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Marks and Spencer beat first-half profit expectations on strong food and clothing sales as its turnaround plan gathers pace.
The retailer, which has been seeking to revive its fortunes in recent years, posted a 17.2 per cent increase in profit before tax and adjusted items to £407mn in the six months to September 30, ahead of analysts’ expectations.
Food sales were up 8.1 per cent during the period, while clothing and home sales rose 4.7 per cent, also ahead of forecasts.
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