Marks & Spencer has been hit by a backlash over its plan to stop distributing paper shopping vouchers to thousands of small shareholders from the end of the month.
Read the full article on the Daily Mail website
NAM Implications:
- Looking like the making of an own goal by M&S?
- i.e. Withdrawal of a share-perk to the bulk of its small shareholders…
- …alienates most…
- …leading to mass sell-off of shares by this group (never to return?).
- Whilst institutional shareholders shie away, on this ‘demonstration’ of what looks like poor judgement…
- …possibly compounded by any reversal of the new policy by management.
