News

Marks & Spencer has joined retailers trying to lure shoppers on to the high street before Christmas with plans for a flash sale across its stores tomorrow.

Lifestore faces axe as Green plots fresh offer for Marks & Spencer

Stuart Rose, the new chief executive of Marks & Spencer, is preparing to ditch Lifestore, the retailer's ill-fated foray into stand-alone homeware stores.

Rose in line for £2m pay-off if Green bid for M&S succeeds

Stuart Rose, the new chief executive of Marks & Spencer, will be entitled to a £2.1m pay-off if Philip Green's bid for the retail chain succeeds.

M&S calls in Rose to defend hostile bid

Chairman and chief executive ousted. Non-executives lost confidence in Roger Holmes two weeks ago

Stuart Rose favourite for M&S job

Stuart Rose, the former boss of Arcadia, yesterday emerged as the frontrunner to become Marks & Spencer's next chairman as the troubled retailer confirmed that Luc Vandevelde was stepping down.

The Investment Column: Booker

WHO WOULD have thought it? Booker, that dull old cash and carry business, is trying to become an Internet stock. That was the implication of its announcement yesterday that Booker plans to use its huge distribution and warehouse capability to offer a delivery service to online partners.

Books: A runaway juggernaut

Emma Cook talks to Booker Prize survivors about the literary event nobody can dent

Outlook: Allied Carpets

A FULL-BLOWN carpet auction finally seems in prospect. Allied Carpets, the loss-making retail struggler, has bidders queueing at its door. Three would-be buyers have so far declared their hand and, if the company's propaganda machine is to be believed, there are more waiting in the wings.

Parliament & Politics: The Sketch - Pilot schemes scramble to attack yawns at four o'clock

GETTING THROUGH education and employment questions is a bit like tackling an arduous ice-climb. You need artificial aids if you are not to lose your grip on the almost frictionless surface and slither, in one long accelerating glissade, until you crunch fatally into business questions at the bottom. I had a couple of nasty falls yesterday, and found myself suddenly brought up short by the safety rope, wondering where I was. But in the end, with the help of the crampons of fantasy and the trusty ice- axe of idle speculation, I made it.

Booker sells food services for pounds 125m

BOOKER, THE debt-laden cash & carry group, has agreed to sell its food service operations to a South African group, Bidvest, for pounds 124.7m. Booker will book a pounds 50.5m loss on the deal and there will be an exceptional charge of pounds 98m to the accounts in the current year to cover a goodwill write-off, writes Nigel Cope.

Panel dismisses GUS complaints against Argos

THE TAKEOVER PANEL yesterday unanimously dismissed the remaining complaints registered by Great Universal Stores regarding claims made by the former Argos team during its successful pounds 1.9bn bid for Argos last year.

City takes fright at pounds 23m Booker charge

BOOKER, the debt-laden cash-and-carry business, is cutting 600 jobs and taking an exceptional charge of pounds 23m as part of a deal to sell its food distribution division. The company is selling Booker Wholesale Foods (BWF) to food wholesaler Palmer & Harvey for a knock-down pounds 4.4m as it strives to reduce its pounds 650m debt mountain.

Takeover Panel throws out GUS appeal

THE TAKEOVER Panel yesterday unanimously dismissed an appeal by Great Universal Stores relating to its successful pounds 1.9bn bid for Argos last year.

Football: Robinson times it right for Wolves

Wolverhampton Wanderers 2 Sheffield United 1
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Prices correct as of 17 October 2014
The drugs revolution starts now as MPs agree its high time for change

The drugs revolution starts now as MPs agree its high time for change

Commons debate highlights growing cross-party consensus on softening UK drugs legislation, unchanged for 43 years
The camera is turned on tabloid editors in Richard Peppiatt's 'One Rogue Reporter'

Gotcha! The camera is turned on tabloid editors

Hugh Grant says Richard Peppiatt's 'One Rogue Reporter' documentary will highlight issues raised by Leveson
Fall of the Berlin Wall: It was thanks to Mikhail Gorbachev that this symbol of division fell

Fall of the Berlin Wall

It was thanks to Gorbachev that this symbol of division fell
Halloween 2014: What makes Ouija boards, demon dolls, and evil clowns so frightening?

What makes ouija boards and demon dolls scary?

Ouija boards, demon dolls, evil children and clowns are all classic tropes of horror, and this year’s Halloween releases feature them all. What makes them so frightening, decade after decade?
A safari in modern Britain: Rose Rouse reveals how her four-year tour of Harlesden taught her as much about the UK as it did about NW10

Rose Rouse's safari in modern Britain

Rouse decided to walk and talk with as many different people as possible in her neighbourhood of Harlesden and her experiences have been published in a new book
Welcome to my world of no smell and odd tastes: How a bike accident left one woman living with unwanted food mash-ups

'My world of no smell and odd tastes'

A head injury from a bicycle accident had the surprising effect of robbing Nell Frizzell of two of her senses

Matt Parker is proud of his square roots

The "stand-up mathematician" is using comedy nights to preach maths to big audiences
Paul Scholes column: Beating Manchester City is vital part of life at Manchester United. This is first major test for Luke Shaw, Angel Di Maria and Radamel Falcao – it’s not a game to lose

Paul Scholes column

Beating City is vital part of life at United. This is first major test for Shaw, Di Maria and Falcao – it’s not a game to lose
Frank Warren: Call me an old git, but I just can't see that there's a place for women’s boxing

Frank Warren column

Call me an old git, but I just can't see that there's a place for women’s boxing
Adrian Heath interview: Former Everton striker prepares his Orlando City side for the MLS - and having Kaka in the dressing room

Adrian Heath's American dream...

Former Everton striker prepares his Orlando City side for the MLS - and having Kaka in the dressing room
Simon Hart: Manchester City will rise again but they need to change their attitude

Manchester City will rise again but they need to change their attitude

Manuel Pellegrini’s side are too good to fail and derby allows them to start again, says Simon Hart
Isis in Syria: A general reveals the lack of communication with the US - and his country's awkward relationship with their allies-by-default

A Syrian general speaks

A senior officer of Bashar al-Assad’s regime talks to Robert Fisk about his army’s brutal struggle with Isis, in a dirty war whose challenges include widespread atrocities
‘A bit of a shock...’ Cambridge economist with Glasgow roots becomes Zambia’s acting President

‘A bit of a shock...’ Economist with Glasgow roots becomes Zambia’s acting President

Guy Scott's predecessor, Michael Sata, died in a London hospital this week after a lengthy illness
Fall of the Berlin Wall: History catches up with Erich Honecker - the East German leader who praised the Iron Curtain and claimed it prevented a Third World War

Fall of the Berlin Wall

History catches up with Erich Honecker - the East German leader who praised the Iron Curtain and claimed it prevented a Third World War
How to turn your mobile phone into easy money

Turn your mobile phone into easy money

There are 90 million unused mobiles in the UK, which would be worth £7bn if we cashed them in, says David Crookes