M&S shares jump to six-year high after profits surge

Profits at Marks & Spencer increase almost 60%, leaving it in “strongest financial health since 1997”. A good time to invest?

M&S logo LONDON,ENGLAND
(Image credit: Getty Images)

While M&S has not always been a top stock for investors, its latest profit spike suggest it could be making a comeback.

Profits at Marks & Spencer have surged almost 60% but the retailer says it will continue to cut costs in order to “reshape” the company.

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Chris Newlands

Chris is a freelance journalist, and was previously an editor and correspondent at the Financial Times as well as the business and money editor at The i Newspaper. He is also the author of the Virgin Money Maker, the personal finance guide published by Virgin Books, and has written for the BBC, The Wall Street Journal, The Independent, South China Morning Post, TimeOut, Barron's and The Guardian. He is a graduate in Economics.