Shore Capital has upgraded its profit forecast for Marks & Spencer (LON: MKS) by 6%. This reflects the view of the broker concerning progress despite the poor weather in July and a further possible interest rate rise. The high street retailer has fallen out of the FTSE 100 index but could return in the near future if the positive trading trends continue.
Mark & Spencer is four months into its current financial year. The optimism that came from the positive 2022-23 figures published in May is continuing.
Full-price clothing sales have been strong, and Marks & Spencer has not ...
