Marks & Spencer posts a mixed bag of results with non-food disappointing again. But the market picks up on the dividend hike making it the best performer in Europe.
A mixed bag for Marks & Spencer this morning a jump in overall underlying profits and trust Simon for years improving margins are raised dividend. Box and it's a big part of thirteenth straight quarterly drop in underlying nonfood sales while the market. Went with a positives the stock jumped 7% of the open you can see that spike here market clearly liking that 3% jump in the dividend. To six point four pence this is the best performing. I'm most active among FTSE stocks this morning. And European stocks. And the market says whipped poised for the best day. In more than fri eight years now food which jobs that offer group sales liberal Boston a great surprises are bad. But the question has to be what now for nonfood. I'm Matt clothing team set up in 2012 who have failed to deliver it seems a sustained increase in sales. Small ball and CEO since 2010 set up a clothing squad and spend every 2.3 billion pounds addressing decades of under investment which included store web site. And marketing rebounds market will be watching out for anything new from the CEO from malveaux. I would sing a little bit of short covering that bidding up a stark which is down 20%. Since the end of February.