Marks & Spencer profits soared 17.2 per cent in the first half, with the retailer continuing to beat expectations thanks to market share gains. Boost: Marks & Spencer enjoyed higher sales across its clothing lines in recent months'Despite this, the business has traded well, growing volume and value market share. On Wednesday, Marks & Spencer shares rose 3.7 per cent or 14.20p to 397.70p. 'In the first five weeks of the second half overall trading remains on track and we are confident of making further progress in the remainder of the year,' Marks & Spencer said on Wednesday.' Both food and clothing have now delivered market share growth for four consecutive years.

Source: Daily Mail November 06, 2024 08:50 UTC