Marks & Spencer (MAKSY) stock gained on Friday morning after it appointed a new chairman, the second key hire in a turnaround plan this week, sending shares to their highest point in nearly a year.
Norman, who stepped down as chairman of broadcaster ITV PLC (LON:ITV) in January 2016 and has also been a Conservative MP and shadow minister, will succeed Robert Swannell, whose retirement was announced in December.
Mr Norman stepped down as ITV chairman previous year and has led a number of major businesses including Kingfisher and Energis.
"The plans will improve the M&S store estate to better meet customer needs and include opening 200 new Food-only stores and selling Clothing and Home from 60 fewer locations", the company said.
"Archie brings a breadth of experience with an extensive track record in retail and brands", M&S said.
The announcement comes at a critical time for the high street stalwart as it closes stores, boosts its food business and seeks to revive its clothing division, which once drove profits at the retailer.
He worked for management consultants McKinsey before joining Kingfisher.
Clive Black, retail analyst at Shore Capital, said: "Mr Norman is a formidable appointment who, alongside Steve Rowe, who is CEO of M&S, means that there are two very strong characters at the helm of a once great British label that is trying to refind its goal and relevance to the British shopper to profitable effect".
"Having conducted a very rigorous appointment process, it was clear to us that Archie was the best person to be chairman", said Vindi Banga, M&S' senior independent director. McDonald will join in the autumn.
Indian oil explorers fell on weaker crude oil prices, with ONGC and Oil India declining more than 2 percent each. The market also cheered the government's new policy aimed at boosting steel output and consumption.
Wizards F Markieff Morris started after leaving the series opener in the second quarter with a left ankle sprain. The home team has now won and covered the spread in all five meetings between these two this season.
The shaken witness ran into the clubhouse and looked out the windows of the building, where he saw two bloody people. Then, they saw three people who had been shot on a sidewalk. "Six or seven shots were fired at the pool.
Indeed, Republicans appeared eager to ignore Trump's latest outburst and focus on an agreement they said was worth supporting. Mulvaney said the president was "frustrated" that Democrats "went out there to spike the football and make him look bad".
The match began after the fourth seeded Indian took the first game 21-15 and looked in a phenomenal touch. A win in this game would have actually assured a Bronze Medal for Sindhu which has now become a dream.
Well done droid builders! "BB-8 seemed like the right fit because he's such a fun character, and this book is amusing , too". This is because despite his efforts to turn his students to the light side, one was still seduced by the dark.
Power Grid (+2.43%), TCS (+1.63%) were the top gainers on Sensex too, while Lupin (-2.79%), Adani Ports (-1.62%) traded lower. Not surprisingly, banking stocks rallied with the BSE Bankex ending the day as the best performing sectoral index.
Omaha Police Chief Todd Schmaderer said the deputy's gun was recovered at the site of Correa-Carmenaty's capture. Sources say that the funeral for Deputy Burbridge will be held Monday at the Mid-America Center.
Werth swiped second as Jose Lobaton struck out, and got up and banged into shortstop Asdrubal Cabrera when the throw skipped away. Wheeler is 2-7 with a 5.09 ERA in nine career starts against Washington and has given up 30 earned runs in 53 innings.
Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts. Acosta said he had "serious questions as to whether the secretary of labor had the power to enact this in the first place".
On average, analysts predict that General Electric Company will post $1.63 earnings per share for the current fiscal year. There are advantages to using a moving average in your trading, as well options on what type of moving average to use.
Finally, Raymond James Financial Services Advisors Inc. raised its position in shares of Groupon by 17.1% in the fourth quarter. Highbridge Capital Management LLC acquired a new position in shares of Groupon during the fourth quarter worth about $113,000.
Sterling was most familiar around town for selling CDs in the parking lot of the Triple S, in largely poor north Baton Rouge . Witness and police accounts differed on whether Sterling was threatening officers and whether he had reached for a gun.
But he's also valuable in coverage as his speed and mobility enable him to cover even the NFL's most athletic tight ends. That is why it is no shock that the Arizona Cardinals selected Haason Reddick with the 13th pick in the 2017 NFL Draft.
Christina Marquez, right, picks up her son Angelo Marquez at the scene of a school bus crash Thursday, May 4, 2017, in Las Vegas. Bailey Middle School at the time of the wreck, said David Sheehan, a spokesman for the Clark County School District.
Ibaka was on the Oklahoma City Thunder team that James and the Miami Heat defeated in the 2012 NBA Finals to win the championship. The atmosphere was wild, the team was amped, but they couldn't shake a stick at the Cavaliers in games five and six.
Afghanistan disputes portions of its almost 2,600-kilometer border with Pakistan, which is known as the Durand Line. According to ISPR, Afghan Border Police opened fire on FC detailed for security of Population Census team.
However, the language in its monetary policy statement was not enough to convince traders that a June rate hike was off the table. By a unanimous decision, the FOMC voted to leave the target federal funds rate in a range of 0.75% to 1%.
Speaking at a convention centre in northern Paris, Macron, however, said Le Pen "had fed off worry and hate for years". A Hollande voter in the last election in 2012, Dubois said he embraced Le Pen not out of anger but disappointment.
Youve got to be ready for the next regardless of whether won or lost. "We're all aware and understand that fully". The Boston Bruins came into their 2017 postseason run with the statistical advantage over the Ottawa Senators.
The Galaxy S8 series owners have begun to receive the new OTA (Over-The-Air) update , which brings the Bixby Voice feature . The Galaxy S8 is sort of a comeback after that appalling fiasco, and it appears Samsung has indeed made a strong comeback.
He has also barred her from watching the fight on TV, and she will be informed of the outcome via a telephone call. I haven't fought anyone like him. "I can't box the way Fury boxed and expect it to be as simple as that for me.
Mnuchin was asked if he stood behind his own promise of no absolute tax cuts for the wealthy, and he said that was the objective. Yet during an interview on Thursday's Today show, Mnuchin was back to claiming that the plan "is about a middle-income tax cut".
Tillerson will have separate meetings Friday with British Foreign Secretary Johnson, Chinese Foreign Minister Wang Yi, and U.N. South Korean and USA intelligence officials are trying to determine the type of missile used by North Korea for this launch.
Ahead of the coming week, Investing.com has compiled a list of these and other significant events likely to affect the markets. The U.S. rig count rose by 9 to 697, extending an 11-month drilling recovery to the highest level since August 2015.