UK: M&S Worst For Destroying Value
Marks and Spencer has been deemed the company that destroyed the most shareholder value over the past three years, according to a study by monitoring consultants Oak Administration. In a report to be published today the Oak Administration reveal that boardroom reshuffles, tough trading and profit warnings all lead to investors seeing the company's total shareholder return drop by more than 67 per cent between December 1997 and December 2000.
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