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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Marks & Spencer on track to return to FTSE 100 as pre-tax profits soar

inside of M&S store
Denim and dresses are among areas where Marks & Spencer has enjoyed particularly strong sales. Photograph: Andy Rain/EPA

Marks & Spencer is on track to re-enter the UK’s list of top-rated companies for the first time in four years amid hopes of a permanent revival at the high street stalwart.

M&S fell out of the FTSE 100 list of the UK’s most valuable stock market companies in 2019 as sales and profits slid amid heavy competition from rivals such as Primark and the major supermarkets.

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