Marks and Spencer Group Plc put on a fine showing on Wednesday, beating estimates of first-half pre-tax profit and proposing a dividend for the first time in four years. It’s another tick in the box for a sustainable turnaround. The shares rose about 10%.

But that looks rather overdone. Although M&S has fared well navigating recent challenges, life is about to get tougher. Chief Executive Officer Stuart Machin cautioned on the effect of the highest interest rates in 20 years on consumers, as well as erratic weather patterns. Against this backdrop, the company must demonstrate that its nascent recovery isn’t as flimsy as its sequin-embellished party wear.

QOSHE - M&S Shouldn't Get Too Cozy in This Weather - Andrea Felsted
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M&S Shouldn't Get Too Cozy in This Weather

8 0
08.11.2023

Marks and Spencer Group Plc put on a fine showing on Wednesday, beating estimates of first-half pre-tax profit and proposing a dividend for the first time in four........

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