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

Marks & Spencer, Lidl and Aldi toast Christmas sales boom

British retailer M&S' first half revenue surpasses pre-pandemic levels

M&S raises profit outlook after strong trading

M&S sales jump as food boosts recovery after lockdown

Marks spencer - Latest marks spencer , Information & Updates - Retail -ET Retail

Food business - Latest food business , Information & Updates - Retail -ET Retail

M&S turnaround gains traction as first half profit smashes forecasts

Britain's M&S raises turnaround hopes with second profit upgrade

Britain's M&S raises profit outlook after strong trading

Richard Lim on LinkedIn: M&S returns to FTSE 100 on food and clothes boost

Page 26