Today news
About the same in other media
M&S raises profits outlook after revamp of clothing division pays off
Reading now: 625
A revamp of its clothing business has helped Marks & Spencer raise its profits outlook for the second time in less than three months but it warned over soaring costs and disruption from supply chain problems.
M&S said its strong performance over the six months to October reflected a 10% jump in food sales as well as “substantial improvement” across its once-struggling clothing and homeware division.
The chief executive, Steve Rowe, added that both parts of the business were making “important gains in market share” and that “the hard yards of driving long-term change are beginning to be borne out in our performance”.
Together, they helped push pre-tax profits to £187m for the half-year compared with a loss of almost £88m during the same period
Read more on theguardian.comAbout this in other media
BVI premier denies islands are corrupt and praises Geoffrey Cox theguardian.com /2 years ago
National Grid profits surge on back of European energy crisis theguardian.com /2 years ago
What Does Inflation Mean for American Businesses? For Some, Bigger Profits wsj.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
