Concerns over increase in national insurance contributions and minimum wage on customers and suppliersMarks & Spencer has reported a better than expected jump in profits but warned that measures in last week’s budget could cost the company more than £60m next year.The British retail chain’s pre-tax profits hit £407.8m for the six months to October, up 17% on the same period last year, bolstered by sales rising 8.1% for food and 4.7% for clothing and homeware. Continue reading…
Source link : https://www.theguardian.com/business/2024/nov/06/m-and-s-profits-jump-but-reeves-budget-could-cost-it-120m-in-2025
Author : Jack Simpson
Publish date : 2024-11-06 16:46:52
Copyright for syndicated content belongs to the linked Source.
M&S profits rise but retailer warns of £60m hit from Reeves’ budget
