M&S surprises stockmarket

 - Published:  13 November, 2009

Marks & Spencer pleasantly surprised the stockmarket with better-than-expected interim results. Pre-tax profit increased a little from £297.8m to £298.3m.

Analysts had been expecting 4% less. Like-for-like sales at the chain fell by 0.9% and total sales rose by 2.8% to £4.3bn. Boss Stuart Rose reckons the recession has some way to go and the UK recovery on the high street will be delayed by at least 12 months. Food sales fell by 0.3%, despite the retailer slashing prices in an attempt to win sales from Waitrose.

 

Printer friendly version
Email this article to a friend




Comments


News, Events and Promotions
Find Suppliers, Manufacturers and Ingredients
ADVERTISEMENT

Find your local butcher by postcode

Industry News Roundup
Have Your Say

Will the new FSA guidelines on E.coli damage butchers' businesses?

  • Yes
  • No
  • Maybe
Events Calendar

 

 

© William Reed Business Media Ltd 2012. All rights reserved. Registered Office: Broadfield Park, Crawley, RH11 9RT.
Tel: +44 (0) 1293 613400 Registered in England No. 2883992 VAT No. 644 3073 52.

Privacy & Cookie Policy | Terms & Conditions