N Brown, M&S, Baidu: Everything that matters this morning

Former Tesco UK boss heads to N Brown
The former UK chief of Tesco Matt Davies is set to become chairman of online clothing retailer N Brown, which owns key retail brands include JD Williams, Simply Be, and Jacamo.
Davies was replaced at Tesco by Booker chief Charles Wilson earlier this month, following Tesco’s £3.7bn merger with Booker last year.
He will succeed N Brown’s Andrew Higginson, who is stepping down after almost five years in the role, to become one of the