Summary
Marks & spencer yesterday led a black day for the retail sector by warning that its profits hopes had been scuppered by a grim Christmas.
M&S warned that it was unlikely to muster more than pounds 625m in profits this year after it was forced to slash prices to shift surplus stock.See the full content of this document
Extract
M&S Hit As Retailers Share Grim Christmas
Investors had expected to learn its festive trading performance on Wednesday, but M&S rushed out a statement after receiving the figures late on Thursday night.
Cit...See the full content of this document
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