M&S set to announce drop in profits

Pedestrians pass a Marks and Spencer store, in central London
Pedestrians pass a Marks and Spencer store, in central London Credit: Reuters

Marks & Spencer boss Marc Bolland is set to come under increased pressure from investors later today as the retail chain are set to unveil its first fall in annual profits for three years.

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M&S profits fall by 1%

Marks and Spencer has reported a 1% fall in annual profits to £705.9 million for the year to March 31 - its first drop in three years.