News roundup--New Look IPO, Reader's Digest, and more

Fashion retailer New Look is returning to the stock exchange, aiming to raise £650 million by floating the business. For the six months to 26th September 2009, New Look generated revenue of £706 million, and adjusted EBITDA of £117.8 million.

The future of Reader’s Digest UK, the local arm of the global publisher and direct marketer of books, magazines, music collections, and videos, is in jeopardy after the UK pension regulator blocked a deal to reduce its £125 million pension deficit, reports the Telegraph. US parent, Reader's Digest Association Inc, filed for Chapter 11 bankruptcy protection in August 2009.

Nice work if you can get it: the new Marks & Spencer chief executive Marc Bolland will join the company on 1st May, receiving up to £15 million in salary and bonuses.