The company warns of uncertainty following last week’s UK budget. — Bloomberg
LONDON: Marks & Spencer Group Plc (M&S) has reported a strong rise in profit in its first half, while warning of uncertainty following last week’s UK budget.
The clothing and homeware group said profit before tax and adjusting items rose more than 17% to £408mil (US$525mil) in a statement yesterday. The result beats estimates of £360mil, according to a Bloomberg survey of analysts.
