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Marks & Spencer raises clothing, homewares profit margin forecast

M&S shares have risen 29 per cent on hopes that the billions of pounds spent by Mr Bolland will pay off.


BRITISH retailer Marks & Spencer on Wednesday raised its annual forecast for margins in clothing and homewares even though quarterly sales fell in this troubled division.

The 131-year-old group also beat forecasts for first-half profit and increased its dividend, sending