UK: M&S profits surge 32.2%
UK retailer Marks & Spencer has posted a 32.2% rise in adjusted profits before tax, which rose to GBP405.1m (US$772.55m) in the second quarter, driven by UK increases in both food sales, which were up 10.9%, and general merchandise sales, which rose 10% in the quarter. Overall, total sales at the retailer increased by 11% during the period to GBP3,929.4m, with international sales increasing by 17.7%.
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