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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Made.com enters administration, Meta fires 11,000 staff

Marks & Spencer today revealed a 24% drop in half-year profits and said its Ocado Retail joint venture will be loss making this year.

Despite the decline in adjusted profits to £205.5 million, chief executive Stuart Machin said the high street chain approached the challenging trading conditions with an “increased resilience”.

Elsewhere in the retail sector, Made.com confirmed the appointment of administrators and handed its branding to Next.

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