UK retailer Marks & Spencer upgrades forecast after ‘strong’ sales ...Middle East

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UK retailer Marks & Spencer upgrades forecast after ‘strong’ sales
LONDON: British retail giant Marks & Spencer has raised its financial guidance after “strong trading,” telling investors it will deliver higher profits for the year, reported PA Media/dpa.The historic high street business said it has increased market share in both its clothing and home and food businesses over the past 19 weeks.It comes amid a challenging backdrop for the British retail sector, as higher mortgage costs and household bills have put pressure on shoppers’ budgets.On Tuesday, the company recorded an 11 per cent sales rise in its food operation, while its clothing and home business saw sales grow by “over 6 per cent.”The clothing and home arm reported particularly “strong” growth

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