M&S annual profits up 12.9%
Marks & Spencer says it has defied the retail gloom with a 12.9% jump in annual profits to £714.3m.
The profits before tax and one-off items came on sales up 4.2% to £9.2bn, with margins rising in the key clothing and food divisions.
Marc Bolland, delivering his first annual figures since taking over as chief executive, said it was a "good year" for M&S.
Emma Simpson reports.
24 May 2011
- From the section Business