M&S shareholders back embattled boss

Wed Jul 9, 2008 4:28pm BST
 
Email | Print | | Single Page
[-] Text [+]

LONDON (Reuters) - Marks and Spencer (MKS.L) shareholders attending the retailer's annual meeting on Wednesday showed their backing for embattled boss Stuart Rose, with more than 94 percent voting for his reappointment.

M&S, Britain's biggest clothing retailer, infuriated some investors in March by saying that Rose would combine the roles of chairman and chief executive as part of a package that will see him stay at the company until 2011.

M&S said the indicative vote also showed 96.7 percent had backed its report and accounts and 87 percent voted to approve its remuneration report.

(Reporting by Mark Potter)

 
A pedestrian passes a Vodafone store on Oxford Street in central London, November 10, 2009. REUTERS/Kevin Coombs
Telecoms set for take-off?

European telecoms are undervalued and companies such as Telefonica and Vodafone could rise 25 to 30 percent in the next year, says a fund manager at BlackRock.  Full Article 

Photo

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos