News

Customer Behaviour

Marks and Spencer is handing back £150m to investors through a share buyback programme after increasing annual profit for the first time in four years.

The strong set of results, saw pre-tax profit rise to £600m f from £580m, on sales of £10.3bn.

Under pressure chief executive Marc Bolland said: “We knew where we were going. We have clearly made a step forward. You can’t expect to make huge profits when you are investing £1bn in legacy systems. I am not complacent, there is still more to do… but I will still be here next year.”

M&S  increased the final dividend by 7.4 per cent to 11.6p a share.The shares fell 2p to 583.5p as Bolland warned that the international business, with sales down 2.1 per cent, was suffering from the turmoil in the Middle East and Russia.

You may also like...

Keep Up To Date - Subscribe To Our Email Newsletter Today

Get the latest industry news direct to your inbox on all your devices.

We may use your information to send you details about goods and services which we feel may be of interest to you. We will process your data in accordance with our Privacy Policy as displayed on our parent website https://ebm.media