Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

M&S cuts targets for bonus payout

Marks & Spencer directors will need to boost earnings per share by 8% to get their full bonus next year, according to the retailer's annual report published today.

Reaching the target would see chief executive Sir Stuart Rose get a payout of four times his salary, around £4.5 million.

However, earnings per share would have to reach around 43.6p, and most analysts are forecasting a figure of around 40p.

The target has been cut from this year's missed target of 12%, which saw the company bonus vastly reduced.

Marks & Spencer said that the reduction in the profits target reflected the more difficult trading climate anticipated across the high street.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.