitcoin’s drop to $56.5K may have been the local bottom cointelegraph.com /2 years ago
3 reasons why Keep3rV1 (KP3R) price hit a new all-time high this month cointelegraph.com /2 years ago
Why a Fed official says stablecoins can match the stability of fiat currencies fnlondon.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
