Stuart Rose News
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Almost a quarter of Ocado Group Plc shareholders voted against the company’s annual remuneration report as investors registered a protest.
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The U.K. must renegotiate its relationship with the European Union, according to a business lobby group set up to campaign for such changes before the country’s planned referendum on membership in the bloc.
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Ocado Group Plc, the unprofitable U.K. online grocer, named former Marks & Spencer Group Plc boss Stuart Rose as its new chairman, adding weight to its leadership to help dispel doubts over the future viability of the business.
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Ocado Group Plc, a British internet-only grocer, gave Chief Executive Officer Tim Steiner a 29 percent raise for the current year because of his “significant individual performance.”
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Robert Swannell , who helped defend Marks & Spencer Group Plc against billionaire Philip Green ’s takeover bid six years ago, will replace Stuart Rose as chairman of the U.K.’s largest clothing retailer.
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Marks & Spencer Group Plc chairman Stuart Rose earned 48 percent more last year, even as the U.K.’s largest clothing retailer cut its dividend.
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U.K. stocks erased their decline as investors awaited a U.S. house-sales report and earnings from Google Inc. and Johnson & Johnson.
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Marks & Spencer Group Plc, the U.K.’s largest clothing retailer, rose the most in almost four years in London trading on speculation that the Qatar Investment Authority is considering an 8 billion-pound ($12 billion) offer.
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Ocado Group Plc, the U.K.’s largest Internet-only grocer, may fail to break into profit this year as sales growth trails the online businesses of the main supermarket chains, putting a share price rally at risk.
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Stuart Rose , former chief executive officer of Marks & Spencer Group Plc, joined Bridgepoint Capital Ltd. to advise the private-equity firm on investments in the retail industry.
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