Britain's M&S raises profit outlook after strong trading
(Reuters) -British retailer Marks & Spencer raised its profit outlook on Tuesday, saying demand in stores had helped it to win new customers for its clothing, home and food businesses, sending its shares up sharply. The 139-year old group, whose shares have risen 66% so far this year, said it now expected profit growth in its full 2023-24 year, having previously forecast a small decline. Like other major British retailers, M&S has benefited from robust consumer spending despite a cost of living crisis that has entered its second year, driven by 14 consecutive interest rate rises designed to tackle stubbornly high inflation.
(Reuters) -British retailer Marks & Spencer raised its profit outlook on Tuesday, saying demand in stores had helped it to win new customers for its clothing
Britain's M&S raises turnaround hopes with second profit upgrade
M&S 'fruitful' growth nears a return in the UK's FTSE100
Britain's M&S Announces Tie-Up With Clinique
Page 26
Britain's M&S raises profit outlook after strong trading
M&S shares jump to post-pandemic high on improved outlook
M&S sales jump as food boosts recovery after lockdown
Tesco raises profit forecast while M&S also reports strong Christmas sales, Business News
Richard Lim on LinkedIn: M&S returns to FTSE 100 on food and clothes boost
Demand for holidaywear and food lifts M&S profit expectations, Marks & Spencer