Article Abstract:
Dennis Cassidy is chairman of Liberty, a retailer, and faces problems at that company, but he also has problems at two other companies where he is chairman. He has been chairman of Ferguson International since 1990 and the company has issued three profit warnings in 1997. Cassidy has offered to resign from the chairmanship of Ferguson, but his resignation would have left the company without top management with experience, and his offer was turned down. He is also chairman of Oliver Group which has performed poorly in terms of its stock price.
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Article Abstract:
Marks and Spencer is a UK retailer specializing in clothing and food, which aims to expand its book sales through a focus on cookery and childrens' books. M and S is negotiating with a major publisher over production of the books. The company already sells leisure and reference books. The expansion could lead to competition among publishers and the line would compete with an exitsing line of non-fiction work produced by Quarto and Dorling Kindersley.
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Article Abstract:
Arcadia has a new chief executive and has issued strong trading figures, and is selling some brands, which should help the company's cash flow.
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