....Investec analyst Kate Calvert has pencilled in pre-tax profits of £603m for the year to 31 March – down from £690m a year ago as the combination of rising costs and falling sales eats into the company’s profitability. “M&S is playing catch up in a difficult mid-market
position,” said Calvert who said the collapse in the value of the pound since the Brexit vote would add to the pressures faced by management this year as the cost of imported goods rises. ...
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Sunday 21st of May 2017 10:16:45 AM