Business Diary: New M&S boss loses another key colleague
Wednesday 26 May 2010
Marc Bolland, the new chief executive of Marks & Spencer, is proving accident-prone when it comes to his colleagues. First Ian Dyson, the retailer's finance director, resigned a day after Mr Bolland's arrival, and now he will have to do without Kate Bostock, head of general merchandise, for a while. She broke her leg at the weekend doing a charity parachute jump. M&S is unable to say when she'll be back to work – on the plus side, Bostock raised £30,000 for Breakthrough Breast Cancer.
Sir Stuart won't swap ballroom for boardroom
As for Sir Stuart Rose, the soon-to-move-on M&S chairman, will he take up rival retail tycoon Sir Philip Green's suggestion that he'd be an ideal contestant for the BBC's Strictly Come Dancing? Sir Stuart says not. "I am ruling myself out," he told journalists yesterday, although he does apparently plan on having more fun once he leaves. That is likely to be good for the West End night spot Annabel's.
Clash of the market crisis titans, take two
The world's financial markets hosted a tug-of-war yesterday, with the eurozone crisis that began in Greece vying for attention with the escalating tensions between North and South Korea. Both had a negative effect on prices, but traders took varying views on which of the two situations was most dangerous. By a strange coincidence, Greece's footballers took on North Korea in an international friendly match last night. A chance to settle the dispute.
The RBS hospitality budget blooms
No sign yet that the coalition Government is taking a more hands-on approach with the state-owned banks than its predecessor – there certainly seems to have been no change in its approach to corporate hospitality. Royal Bank of Scotland, for example, has been seen busily entertaining guests at this week's Chelsea Flower Show.
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