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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Marks And Spencer Group Plc | LSE:MKS | London | Ordinary Share | GB0031274896 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -5.10 | -1.94% | 257.80 | 257.50 | 257.70 | 262.30 | 255.80 | 262.10 | 17,900,480 | 16:35:29 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc General Mdse Stores | 11.93B | 363.4M | 0.1842 | 13.98 | 5.08B |
From Apr 2019 to Apr 2024
By Carlo Martuscelli
Marks & Spencer Group PLC (MKS.LN) said Tuesday that it has appointed former J Sainsbury PLC (SBRY.LN) Chief Executive Justin King to its board as a nonexecutive director.
The retailer said the appointment is effective from January. Mr. King previously worked at Marks & Spencer and helped pioneer its Simply Food convenience chain.
The appointment comes as the company seeks to address the 2.9% decline in like-for-like food sales it reported in November for its first half, overshadowing a beat on overall pretax profit, hurting the share price and contributing to S&P Global Ratings revising its outlook to negative from stable.
Marks & Spencer said Mr. King brings in-depth experience of retail transformation and a good historic understanding of the business and its values.
"Justin's appointment is a further step in the creation of a very strong transformation board for M&S and is the fourth new hire in the last year," Marks & Spencer said.
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
December 11, 2018 07:04 ET (12:04 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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