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Steve Rowe to remain in control of Marks & Spencer's clothing division ​indefinitely

Steve Rowe, Marks & Spencer new chief executive officer, is to retain direct control of the department store group struggling general merchandising arm, as he tries to stem months of slipping sales. According to several news reports, Rowe informed M&S employees on Monday in a memo that they should not expect to see his replacement appointed head...

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Business

Marks & Spencer set to reveal first profit increase in four years

Marc Bolland's turnaround plans for British department store group Marks & Spencer appeared to have finally paid off, as the group is predicted to report its first increase in full-year profit later this week. The group is expected to announce a 4 percent increase in underlying annual pre-tax profits to 648 million pounds for the year to March...

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