Shares digital

The appointment of Stuart Rose as executive chairman of Marks & Spencer (MKS) has annoyed corporate governance, tied him to the business until 2011 and started speculation about his successor, with the FD Ian Dyson now the favourite candidate.

M&S is rumoured to be suffering from tough trading and profits forecasts are being downgraded. The director of retail has also been replaced after only a year.

Shares says: Any rerating depends on an improvement in consumer sentiment. JM

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