Marks & Spencer saw its shares fall by 2% in early trading on the back of a fall in profits in the last year.
Chief executive Marc Bolland, who has been in the job for three years, told investors last year that the prospect of better returns within a year was no "fairytale".
More top news
A mother and her boyfriend have been charged over the death of a 19-month-old girl who became trapped inside an oven and was burned.
Babies born at weekends in NHS hospitals are more likely to die in their first week than those delivered on weekdays, new research suggests.
A 16-year-old boy has died after an "altercation" between a group of men in Leicester.