Marks and Spencer starts massive share buy-back
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London - Marks and Spencer, the struggling British retailer, on Monday began buying back more than one quarter of its shares in the biggest tender offer ever seen in Britain.
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LONDON: Marks &amp; Spencer has announced a top-level shake-up, as it revealed a deterioration in trading conditions and posted a first-half profit in line with expectations.
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The discount retailer goes generic and buys back shares. Will that really help?
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British retailer Marks and Spencer announced a major management shake-up as part of efforts to revive its fortunes, saying trading has become tougher ahead of the crucial Christmas period.
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Stuart Rose, chief executive of retailer Marks & Spencer, vows to return the firm's share price to Â£4 - or admit failure.
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LONDON, October 25  - Marks &amp; Spencer (MA6.ETR) has claimed robust investor demand for its Â£2.3 billion share buyback programme, which has been priced above the market expectations at 362p per share.
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Marks and Spencer, the British clothing-to-food retailer, has confirmed its recovery with a 47.6-percent rise in annual pre-tax profits.
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Business & money: Shareholders attack Marks & Spencer for paying its executives huge bonuses while being miserly towards its shop-floor staff.
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Shares in London began trading to the upside on Tuesday with Marks &amp; Spencer leading gainers after cheering investors with an upbeat trading statement.
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Food and clothing chain Marks &amp; Spencer PLC said Tuesday it had bought the per una clothing brand from businessman George Davies for 125 million pounds (&#36;223 million).
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Marks & Spencer begins buying back more than a quarter of its shares in a move that will return Â£2.3bn ($4.2bn) to shareholders.
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Marks &amp; Spencer today set the price for its record share buyback above market expectations, at 362p per share. The retailer said demand for the Â£2.
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The Reliance Board met today and gave the go-ahead for the buyback of shares from stockholders at Rs 570 per share, making it India&#39;s largest equity buyback.
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Marks and Spencer is planning to sell up to half its poorly performing Simply Food stores, the Mail on Sunday reports.
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UK food and clothing retailer Marks &amp; Spencer has reported lower profits for the first half, and announced management changes as it tries to turn around its business.
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Philip Green is targeting Marks &amp; Spencer customers with the first TV advertising from his Bhs chain in more than 10 years. Details of a Â£3m, multimedia campaign were unveiled yesterday as part of a Â£23m
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BHP Billiton, the world&#39;s biggest miner, will buy back as much as A$1.5 billion ($1.6 billion) of its Australian stock as part of a plan to return profit from soaring commodity prices to investors.