M&S has been backed to ride out an inflation 'storm' – while Currys and Wickes are set to struggle, according to Deutsche Bank.

Analysts said demand for its posh food and trendy clothes will help as shoppers face rising costs.

They also warned there are 'downside risks' for lower-income consumers and big-ticket spending, hitting parts of the sector.

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Chic: Actress Gillian Anderson modelling for Marks & Spencer's fashion range