Alan Stewart’s defection comes just two days after helping M&S chief executive Marc Bolland present first-quarter sales

Marks & Spencer chief finance officer Alan Stewart has quit to join Tesco in the same role, jumping ship from one struggling British retailer to a(...)

 Marks & Spencer chief executive Marc Bolland addresses the retailer’s AGM at Wembley stadium yesterday. Photograph:  Oliver Dixon/Imagewise/PA Wire

Shareholders in Marks & Spencer gathered at Wembley Stadium yesterday to air their views on the burning issues of the day, from comfy slippers to (...)

Marks and Spencer boss Marc Bolland blamed website teething problems as the chain’s homeware and clothing division registered its 12th quarter in a row of declining sales. Photograph:  Stefan Rousseau/PA Wire

Marks and Spencer, the UK’s largest clothing retailer, said apparel sales resumed their decline in the first quarter as customers took time to adapt t(...)

Planet Business

Image of the week: Go to gate Soon there will be no more Heathrow Terminal 1 circle of hell for Aer Lingus passengers flying to Ireland. The airl(...)

While Nama and  sports retailer Elverys agree a debt deal, John Malone of Liberty Global spots an opportunity for “synergies”.
Seen and Heard

Nama agrees to accept 45% of money owed by Elverys Nama has agreed to accept less than half of the €23 million debt it is owed by sports retailer Elve(...)

Wm Morrison Supermarkets, which has been losing market share to discounters Aldi and Lidl and lagged rivals in entering fast-growing online and convenience store markets, said its profits would more than halve this year

Britain’s Wm Morrison Supermarkets sparked talk of an industry price war today after it posted its lowest profit for five years and said it wou(...)

A day after Irish figures suggested a slight improvement in Irish retail sales at the end of the year, the dire state of the UK “high street” was laid(...)

Marks & Spencer chief executive Marc Bolland has blamed falling sales on a vicious Christmas price war. Sales were down 2.1 per cent for the 13 we(...)

Former Co-operative Bank chairman Reverend Paul Flowers.  Clive Adamson, director of supervision at the Financial Conduct Authority (FCA), insisted he had not made a mistake approving the appointment of the disgraced Flowers. Photograph: PA Wire

Six separate inquiries are now under way into the near- collapse of the Co-operative Bank, but a half-day session at the UK treasury select committee (...)

Marks & Spencer posted a ninth straight quarterly fall in clothing sales yesterday. REUTERS/Andrew Winning

Marks & Spencer’s spin doctors should have checked the company reporting schedules more carefully before they settled on November 5th to announce (...)