Several of the internal candidates to succeed Sir Stuart Rose are expected to make presentations at the Marks & Spencer investor day today.

M&S executive chairman Sir Stuart Rose has said that he will step down as chief executive next year.

Finance director Ian Dyson, food boss John Dixon and clothing chief Kate Bostock — all considered candidates to succeed Rose as chief executive — are expected to make presentations on the progress of M&S’ 20/20 strategy, focused on distribution, warehousing and IT integration.

The retailer is also expected to outline significant cost savings and an expansion in its online retailing at the event.

The update to the City, which is being held at Marks & Spencer’s “fake store” in White City, west London, is the retailer’s first investor day for nearly a decade.

Marks & Spencer today relaunched its website with a new focus on its fashion offer.