M&S pre-tax hits £1bn

ft.com     20-May-2008            

Stuart Rose, fresh from the Chelsea Flower Show, displayed his usual ebullience during Tuesday’s presentation of Marks & Spencer’s annual results. The UK retailer notched up 5 per cent sales growth in the year ending in March and over £1bn in pre-tax profits, a milestone last reached a decade... [read full story]                    

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M&S profit hits 1 bln pounds

tiscali.co.uk     20-May-2008          

LONDON (Reuters) - Marks and Spencer said its adjusted annual profits before tax rose 4.3 percent to 1 billion pounds, broadly in line with analysts expectations, helped by the company slashing its staff bonus. "We expect market conditions to remain difficult for the foreseeable future and are...                    

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M&S sees profits increase to £1bn

bbc.co.uk     20-May-2008          

Marks and Spencer has reported a 4.3% rise in annual profits to £1bn, but says it is cautious about its prospects for the next 12 months. The iconic retailer was helped by new stores, with like-for-like sales slipping in both food and clothing in the year to 29 March. It described trading in the...                    

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M&S profit hits 1 bln pounds

reuters.co.uk     20-May-2008          

LONDON (Reuters) - Marks and Spencer (MKS.L: ) said its adjusted annual profits before tax rose 4.3 percent to 1 billion pounds, broadly in line with analysts expectations, helped by the company slashing its staff bonus. "We expect market conditions to remain difficult for the foreseeable future...                    

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M&S profit hits 1 bln pounds

reuters.com     20-May-2008          

LONDON (Reuters) - Marks and Spencer (MKS.L: ) said its adjusted annual profits before tax rose 4.3 percent to 1 billion pounds, broadly in line with analysts expectations, helped by the company slashing its staff bonus. "We expect market conditions to remain difficult for the foreseeable future...                    

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M&S profits top £1bn, but miss targets

independent.co.uk     20-May-2008          

Marks & Spencer's annual profits topped £1 billion for the first time in a decade today. The profits of just over £1 billion for the year to March 29 were 4.3 per cent ahead of last year, but came alongside a 1.7 per cent fall in like for like sales during the final three months of the year - the...                    

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Marks and Spencer profits top £1bn

jpress.co.uk     20-May-2008          

Marks & Spencer's annual profits have topped £1 billion for the first time in a decade. The profits of just over £1 billion for the year to March 29 were 4.3% ahead of last year, but came alongside a 1.7% fall in like-for-like sales during the final three months of the year - the second...                    

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M&S staff bonus halved as profits top £1bn

timesonline.co.uk     20-May-2008          

Sir Stuart Rose, chief executive of Marks & Spencer, will miss out on his bonus this year despite the retailer posting its best profits for a decade, up a fifth at more than £1 billion. "The company did not meet its internal bonus targets set in April 2007 and consequently will not be paying a...                    

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Marks & Spencer profits top the £1bn mark as it warns of tougher times

telegraph.co.uk     20-May-2008          

By Bloomberg Marks & Spencer has seen its pre-tax profits top £1bn but Britain's biggest high street clothing retailer warned that the next 18 months will be much tougher. Profits rose 20pc to £1.1bn in the 12 months to March 29 from £936m a year earlier, as sales climbed 5.1pc to £9bn. Chief...                    

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M&S profit hits 1 bln stg, cuts staff bonus

reuters.com     20-May-2008          

LONDON (Reuters) - Marks and Spencer (MKS.L: ) said its adjusted annual profits before tax rose 4.3 percent to 1 billion pounds ($2 billion), broadly in line with analysts expectations, helped by the company cutting its staff bonus. Chief Executive Stuart Rose said M&S, Britain's largest clothing...                    

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M&S profits break £1bn barrier

theretailbulletin.com     20-May-2008          

Results better than expected given tough trading conditions. Pre-tax profit for the 52 weeks to 29 March rocketed by 20.5 per cent to £1.13bn. Sales rose by 5% to £9bn, aided by new space in the UK. International sales grew by 16.8%. A 6.8% increse in food sales boosted a fourth quarter UK sales...                    

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