The Latest Breaking News from Stuart Machin

Turnaround is in full swing and bearing fruit, but bosses are only too aware of a history of revamps that failed to stick

Angela Rayner has given M&S the green light after Michael Gove refused the application last year

The retailer reported underlying pre-tax profits up 17.2% to £407.8 million for the six months to September 28.

Rise in sales of ranges in six to 10 suggests retailer has been successful in appealing to younger demographic

Last year’s ‘digital-only’ event ruffled feathers. This year’s hybrid meeting fuelled greater attendance and more openness

City Comment: More of our executives would go to the US if they were truly underpaid

In January 2008, Jeremy Paxman wrote an angry letter to then Marks and Spencer boss Sir Stuart Rose about the state of his pants. They were letting him down. The Newsnight presenter said: “I’ve noticed that something very troubling has happened. There’s no other way to put this. The pants…

The retail giant has clocked up 12 consecutive quarters of sales growth but it must remember mistakes of the past

Pre-tax profits increase to £672.5m and retailer says it will reduce costs further as part of five-year plan