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

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... [read full story]                    

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