SUBSCRIBERS
M&S slows expansion of standalone food stores
Published Thu, Nov 9, 2017 · 09:50 PM
London
MARKS and Spencer (M&S), the British clothing-to-food retailer, announced on Wednesday a sharp rise in net profits on higher sales but plans to slow expansion of its number of standalone food stores.
Profit after tax quintupled to £84.7 million (S$151 million) in the group's half-year to Sept 30 on higher overall sales, M&S said in a statement.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
HCA beats first-quarter profit estimates on higher patient admissions
US FDA approves Pfizer’s gene therapy for rare bleeding disorder
EU toughens rules on Chinese fashion retailer Shein
Best World under fire from shareholders at AGM over dividends, director salaries
‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Sheng Siong Q1 net profit up 9.3% on higher revenue