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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Giants Club: After wholesale butchery of Idi Amin's regime, Uganda’s giants flourish once again

Uganda's giants are flourishing once again

After the wholesale butchery of Idi Amin's regime, elephant populations are finally recovering
The London: After 350 years, the riddle of Britain's exploding fleet is finally solved

After 350 years, the riddle of Britain's exploding fleet is finally solved

Archaeologists will recover a crucial item from the wreck of the London which could help shed more light on what happened in the vessel's final seconds
Airbus has patented a jet that could fly from London to New York in one hour

Airbus has patented a jet that could fly from London to New York in one hour

The invention involves turbojets and ramjets - a type of jet engine - and a rocket motor
10 best sun creams for kids

10 best sun creams for kids

Protect delicate and sensitive skin with products specially formulated for little ones
Tate Sensorium: New exhibition at Tate Britain invites art lovers to taste, smell and hear art

Tate Sensorium

New exhibition at Tate Britain invites art lovers to taste, smell and hear art
Ashes 2015: Nice guy Steven Finn is making up for lost time – and quickly

Nice guy Finn is making up for lost time – and quickly

He was man-of-the-match in the third Test following his recall to the England side
Ashes 2015: Remember Ashton Agar? The No 11 that nearly toppled England

Remember Ashton Agar?

The No 11 that nearly toppled England
Turkey-Kurdish conflict: Obama's deal with Ankara is a betrayal of Syrian Kurds and may not even weaken Isis

US betrayal of old ally brings limited reward

Since the accord, the Turks have only waged war on Kurds while no US bomber has used Incirlik airbase, says Patrick Cockburn
VIPs gather for opening of second Suez Canal - but doubts linger over security

'A gift from Egypt to the rest of the world'

VIPs gather for opening of second Suez Canal - but is it really needed?
Jeremy Corbyn dresses abysmally. That's a great thing because it's genuine

Jeremy Corbyn dresses abysmally. That's a great thing because it's genuine

Fashion editor, Alexander Fury, applauds a man who clearly has more important things on his mind
The male menopause and intimations of mortality

Aches, pains and an inkling of mortality

So the male menopause is real, they say, but what would the Victorians, 'old' at 30, think of that, asks DJ Taylor
Man Booker Prize 2015: Anna Smaill - How can I possibly be on the list with these writers I have idolised?

'How can I possibly be on the list with these writers I have idolised?'

Man Booker Prize nominee Anna Smaill on the rise of Kiwi lit
Bettany Hughes interview: The historian on how Socrates would have solved Greece's problems

Bettany Hughes interview

The historian on how Socrates would have solved Greece's problems
Art of the state: Pyongyang propaganda posters to be exhibited in China

Art of the state

Pyongyang propaganda posters to be exhibited in China
Mildreds and Vanilla Black have given vegetarian food a makeover in new cookbooks

Vegetarian food gets a makeover

Long-time vegetarian Holly Williams tries to recreate some of the inventive recipes in Mildreds and Vanilla Black's new cookbooks