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ABF news today could be the reason for the M&S share price uplift, as it has the same business model.
(Alliance News) - Associated British Foods PLC on Tuesday said it overcame "unseasonal weather" in its latest financial year, with revenue increasing across all segments as profit followed suite.
AB Foods was one of the best-performing FTSE-100 companies on Tuesday, with shares up 7.0% at 2,253.00 that morning in London.
The London-based food manufacturer, and fast fashion retailer through Primark, said pretax profit for the year ended September 16 leaped up 25% to GBP1.34 billion from GBP1.08 billion the year before.
Look like it's going to be a big day, volume much higher than normal in the first hour, the only question is will the share price hold onto its gains up until close of play.
Volume: 5,789,811
Https://www.newsnow.co.uk/h/Industry+Sectors/Retail/Department+Stores/Marks+&+Spencer?type=ln
This is a good site to catch up on all M&S news , also good for other stocks.