Following a review of its advisory relationships, Marks & Spencer today announces the appointment of Citigroup and Morgan Stanley as joint brokers to the Company.
Both banks will continue to provide corporate advisory services to Marks & Spencer. As a result of the review, Cazenove will cease to act as the Company's broker.
Stuart Rose, Chief Executive, Marks & Spencer, said:
"We have made this decision because we needed to simplify our advisory arrangements. We would like to thank Cazenove for the high level of commitment and skill they have shown to Marks & Spencer over many years."
Contacts:
Corporate Press Office: 020 8718 1919
Amanda Mellor, Investor Relations: 020 8718 3604
