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The Latest Breaking News from Stuart Machin

M&S unveils new-look flagship store on Oxford Street

The retail giant is opening two new floors of the shop in the iconic Pantheon building

The Independent UK

Frump well and truly dumped: M&S to celebrate 100 years at London fashion week

Reputation for frumpiness is over as M&S wins over younger audience with shows at Silverstone, Ibiza and now LFW

The Guardian - UK

M&S buys new fridges that can cope with heatwave weather after stores ‘struggle’ in 45C

Fridges in some of the firm’s stores and foodhalls broke down because of the recent heatwave

The Independent UK

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M&S invests in fridges that can cope with weather as hot as 45C

Retailer admits it struggled in June heatwave and also had to order more ice-cream to keep pace with demand

The Guardian - UK

M&S taking action to cope with extreme temperatures after June heatwave

Fridges in some M&S stores broke down because of the record heatwave last month.

Evening Standard

Marks & Spencer forced to invest in new fridges after ‘struggling’ in heatwave

Marks & Spencer is investing in new equipment and reviewing its refrigeration systems. This decision follows the retailer "struggling" during the recent heatwave , which saw record high temperatures. Chief executive Stuart Machin confirmed that fridges in some M&S stores and foodhalls broke down due to the extreme heat. The…

The Independent UK

UK’s biggest retailers urge government to act on youth unemployment

Bosses of M&S, Sainsbury’s and Tesco among those writing to Starmer that the ‘ladder of opportunity’ is wobbling

The Guardian - UK

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The Treasury’s supermarket food price cap wheeze was bananas

Retailers such as M&S need not worry – the UK is not in a state of emergency and competition is clearly working

The Guardian - UK

Call for food price caps ‘completely preposterous’, says M&S boss

Stuart Machin argues government should reduce tax and regulatory burden on supermarkets instead

The Guardian - UK

Government food price caps would be ‘preposterous and idiotic’, say supermarkets

A Government minister denied plans for price caps but confirmed that it is holding talks with supermarkets amid concerns over rising inflation.

Evening Standard

Supermarket bosses say food price caps would be ‘preposterous’ and ‘idiotic’

A government minister denied any concrete plans for price caps but confirmed ongoing discussions with supermarkets

The Independent UK

Marks and Spencer Group H2 Earnings Call Highlights

Marks and Spencer Group (LON:MKS) reported higher annual group sales and said it expects profit growth to resume as management outlined plans to step up investment in stores, supply chain, digital systems and value. On an analyst call, CEO Stuart Machin said the year had been “a year of 2…

MarketBeat

M&S launch 'most requested product' - a gluten free Colin

The iconic caterpillar cake is now suitable for coeliacs, after thousands requested a gluten free version

Evening Standard

M&S Christmas food sales soar but clothing suffers from cyber-attack fallout

Poor festive fashion sales deepen fears of squeeze on UK household budgets and falling high street footfall

The Guardian - UK

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International Business Times UK

Marks & Spencer Bounces Back: Recovery Underway as Retail Giant Aim for Major UK Food Store Expansion

M&S is reportedly looking to launch 500 new sites across Britain after a costly cyberattack last summer inflicted over £300 million in losses

The Independent UK

Stuart Machin: ‘We turned M&S around – Rachel Reeves’s Budget could undo our good work’

Having made the high street stalwart fashionable again and steered its 32 million customers through one of the worst ever cyber attacks in the UK, the CEO is looking forward to some Christmas cheer. There is just one dark cloud on the horizon, he tells Geordie Greig

The Guardian - UK

Marks & Spencer’s cyber-trauma is bad, but clearly manageable

Chief executive criticises chancellor before budget that could prove bigger threat to business than ‘the incident’

Evening Standard

M&S boss warns customer confidence dented by Budget worries

Chief executive Stuart Machin said the Chancellor’s pre-Budget speech on Tuesday did not ease customer fears or give certainty to business.

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The Independent UK

M&S reveals huge cost of cyber-attack which halted online sales

The hack saw the firm take down their app and stop online orders - causing a 40 per cent drop

Evening Standard

M&S profits plunge after costly cyber attack

The retail giant reported underlying pre-tax profits tumbling 55.4% to £184.1 million in the six months to September 27.

Evening Standard

FTSE 100 Live 05 November: M&S profits tumble, Barratt Redrow guidance lifts shares

Marks Spencer today said half-year profits were almost wiped out by the cyber attack that crippled the business earlier this year.

Evening Standard

M&S to shed light on shopper response to cyber attack disruption

Next week, the retailer will fully report its sales and profits over the period when its systems were hit for the first time.

The Independent UK

M&S still working to put cyber attack ‘behind us’

IN FULL

The Independent UK

Marks & Spencer issues online shopping update following ‘damaging’ cyber attack

The high street giant was forced to suspend online operations in April after hackers targeted its systems

The Guardian - UK

M&S’s online business should be ‘fully’ operational by end of month, CEO says

Stuart Machin tells AGM retailer hopes to put ‘vast majority’ of cyber-attack chaos ‘behind us’ by August

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