Marks & Spencer Share News (MKS)
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Marks & Spencer has unexpectedly increased its interim dividend as first-half results were much better than feared, with pre-tax profit flat and much improved cash flow. Even though warm weather in September led to like-for-like clothes sales falling 3.4% in the second quarter, group total sales adv
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Marks & Spencer (M&S) is forecast to report a decline in first half profits on Wednesday, reflecting ongoing challenging conditions in the general merchandise (GM) division. The company is expected to report pre-tax profit of £252m, down from £262 the previous year, according to Numis. Despite a
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* FY adjusted EPS 104.1 pence, up 6 pct * Primark profit up 29 pct, sugar profit down 56 pct * Expects further large fall in sugar profit in 2014-15 * Sees limited opportunity to grow EPS in 2014-15 * Shares up 2.7 pct (Adds detail, CEO, analyst comment, shares) By
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