Summary
MARKS & Spencer yesterday shrugged off the overall high street gloom with a fourth-quarter performance that smashed market forecasts and sent its shares to their highest level for almost eight years.
On a day when the UK retail sector recorded its biggest monthly slump since last July, M&S posted Q4 like-for-like sales up 6.8 per cent. General merchandise was the stand-out, up 8.2 per cent against expectations of around 1 per cent.See the full content of this document
Extract
M&S Defies Gloom with Sales Surge
"This is a stunningly good performance," enthused Richard Ratner, head of equity research at Seymour Pi...
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