UK: M&S MAY PAY DIVIDEND OUT OF RESERVES

Article Abstract:

Marks & Spencer appears to be moving towards paying a dividend from its reserves, or alternatively may increase its gearing. Either option would avoid the need to cut its final dividend, due at end-of-year results in May. The market appears to have little enthusiasm for such a move, as it cannot be seen as a long-term solution. M&S is already planning to raise GB[pound] 400mn through the sale and securitisation of non-trading properties, having maintained the interim dividend at 3.7p a few weeks ago.

Financial management, Finance

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UK: M&S SENDS MANAGERS BACK TO SHOP FLOOR

Article Abstract:

Marks & Spencer (M&S), the UK based department store, has revealed that it is to send some 2,000 head office managers back to the shop floor over the Christmas period. Although other large retailers regularly send their executives to the shop floor, this is said to be the first time that M&S has done so. The aim of the project is to boost flagging sales and improve service levels. The company's chairman, Luc Vandevelde, is also to be involved in this project.

Management dynamics, Department stores, Personnel administration, Human resource management, Brief Article

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