M&S boss: 'People are buying quality'

Marks and Spencer has outlined a new business strategy as it reported half-year pre-tax profits of £348.8m, up from £306.7m last year.

The retailer is planning to reduce the number of branded products it sells, and will open new stores abroad.

However the new chief executive, Marc Bolland, has told the BBC that the outlook remains tough going into the New Year.