A mixed performance in womenswear saw Marks & Spencer fall short of its fourth-quarter sales targets for the year to end-March, but additional cost saving means the retailer remains on track to hit full-year EPS forecasts of around 33p.
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Encouragingly, underlying food sales continued to climb and, although weakness in Greece and Ireland saw international sales fall 2 per cent, key new markets – China and India – are growing quickly.
