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MAKSY / Marks & Spencer forecasts flat year as Rowe departs

Marks & Spencer cautioned profits are likely to be flat this year due to the impact of the war in Ukraine, increasing cost pressures and growing consumer uncertainty. The grocery and clothing retailer reported a heathy 6.9% rise in sales in the year to end 2 April 2022, with underlying profits up 30% at £523mln, which included £59.8m of UK business rates relief and a net rates charge of £139.7mln. Read More

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Posted: May 25 2022, 03:26

Author Name: Proactive Investors

MAKSY News

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