If a company’s health can be judged by the clarity of the statements it makes, Marks & Spencer is sick indeed. Its long, comprehensive and in parts incomprehensible statement with Tuesday’s figures is stuffed with jargon, phrases designed to cheer up the troops, while some key news is glossed over.
The Great Debate UK
— Neil Collins is a Reuters columnist. The opinions expressed are his own —
Sir Richard Greenbury has had a Damascene conversion. The former boss of Marks & Spencer tells The Times that he’s now in favour of continental-style two-tier boards, contrary to his own report into corporate governance 14 years ago.