Marks Spencer Springs Buyback and Divi Surprise ; Retail

Evening Standard - London › November 06, 2007

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Summary

MARKS SPENCER chief executive Stuart Rose wrong-footed the City again today with a major share buyback programme and a rise in the dividend.

Many analysts had ruled out such moves before Christmas at the earliest, but Rose unveiled a buyback of up to Pounds 1 billion and lifted the interim dividend 31.7% to 8.3p.

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Extract

Marks Spencer Springs Buyback and Divi Surprise ; Retail

"These decisions reflect our confidence in the strength and f...

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