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The Guardian

M&S profits jump but Reeves’ budget ‘could cost it £120m in 2025’

The Guardian on
M&S profits jump but Reeves’ budget ‘could cost it £120m in 2025’



Impact of increase in NICs and minimum wage on customers and suppliers uncertain, says bossMarks & Spencer has reported a better than expected jump in profits but warned that measures in last week’s budget could cost the company £120m next year.The British retail chain’s pre-tax profits hit £407.8m for the six months up to October, up 17% on the same period last year, bolstered by sales rising 8.1% for food and 4.7% for clothing and homeware. Continue reading…



Source link : https://www.theguardian.com/business/2024/nov/06/m-and-s-profits-jump-but-reeves-budget-could-cost-it-120m-in-2025

Author : Jack Simpson

Publish date : 2024-11-06 12:41:58

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Tags : The Guardian

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