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Evening Standard
Evening Standard
Business
Holly Williams

Marks & Spencer sees profits surge, but cautions over consumer pressures

Stuart Machin Inflation Marks Spencer
Marks & Spencer has notched up a better-than-expected jump in half-year profits (Ian West/PA) - (PA Wire)

Marks & Spencer has notched up a better-than-expected jump in half-year profits thanks to buoyant food and clothing trading, but cautioned over an “uncertain” consumer backdrop and rising costs.

The retail bellwether reported underlying pre-tax profits up 17.2% to £407.8 million for the six months to September 28 as a turnaround plan continues to pay off.

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