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UK food sales at Marks & Spencer slowed sharply in the second quarter compared to the previous three-month period, as profits tumbled at the high street bellwether.
X5 Retail Group has named Jan Fuchs as its new hypermarket format director. Fuchs is a former chief operating officer of Czech supermarket chain Kaufland, having overseen the group’s growth to more than 80 stores. He also held the COO role at REWE Group in Russia.
Brokers yesterday warned that profits at Marks & Spencer for the past six months could fall short of earlier expectations. Nomura said it expected the high street giant to announce first-half profits of£307.2m, which would represent a fall of 12% on the equivalent term last year.
Delivering sustainable organic growth is an ongoing challenge for most businesses
Overall food and drink exports from the UK were down 4.4% to £12.3bn
Chichester Crown Court heard that contractor Bradley Watts was lagging pipes in the loft space of the company’s Chichester site when he was electrocuted in June
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