TOMORROW’S AGENDA
A FIRST-QUARTER update from Marks & Spencer will show whether the retail giant is keeping up the good form in clothing or slipping back into old habits.
The under-pressure High Street heavyweight shocked the retail world in May by reporting its first annual rise in profits in four years. That even included a 0.7% uptick in sales of clothes — M&S’s problem child — for the final quarter of 2014. Senior executives at M&S were rewarded with bonuses for the first time in two years after the improvement, including an extra £596,000 for chief executive Marc Bolland. The group could face opposition from shareholders over the payouts at its annual meeting at Wembley Stadium, also tomorrow.
ROBERT WALTERS fills in investors in on secondquarter trading after a strong run from the shares. Investec picks out the recruiter as the best in the sector.