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Department StoresHigh Street

Marks and Spencer warns of profit squeeze as it exits Russia

The news comes as it revealed its full year results for 52-week period ended 2 April 2022, where it confirmed profit before tax and adjusting items of £522.9m

Marks and Spencer (M&S) has revealed it expects its profits to flatline in the upcoming financial year as the rising cost of living coupled with increased costs are expected to impact its trading.

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