Marc Bolland, Marks & Spencer chief executive, said the company's clothing results were "not yet satisfactory":
Our Food business has performed very well with record sales over the key Christmas trading period.
Our General Merchandise performance is not yet satisfactory but we are confident that the steps being taken by the new management team will address this.
Our plan is to transform Marks & Spencer from a traditional UK retailer to an international multi-channel retailer. We are making good progress against this plan.
More top news
Scientists have discovered the world's deepest fish with wing-like fins and an eel-like tail during research in the depths of the Pacific.
The tranquil district of Hart has been crowned as the place with the best quality of life in the UK for the fourth year in a row.
Britain's immigration system is in 'critical condition' according to the chair of the Home Affairs Select Committee.