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Mike Bird
Stuart Wilson/Getty Images M&S CEO Marc Bolland with actress Joanna Lumley, who has promoted M&S clothing lines Results just out from Marks & Spencer, carrefour internet one of Britain's biggest food and clothing retailers, should have been bad news. Sales in the first half of the year dropped 2.3% , with an even worse 6.3% decline online.
The jump comes on the back of first half results to end September which delivered a surprise rise in underlying profits (the first such jump in 4 years) on improved profit margins and better performance from Food which has offset the still ugly 13 consecutive quarterly falls in underlying sales, echoing peers with a negative impact on the recent Autumn/Winter clothing sales from unseasonably warm UK weather.
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