Unit 1 P1, P2, M1, D1

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Newspaper Series Title: Business Watch By: Mia Toretto Date: 26th September 2014 Article Title: Article 1: An investigation into organisations located in London from different sectors. This research examines two contrasting organisations and discusses their different purposes and type of ownership. The two businesses are Marks and Spencer Group plc (M&S) and St Luke’s Hospice. Marks and Spencer Group plc M&S is an international retailer with stores in 54 international territories. They sell general merchandise, clothes, quality food and finance such as M&S bank. M&S was established at Kirkgate Market, Leeds in 1884, it has grown from a single market stall to being a Public Limited Company (plc). It is listed on the London Stock Exchange is included in the FTSE 100 Index (list of top performing 100 companies) and has Group revenue of £10.3bn. Their UK turnover is split between Food (55%) and General Merchandise (45%). M&S has stores all over the world and their largest presence is within the UK with 798 stores and 455 international stores and they employ around 86,000 employees globally. The statement below extracted from their corporate website shows that M&S is trying to produce what their customers want today without having a bad effect on what people want in the future – this is called ‘sustainability’ for instance M&S recycle clothes handed in at their stores. M&S wants to continue to remain true to their “founding values of Quality, Value, Service, Innovation and Trust, we work hard to ensure our offer continues to be relevant to our customers. We aim to become the world's most sustainable retailer and Plan A, our eco and ethical programme, is at the very heart of how we do business”. M&S is a retailer and is part of the tertiary sector as it provides a service.

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