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The Latest Breaking News from Stuart Machin

Thousands of retail workers to get 5 per cent pay rise next month

Marks & Spencer said it will spend about £95 million on pay increases in April as the minimum wage rises across the UK

The Independent UK

Business hiring at its weakest since the pandemic following Budget tax raid on employers

Researchers warns there is unlikely to be any “significant improvement” in the near future

Evening Standard

M&S boss says Government must ‘act now’ as Budget risks shrinking UK retail

Stuart Machin, writing in the Sunday Times, called on Chancellor Rachel Reeves to ‘act now’ and make changes to her tax plans.

Evening Standard

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M&S chief accuses government of raiding retail sector ‘like a piggy bank’

Stuart Machin says the government’s latest tax policies risk stifling growth

The Independent UK

M&S boss says UK retailers being ‘raided like a piggy bank’ over planned tax rises

Stuart Machin also speculates about whether successive governments have been guilty of ‘snobbery’ towards retail

The Guardian - UK

Big retail will cope – but Reeves’ NICs raid is too much, too soon for part-timers

In the hospitality sector, where labour costs are a bigger proportion of the overall base, employers have fewer options

The Guardian - UK

M&S vows to constrain price rises after Budget hit but warns task ‘not easy’

Shares plunged as boss Stuart Machin also cautioned of an ‘uncertain’ economic picture, taking the shine off bumper Christmas trading.

Evening Standard

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Marks & Spencer sales surge over Christmas, boosted by bumper food division

The retailer saw a record sales day for its food department during the festive period.

Evening Standard

‘We have a lot more to do’: no pats on the back at M&S despite blockbuster year

Turnaround is in full swing and bearing fruit, but bosses are only too aware of a history of revamps that failed to stick

The Guardian - UK

Marks & Spencer given permission to demolish flagship Oxford Street store

Angela Rayner has given M&S the green light after Michael Gove refused the application last year

The Independent UK

Cost increases for shops and pubs are real and large. Pity the small operators

M&S will pay an extra £60m in employer national insurance next year, but it can cope. Smaller firms may not

The Guardian - UK

M&S profits rise but retailer warns of £60m hit from Reeves’s budget

Concerns over increase in national insurance contributions and minimum wage on customers and suppliers

The Guardian - UK

M&S reveals £120m hit from Budget measures

The firm said it would do ‘everything we can’ not to pass on the extra costs to consumers, but ‘cannot rule anything out’.

Evening Standard

Cost of living fears rise as pubs and supermarkets warn of Budget “double whammy”

Outspoken Wetherspoons boss Tim Martin is amongst those expressing concern

The Independent UK

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Evening Standard

Marks & Spencer sees profits surge, but cautions over consumer pressures

The retailer reported underlying pre-tax profits up 17.2% to £407.8 million for the six months to September 28.

The Guardian - UK

M&S increases stocks of smaller womenswear sizes due to higher demand

Rise in sales of ranges in six to 10 suggests retailer has been successful in appealing to younger demographic

The Guardian - UK

M&S gets it right (finally) on annual meetings. Others should make an effort

Last year’s ‘digital-only’ event ruffled feathers. This year’s hybrid meeting fuelled greater attendance and more openness

Evening Standard

CEOs paid too little? That sounds a bit rich

City Comment: More of our executives would go to the US if they were truly underpaid

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Evening Standard

OPINION - Marks and Spencer have turned it round completely — and this is how

In January 2008, Jeremy Paxman wrote an angry letter to then Marks and Spencer boss Sir Stuart Rose about the state of his pants. They were letting him down. The Newsnight presenter said: “I’ve noticed that something very troubling has happened. There’s no other way to put this. The pants…

The Guardian - UK

M&S’s revival is the real deal – don’t mess it up again

The retail giant has clocked up 12 consecutive quarters of sales growth but it must remember mistakes of the past

The Guardian - UK

Marks & Spencer boss hails ‘growth story’ as annual profits rise 41%

Pre-tax profits increase to £672.5m and retailer says it will reduce costs further as part of five-year plan

Evening Standard

This M&S Marble Arch saga is now an unholy farce

City Comment: Oxford Street and the broader West End need clarity — and soon

Evening Standard

Oxford Street clash between M&S and Michael Gove reaches the High Court

Flagship store planning dispute could end in the departure of one of the famous shopping street’s biggest names

The Guardian - UK

M&S has Waitrose in its sights as it hails ‘best ever Christmas’

Retail group has opened larger stores, cut prices on basics and persuaded food shoppers to use it for more than just sandwiches

The Guardian - UK

Global trade falls amid Houthi attacks on merchant ships in Red Sea

Maersk boss says it could take months before trade route is safe to traverse

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