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.
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.
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.
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.
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.