Marks & Spencer 'ambitious for future growth' despite cautious outlook

M&S Manchester

Marks and Spencer has reported soaring profits for the first half of the year but it expects a slower second half.

Despite the better-than-expected profit rise, M&S was cautious about its outlook and said it expected its profit before tax and adjusting items to be “weighted towards the first half”, due to challenging comparitives and the impact of deflation, geopolitical events and erratic weather on its shoppers.

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