M&S Faces Growing Unrest Over Sir Stuart's Promotion

Daily MailMarch 12, 2008

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Summary


MARKS & Spencer is facing growing opposition to its plans to elevate Sir Stuart Rose to the chairmanship, with fund managers Fidelity and M& G among those unhappy with the changes.

Legal & General, M& S's second largest shareholder, has already criticised the decision to promote Rose, as has the Association of British Insurers.

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M&S Faces Growing Unrest Over Sir Stuart's Promotion

City sources said Fidelity, which has a 1.3pc stake in the retailer, has pr...

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