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M&S to offer investors gift card instead of dividend

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The M&S Shareholder Card can be loaded with up to £1,000 at a 10% discount to face value.

London

MARKS & Spencer is to offer its army of private investors a gift card instead of a dividend payment as the British retailer rethinks the way it rewards shareholders.

About 30 per cent of M&S equity is owned by private investors, one of the highest proportions in the

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