NEWSFLOW

NEWSFLOW

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You all know I am a Marks & Spencer (MKS) shareholder and - as I described here a couple of months ago - my basic view that the recent harsher and focused management style of Archie Norman and Steve Rowe has given the company the most viable future potential backdrop for a generation. I still think this despite being down on my two quid odd average in price and the recent resignation (or push out?) of the CFO, who I do not think was up to that sort of a job. Today's half-year update ('far reaching change - delivered at pace') is a classic interim statement…

NEWSFLOW

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Hello Share Takers. Gosh, it’s a heck of a long time since I sold all my Marks & Spencer (MKS) shares because they were static. I bought them for £3 a throw and what are they now, many, many years on? About 188p, that’s what...

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So the weekend press story that the Marks & Spencer (MKS) chief financial officer Humphrey Singer was set to resign has been confirmed this morning. Naturally it is all nice words ('I feel privileged to be a part of the challenging but hugely rewarding turnaround at Marks & Spencer') but let's face it, no CFO exits into the night if something is about to go hugely right – especially after some well-publicised tough times…

NEWSFLOW

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Investment is a credibility and confidence game. And part of this game is admitting that sometimes (actually quite often) you are wrong on shares.  But as always it is how you react that matters and with psychology being an important driver of share prices in the shorter-term, trying to work out what the average investor is thinking is part of the game.  

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Undoubtedly you have read in the press that embattled retailer Marks & Spencer (MKS) has just lost its fourth clothing chief in a decade. Apparently it is something to do with a lack of skinny jeans availability. Whatever...but it goes to show that M&S is still struggling to find its place in the modern day clothing retail market. Perhaps even more intriguingly Jill McDonald is going to be temporarily replaced by Steve Rowe, the current CEO of M&S...and ex-head of clothing. I cannot remember it doing that much better under his tenure...

NEWSFLOW