Stuart Machin
British businessman, CEO of Marks & Spencer
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01.07.2024Labour Party wins the general election
01.07.2024Labour Party wins the general election
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business 2025-07-06 16:45
Stuart Machin outlines plans for Marks & Spencer recovery after cyberattack - Marks & Spencer suffered significant disruption due to a cyberattack affecting payment processing.
- Stuart Machin, the chief executive, is focused on strategies to rebuild customer trust after the incident.
- The retailer aims to implement stronger safety measures while enhancing customer engagement during the recovery.
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politics 2025-07-01 09:22
M&S boss criticizes post-Brexit food labelling costs - Stuart Machin of M&S has raised serious concerns regarding the new labelling requirements for food products going to Northern Ireland.
- Over 1,000 M&S products must now include a 'Not for EU' label, adding visible costs and complexity to operations.
- Machin criticizes these measures as unnecessary, hoping for improvements through a forthcoming trade agreement with the EU.
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business 2025-06-02 11:22
M&S CEO Stuart Machin earns £7.1 million amid cyber attack fallout - Stuart Machin saw his pay package increase to £7.1 million due to performance-related bonuses.
- M&S has faced severe disruptions following a cyber attack, which has impacted its operations significantly.
- Despite challenges, M&S is expected to recover and grow as confirmed by its chairman.
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politics 2025-02-12 00:01
Stuart Machin warns UK retail faces job cuts without tax changes - Stuart Machin, chief executive of Marks & Spencer, expressed concerns about the potential shrinkage of the UK retail sector due to current Budget policies.
- Machin's criticisms highlight fears of job losses and slower wage growth in retail, with other businesses, such as Vertu Motors, echoing similar warnings.
- He called on Chancellor Rachel Reeves to make necessary tax adjustments to help protect jobs and businesses in the retail sector.
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business 2025-01-09 12:42
Stuart Machin vows to limit price hikes despite rising taxes - Marks & Spencer recorded a 5.6% increase in sales during the Christmas period, totaling £4.06 billion.
- CEO Stuart Machin indicated that rising costs, including increased national insurance contributions, would challenge the company's pricing strategy.
- The company plans to enhance operational efficiency and avoid significant job cuts amid these economic pressures, focusing on careful recruitment.
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