Marks & Spencer is on course to rejoin the ranks of the UK’s top 100 listed companies after its tie-in with England’s Lionesses – and surging demand for holiday kit and summer food – helped profits shoot ahead of expectations.
Shares in the high street retailer surged more than 8% to an 18-month high of just over 221p on Tuesday after analysts said profits could come in higher than previously flagged, warming M&S up for re-entry into the UK’s FTSE 100 league in September for the first time in four years.
