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

Speculation swirls around Rose's holding in Marks & Spencer

Former Marks & Spencer chairman Sir Stuart Rose is at the centre of speculation that he has sold a big tranche of shares in the retailer.

There were restrictions on Rose reducing his stake until the beginning of this month but he has been keen to diversify his interests, the Daily Mail reported.

Sources said that a disposal by Rose would not be seen as a vote of confidence in Marks & Spencer under its new leadership.

Rose would not say whether he had sold shares but told the newspaper: “I am still a shareholder of M&S.”

Asked if he was still a substantial shareholder he replied: “That depends on what you call substantial – I have more than five bobs worth.

“Now that I have left M&S I don’t have to quantify my holding – for once privacy’s on my side.”

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.