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CONTENTS
1. Introduction
2. Financial management policies and structures
1. Capital investment decisions
1. Financial decisions
2. Dividend decisions
3. Investment decisions
3. Working capital management
4. Risk management
5. Strategic decisions
6. Social, ethical and environmental decisions
7. Evaluation of usefulness of Hermes principle
Appendices
1) Retail gearing
2) Share
3) Dividend paid
4) Business model
5) Profitability
6) Working capital cycle
7) Revenue
8) Bibliography
FROM: Itayi Mutete
TO: Neil
SUBJECT: An Investigation of Marks and Spencer and the Hermes principles
DATE: 11/04/08
1. Introduction
Marks & Spencer Plc (M&S) is an international retailer which is currently operating in 34 countries and has established over 600 UK stores as well as over 219 franchise stores. The company trades in clothing, home furnishings and foods. The company’s corporate objective is to increase long-term shareholder wealth.
The aim of the report is to evaluate the financial management policies and practices of Marks and Spencer plc (M&S). Hermes principles wi ...