Advertisement
UK markets open in 5 hours 13 minutes

  • NIKKEI 225

    37,891.19
    -70.61 (-0.19%)
     

  • HANG SENG

    16,267.64
    +15.80 (+0.10%)
     

  • CRUDE OIL

    82.61
    -0.08 (-0.10%)
     

  • GOLD FUTURES

    2,380.60
    -7.80 (-0.33%)
     

  • DOW

    37,753.31
    -45.66 (-0.12%)
     

  • Bitcoin GBP

    49,416.23
    -1,876.00 (-3.66%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

  • NASDAQ Composite

    15,683.37
    -181.88 (-1.15%)
     

  • UK FTSE All Share

    4,273.02
    +12.61 (+0.30%)
     
Money:

5 ways to get help with childcare costs

Childcare is eye-wateringly expensive, here are some ways to save money

New M&S boss Rowe to continue to run general merchandise

Reuters - UK Focus

LONDON, April 4 (Reuters) - Steve Rowe, the new chief executive of British retailer Marks & Spencer (Other OTC: MAKSF - news) , is to continue to lead the firm's general merchandise division and will not appoint a new executive director for the unit.

Rowe succeeded Marc Bolland as CEO on Saturday, stepping-up from his role leading general merchandise which he has held since last July.

General merchandise consists of clothing, footwear and homeware and contributes about 60 percent of M&S's profit.

"I'm going to carry on looking after general merchandise," Rowe told Reuters on Monday.

"The (GM (NYSE: GM - news) ) business unit directors will continue to report to me for the foreseeable future because that's where I believe the priority is," he said. "We need to get GM working." (Reporting by James Davey; editing by Kate Holton)