Rose 直面するs M&S 株主 対決

By Tamsin Brown
Updated: 08:43 BST, 17 March 2009

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示すs & Spencer boss Sir Stuart Rose is on course for a fresh 対決 with institutional 投資家s irritated by M&S's continued 悲惨な 業績／成果 and worried the 小売 長，指導者 （権力などを）行使するs far too much 力／強力にする in the boardroom.

対決: M&S boss Sir Stewart Rose

An 影響力のある cadre of 株主s are understood to be 製図／抽選 up a 決意／決議 to be とじ込み／提出するd ahead of the company's 年次の 会合 that will call on Rose to 分裂（する） the 二重の 役割 of chairman and 長，指導者 (n)役員／(a)執行力のある.

Rose was controversially 促進するd to (n)役員／(a)執行力のある chairman last July, 原因（となる）ing an 前例のない 反乱 from 普通は placid 会・原則s worried Rose would be 責任のある to no one in setting 政策 and director 戦略.

His elevation was meant to be 一時的な, but no 後継者 has been 発表するd and 投資家s are becoming fed up as sales 宙返り／暴落する and 利益（をあげる）s slide.

Before his elevation, the 示すs leader worked with Lord Myners as his chairman.

観察者／傍聴者s say Myners was a doughty 闘士，戦闘機 when it （機の）カム to defending the company from Philip Green's unwanted 企て，努力，提案, but also a formidable 対抗者 across the boardroom （米）棚上げする／（英）提議する. The 会・原則s-have waited until M&S is at its weakest to strike. The last 始める，決める of 人物／姿／数字s in January were poor, with underlying sales 負かす／撃墜する 7.1%.

十分な-year 利益（をあげる）s are 予報するd to 減少（する） 40pc to £605m and 分析家s 推定する／予想する the final （株主への）配当 to be 削除するd.

This has been 反映するd in the 株 price, which has 刻々と 崩壊するd. Since hitting a high of almost 750p in May 2007, the 在庫／株 has 宙返り／暴落するd 65%. Last night 示すs の近くにd at 259?p (up 13?p), valuing the 着せる／賦与するing and homewares chain at just £4.1bn.

分析家s 恐れる that its problems are as much to do with how it is run as the 経済的な 下降.

The 動議, which would be put at the AGM in July, is 現在／一般に at an embryonic 行う／開催する／段階, sources say, so big 投資家s are reticent to go on the 記録，記録的な／記録する at this 行う／開催する／段階.

However, one said: 'Having one person in 告発（する），告訴（する）／料金 is not the 権利 sort of structure. There are discussions between some 株主s abo ut a 決意／決議 that will call for a 分離.'

The disgruntled M&S 株主s are understood to be in 会談 with the company about their 計画（する）s to とじ込み／提出する the 動議. They would like to see a 時刻表／予定表 輪郭（を描く）ing when Rose will 手渡す the reins over to a 後継者. M&S 拒絶する／低下するd to comment.