Nothing succeeds like success and Marks & Spencer has been impressing with its turnaround efforts. Investors in the retailer, which returned to the FTSE 100 last year, will want reassurance that momentum has continued when it reports its annual results on Wednesday.
It said pre-tax profits had risen by 75 per cent to £360 million in the first half, fuelled by the transformation of its clothing, food and home divisions. There is a chance that sales progress slowed in the second half, given that the spring season was blighted by poor weather and an early Easter.
Investors will also be wanting an update on the payment saga with Ocado Group. In February Ocado threatened to take legal action against M&S, which has been withholding
Loading Title...
Loading offer 1...
