Marks & Spencer has posted its first rise in annual profit in four years and says it will return excess cash to shareholders. As Ciara Lee reports the results have fuelled hopes the Britain's biggest clothing retailer has finally rediscovered a successful formula.
It's been on the UK high street more than a hundred and that he is. But not suspend settles its way if you use a guy. Has been struggling to get back home Cole's print it off then to the retail Bellwether and the next is just face it its best rise in annual profit in four he is. The full tax it made 661. Million pounds. Hi Ivan based full costs and it plans to attend excess cash to shareholders raising the dividend by six cents. Says hit an eight year high off to the results they've risen by that day to the last nine months richest contract is concrete plans down. The company seems to be turning a corner and market what reaction of the market due to motion shares casual shy of flight. It's one shot features should lay off roughly coming in as a cautious fine. CN mock pollen has spent billions since he took the job in 2010 addressing decades of on the development. He's redesigned products install as we organize supply chains and improve the website the results suggest the outplayed may finally be paying off well. Quite apart from the copious on the line fiasco which I had twelve I two months you guys there has of course been. Something of an odd thing she cautions particularly on the general ma merchandising. Closing side where the company has for some considerable time kind of had fish on. That reputation as being perhaps not for the younger Shoppach. And an aunt says it expects to make the progress and that the coming yes. But it still seems highly back on track sales despite US and expects his. Getting guys up as well we'll be key to bringing and a nest study in the bulletin retell wild.