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.

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Marks and Spencer profits down by almost £10 million

Retail giant Marks & Spencer has reported a 1% fall in annual profits, the first such drop in three years.

  • Total UK sales are up by 1.5%
  • Food: up by 3.9%
  • General Merchandise: down by 0.9%
  • Clothing: up by 0.2%
  • Home: down by 10%
  • Profit before tax: £705.9 million (last year's before tax profit: £714.3 million)

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