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		</div><p>The City will look for more details on how the new boss at Marks &#038; Spencer plans to turn the retailer around, profits at airline Ryanair are expected to soar despite recent terror attacks, while top brass at Royal Dutch Shell will be wary of a rough ride over pay at the oil major&#8217;s AGM.</p>
<p>M&#038;S&#8217;s new boss Steve Rowe will be looked to for further details on his turnaround plan for the retailer&#8217;s beleaguered clothing division when he reports full-year figures on Wednesday.</p>
<p>Mr Rowe &#8211; who took on the top job from Marc Bolland in April &#8211; pledged to restore the fortunes of its general merchandise arm after reporting a 2.7% slide in like-for-like sales for the 13 weeks to March 26.</p>
<p>He branded the performance as &#8221;unsatisfactory&#8221; and has said he would remain in charge of the clothing business because he was &#8221;personally committed&#8221; to getting it right.</p>
<p>He has a task on his hands, however, given the dismal conditions for womenswear retailers in April, with Next recently warning over profits after last month&#8217;s cold weather.</p>
<p>It said the lacklustre figures could indicate a wider slowdown in consumer spending.</p>
<p>But despite the ongoing woes at the clothing division, M&#038;S&#8217;s annual underlying pre-tax profits are expected to edge higher, up 1.8% to £673 million.</p>
<p>This would mark the second full-year profits rise in a row after it halted a four-year run of falling earnings in the previous year.</p>
<p>M&#038;S has been helped by robust performance from its food division, which held like-for-like sales flat against tough conditions in the grocery sector amid a supermarket price war.</p>
<p>The chain has also been making efforts to cut sourcing costs in the general merchandise business, which is helping push up profits.</p>
<p>But investors will be keen to hear more on Mr Rowe&#8217;s plans for the group following his move to cull a raft of senior executives earlier this month.</p>
<p>He announced he will almost halve the number of senior executives from 20 to just 11 as part of a management reshuffle.</p>
<p>The group has also recently scored another coup for its clothing business in the fight to revive flagging sales by sealing a tie-up in February with TV presenter Alexa Chung to launch a fashion collection inspired by the company&#8217;s extensive range.</p>
<p>Shore Capital analysts said they have faith in the new chief executive, saying: &#8220;M&#038;S is in good hands, to our minds.&#8221;</p>
<p>Budget airline Ryanair is expected to report a boost in full-year profits on Monday as it continues to cut prices to attract passengers in the wake of recent terror attacks.</p>
<p>The City expects to see the Dublin-based airline&#8217;s annual profits after tax jump 44% to €1.3bn compared to a year ago, as it drives down fares in the face of weakening demand caused by the atrocities in Brussels and Paris.</p>
<p>The impact of the recent EgyptAir plane crash may further weaken the appetite for international travel over the coming months.</p>
<p>The airline said in February profits after tax more than doubled in its third quarter to December 31, up from €49m in 2014 to €103m last year.</p>
<p>The carrier said average fares were down 1% to €40 in the three months to December 31. It also pencilled a fares fall of 6% for the fourth quarter.</p>
<p>It said it would deliver cheaper air fares by capitalising on record-low oil prices and passing down the savings made on its fuel hedges to consumers.</p>
<p>Analysts at Cantor Fitzgerald said: &#8220;Growth in the past few years has been exceptional and Ryanair&#8217;s expansion plans are ambitious.&#8221;</p>
<p>But the broker added: &#8220;We are concerned that earnings momentum may be difficult to maintain, particularly as the persistently low fuel price is sucking more capacity into the market.&#8221;</p>
<p>Earlier this month Ryanair boss Michael O&#8217;Leary warned that the budget airline will be forced to scale back British investment if the country votes to leave the European Union.</p>
<p>He appeared on a platform with Chancellor George Osborne at Stansted Airport and announced the creation of 450 new jobs in Britain as part of a $1.4bn investment into the Ryanair&#8217;s 13 UK bases.</p>
<p>But Mr O&#8217;Leary said: &#8220;It is exactly this type of investment that will be lost to other competitor EU members if the UK votes to leave the European Union.&#8221;</p>
<p>Last month, rival easyJet has swung to a half-year loss after it said the recent terror attacks saw some passengers stay away and rivals stepped up the pace of competition.</p>
<p>The no-frills airline posted losses of £24m for the six months to the end of March against profits of £7m a year earlier, but said its bottom line was hit by a £33m foreign exchange rate impact.</p>
<p>Bosses at Royal Dutch Shell will face shareholders at the group&#8217;s annual general meeting on Tuesday amid concern over the chief executive&#8217;s &#8220;unacceptable&#8221; £4m pay deal.</p>
<p>Investors have been urged to vote against the firm&#8217;s remuneration report in protest at Ben van Beurden&#8217;s pay for 2015, even though it marked a significant reduction from the €24.2m he was paid in 2014 in the wake of plunging profits.</p>
<p>Shell&#8217;s latest annual report revealed boss Mr van Beurden&#8217;s total pay for last year was €5.6m &#8211; a 77% fall on 2014 after the tumbling cost of crude took its toll on the group.</p>
<p>But shareholder advisory firm Pirc said he still earned 37 times the average employee&#8217;s pay, which it branded as &#8220;unacceptable&#8221;.</p>
<p>Pirc added that his maximum annual bonus and potential rewards under the long-term shares scheme were also &#8220;excessive&#8221;, at 245% of salary and 680% of salary respectively.</p>
<p>Shell &#8211; which completed its mammoth $52.6bn takeover of gas rival BG Group in February &#8211; saw annual earnings tumble to $3.8bn in 2015, from $19bn in 2014.</p>
<p>It has remained under pressure since the year-end, posting a 58% drop in first-quarter profits to $1.6bn as the falling oil price continues to hammer the sector.</p>
<p>But the first quarter figures were better-than-feared, while Mr van Beurden said the BG merger had got off to a &#8220;strong start&#8221;.</p>
<p>Shell is pushing ahead with plans to cut jobs and close offices following the BG merger and to offset lower oil prices.</p>
<p>It said it may close three offices, including the former BG Group headquarters at Thames Valley Park, Reading; BG&#8217;s offices at Albyn Place, Aberdeen; and Shell&#8217;s Brabazon House office, Manchester.</p>
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