Marks & Spencer profits fall for third consecutive year

Marks & Spencer's annual profits have fallen for the third year in a row, down 3.9% to £623 million.

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M&S shares fall after reporting profits down again

M&S profits were down 3.9% to £623 million. Credit: Press Association Images/Peter Byrne

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".

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