Stuart Machin news, comment and analysis – Page 4
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Comment & OpinionIf even M&S is worried about growth, what hope is there for the stragglers?
Inflation is back on the agenda even after supermarkets worked hard to bring it down this Christmas
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NewsM&S and Tesco shares sink despite record Christmas performance
Supermarkets may be celebrating a record Christmas, but the markets remained thoroughly unimpressed by retail stocks on a busy Thursday of trading updates
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NewsM&S chief calls on government for ‘growth plan for the country and business’
Speaking as M&S announced its Christmas trading results, Stuart Machin said extra costs arising from the budget would affect the retailer’s approach to recruitment
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NewsCity snapshot: Tesco and M&S celebrate a record Christmas as shoppers splash out
Tesco and Marks & Spencer have revealed strong Christmas numbers this morning as consumers splashed out on premium ranges for the big day. Plus, Christmas trading updates from Hilton Food Group, B&M Bargains and Greggs, with the latest shop price inflation data from the BRC and NielsenIQ
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NewsM&S ‘the top performing store-based grocery retailer’ in Christmas ‘golden quarter’
Food sales were up 8.7% in the 13 weeks to 28 December, and 8.9% up on a like for like basis
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Comment & OpinionM&S Oxford Street demolition will be a huge blunder
Orchard House is a handsome 1929 stone building – I’ll bet whatever replaces it will be utilitarian and architecturally meritless, says Joanna Blythman, food journalist and author of Swallow This
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NewsCity snapshot: M&S wins approval for Marble Arch redevelopment
Marks & Spencer has been given approval to demolish its flagship Marble Arch store on London’s Oxford Street
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NewsM&S to give 2,000 young people ‘first step’ in retail to curb youth unemployment crisis
The new “ambitious” multi-year strategy, in partnership with The King’s Trust, aims to provide support through its Marks & Start programme
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NewsCold chain sector to foot £600m National Insurance bill
The Cold Chain Federation warned wage increases would result in higher consumer prices
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NewsMedia Bites 11 November: Tesco, Asda and M&S
Tesco’s £1bn NI bill, hospitality fights back against the budget and more Asda job cuts in the pipeline.
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Comment & OpinionBusiness rates: government has shown its hand in the budget – and retail has been cheated
Labour’s solution to separating online retail from the high street as part of business rates reform, we now know, is that it’s not going to
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NewsBudget measures to heap £120m in added costs on M&S, says chief
Stuart Machin said ‘we don’t want to pass on these costs to our customers’ through price rises but ‘can’t rule anything out’
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NewsCity snapshot: M&S has ‘so much to do’ as profits beat expectations
Pre-tax profits surged 17% in the first half of the year, propelled largely through its food business. Also, Domino’s Pizza returns to sales growth and Glanbia announces major restructure
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NewsThe budget as it happened and what it means for fmcg
Rachel Reeves confirms this budget will raise taxes by £40bn
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NewsStuart Machin urges Chancellor not to raise taxes on business
The M&S chief said he hoped recent ‘rumours’ that Rachel Reeves planned to raise National Insurance were untrue
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NewsMedia Bites 25 October: shoplifting epidemic, John Lewis revamp, Nestlé sales
Shops across the country are reporting two thefts a minute to police
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NewsCity snapshot: Consumers ‘despondent’ ahead of Labour’s first Budget
Confidence had been returning but has now fallen for three months in a row, according to GfK’s monthly index. Plus, Remy Cointreau downgrades guidances after sales fall 16% in the first half of the year.
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NewsMedia Bites 17 October: M&S, BrewDog, Tate & Lyle
A busy morning in the papers for fmcg sees a spotlight on the latest NIQ supermarket data, BrewDog financial results and takeover speculation at Tate & Lyle
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NewsSupermarket bosses call for 20% business rates cut in letter to Rachel Reeves
Retail needs a business rates cut to ‘stem the tide’ of shop closures, says the BRC
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NewsDoomed Asda plastic refill aisles making just £1,000 a week
Earlier this week Asda revealed it was to scrap its trials of refillable packaging technology, in a major blow to the industry’s war on plastic