HSBC Holdings Plc appointed Stuart Rose, former chairman and chief executive officer of Marks & Spencer Group Plc, to its investment-banking unit’s European advisory council, according to a person briefed on the move.
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.
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.
CVC Capital Partners Ltd. has “informally” approached former Marks & Spencer Group Plc Chief Executive Office Stuart Rose about becoming non-executive chairman of Delta Topco, the holding company of Formula One, Sky News City Editor Mark Kleinman reported in his blog on the website. Delta Topco directors have also contacted several other people about the role, Kleinman said, citing unidentified people in London’s financial industry.