Wednesday, May 20, 2015

M&S POSTS RISE IN PROFITS

Iconic British retailer Marks and Spencer has announced its first rise in profits in four years.

Underlying profit before tax was up 6.1% to £661.2m ($1.01bn) for the year ending the 28th March.

M&S says its food business had an 'outstanding' year, but other sales disappointed.

Finance expert Henk Potts says there are signs of life in clothing sales - a key area M&S has been trying to reinvigorate. 

IN: "Mixed results….
OUT: ...shoppers."
DUR: 19 seconds