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M&S rings up 35% rise in profits

23/05/2006 - 07:24:20
The recovery of Marks & Spencer continued today as the retailer posted a 35% rise in profits.

M&S banked pre-tax profits in line with market expectations of £751.4m (€1.1bn) for the 12 months to April 1 compared with £556.1m (€815m) the previous year.

The improved performance came after M&S boosted sales in the second half of the year under the leadership of chief executive Stuart Rose.

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