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M&S closure plans trigger £300m charge

M&S closure plans trigger £300m charge

Business
Marks & Spencer is braced for a financial hit of up to £300m from an expanded store closure programme that reflects brutal trading conditions on the British high street. Sky News has learnt that the retailer will announce as part of its annual results on Wednesday a huge charge triggered by costs associated with its efforts to shrink underperforming parts of its store portfolio.A source close to M&S said the company was expected to include so-called adjusted‎ items worth approximately £500m in its 2017 results statement.Of that sum, between £200m and £300m is related to the company's plans to shut 100 UK shops by 2022 as well as a number of international outlets, a source said.Those costs include charges related to lease‎s, staff redundancy...
Colao to step down from Vodafone after 10 years in charge

Colao to step down from Vodafone after 10 years in charge

Business
Vodafone's chief executive Vittorio Colao will step down on October 1 after more than 10 years in charge of the world's second-largest mobile phone company. Nick Read, group chief financial officer, who will become chief executive designate from July 27, will replace Mr Colao.Under Mr Colao's tenure, Vodafone sold its joint venture with Verizon for $ 130bn and merged its business in India with Idea Cellular.Last week, Vodafone agreed to buy Liberty Global's cable operations in four European countries for £16.1bn as the mobile phone operator extends its reach to 110 million homes and businesses by offering fixed-line and TV services.Vodafone group chairman Gerard Kleisterlee said: "I would like to express our gratitude to Vittorio for an outstanding tenure."He has ...
Ant McPartlin WON'T appear in court tomorrow despite drink-drive charge

Ant McPartlin WON'T appear in court tomorrow despite drink-drive charge

Entertainment
The planned court hearing has been delayed.In a statement,Wimbledon Magistrates Court said: "A adjournment in this case has been agreed, therefore Ant McPartlin will not be appearing at Wimbledon Magistrates’ Court, on Wednesday 4th April 2018."The new date of hearing has not yet been confirmed."Last month, Ant, 42, was arrested after crashing his Mini into two cars as he headed home from walking his dog Hurley.PATROUBLED: Ant McPartlin is currently in rehabWENNDELAYED: Ant McPartlin's court hearing has been delayedAnt and Dec's Saturday Night Takeaway's best moments See the funniest moments on the best loved show Ant and Dec's Saturday Night Takeaway.WENN Ant and Dec perform with Kylie Minogue on Ant and Dec's Saturday Night Takeaway “A adjourn
FA boss Martin Glenn criticised for ‘offensive’ comments about Pep Guardiola yellow ribbon charge

FA boss Martin Glenn criticised for ‘offensive’ comments about Pep Guardiola yellow ribbon charge

Sports
Martin Glenn has been criticised by the the Jewish Leadership Council for his 'offensive' commentsMonday, March 5, 2018Football Association chief executive Martin Glenn has been criticised for his "ill-judged", "offensive" and "inappropriate" explanation of his organisation's response to Pep Guardiola's yellow ribbon.In trying to justify the FA's decision to charge Guardiola with "wearing a political message", Glenn appeared to equate the Star of David with a swastika.Read Glenn's comments IN FULL here: Pep Guardiola warned by FA chief Martin Glenn over yellow ribbonJewish Leadership Council chief executive Simon Johnson said: "I have no problem with The FA clarifying Rule 4 and specifying that ALL religious symbols are prohibited on a kit if that is the case."But, in explaining ...
Canadian landscaper faces sixth murder charge

Canadian landscaper faces sixth murder charge

World
Feb. 23 (UPI) -- The Canadian landscaper accused of killing multiple men and hiding their bodies in planters faces a sixth charge of murder, Toronto police announced Friday.Prosecutors charged Bruce McArthur, 66, with first-degree murder in the disappearance of Skandaraj "Skanda" Navaratnam during a court appearance. He already faced five murder charges filed in January.Police said they believe there could still be more victims and multiple murder scenes.Earlier this month, they said they recovered the remains of six people in planters on a property where McArthur provided landscaping services.Police initially arrested McArthur in early January for the slayings of Selim Esen, 44, who went missing in April, and Andrew Kinsman, 49, who went missing in June.Later in January, they charged him ...