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M&S FY sales and profits jump as turnaround strategy bites

Profit-before-tax rose by 21.4% to £474.7m, up against £391.7m the prior year, while group sales were up by 9.9% to £11.98m

M&S has seen its full-year profits and sales increase despite the ongoing cost-of-living crisis and tough economic conditions over the period, with the group attributing its performance to its latest turnaround strategy. 

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