Retailer Marks & Spencer (LON: MKS) is expected to report improved UK sales in the first half and that should more than offset a drop in the international contribution, according to Shore Capital. This is being achieved in a tough consumer market. Cost reductions appear to be having an effect.
There are plans to cut annual costs by £400m in total by 2027-28. On top of this, borrowings are being reduced. They were £2.17bn at the end of March 2024 and could fall to £1.96bn by March 2025. This will reduce interest charges and add to profit growth.
Even so, investment in refurbishing st...
