Retailer Marks & Spencer Group Plc reported Thursday higher sales during the Christmas period, with improved performance in all divisions and regions. Looking ahead, the company said it is more confident to deliver the increased profit guidance, even though the market continues to be impacted by the headwinds and tailwinds. Marks & Spencer shares were losing around 6 percent in the morning trading in London.
For fiscal 2022, the company now expects profit before tax and adjusting items of at least 500 million pounds. The company previously had said that profit before tax and adjusting items for the year would be in the region of 500 million pounds.
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