Wallace McCain, founder of the world s largest frozen chip maker, has died. The Canadian billionaire, who founded McCain Foods in 1956 with his brother Harrison, lost his battle with cancer last week aged 81.
Marc Bolland has made another high-profile appointment to his senior team at Marks Spencer. Former John Lewis strategist Robert Weston comes on board in the new role of brand director for foods.
Shares in Ocado tumbled after trustees of the John Lewis pension scheme announced the sale of its stake in the online retailer. The John Lewis Partnership Pensions Trust held 57.3 million shares in Ocado, representing 10.4% of the company's stock.
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