It remains Britain's biggest clothing retailer and saw £10 billion in turnover and group sales rise in tough times. So what is wrong at M&S?
A fall in inflation may prove to be merely temporary. But it is a welcome boost to the incoming Governor of the Bank of England Mark Carney.
The outgoing governor of the Bank of England has warned against blaming individuals for the financial crash and recession.
After questioning Apple CEO Tim Cook in a congressional hearing into their tax affairs, Senator John McCain said he was sorry they had run out of time as he had been meaning to ask a question that seemed to have been troubling him. As the hearing ended he said:
"What I really wanted to ask is why the hell I have to keep updating the apps on my iPhone all the time and why you don't fix that?"
Cook responded the company was "trying to make them better all the time."
The Irish government have denied the country operated as a "tax haven" for global technology giant Apple. Ireland's deputy prime minister Eamon Gilmore told national broadcaster RTE:
"They are issues that arise from the taxation systems in other jurisdictions, and that is an issue that has to be addressed first of all in those jurisdictions."
His comments come after the US Congress released a 40-page document cataloguing possible reasons the group paid just 1.9% tax on its $37 billion overseas profits in 2012.
The report said: "Ireland has essentially functioned as a tax haven for Apple."
Apple's chief executive, Tim Cook , told the US Congressional hearing into their tax practices that the company pay everything they are supposed to. Denying any impropriety he said:
We pay all the taxes we owe, every single dollar.
Gas and electric prices are rising 7% and 8% year on year, the Office for National Statistics has said.
The headline rate of retail price index inflation fell to 2.9% in April, from 3.3% in March, the Office for National Statistics said.
The underlying rate of retail price index inflation fell to 2.9% from 3.2% during the same period, the ONS added.
Reductions in motoring costs are said to have brought UK inflation down, but I don't think many drivers would agree.
The fall of the inflation rate to 2.4% is still above the UK target, though.
The rate of consumer price index inflation fell to 2.4% in April, from 2.8% in March, official figures showed today.
It is the first time inflation has slowed since Autumn 2012.