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Marks & Spencer shares slip despite strong festive period

The negative market reaction must be seen in the context of last year's outperformance
January 11, 2024
  • Grocery volume growth of 7 per cent
  • Notable value range sales uplift

Marks & Spencer's (MKS) shares were marked down by 5 per cent despite a strong volume showing over Christmas, as sales growth slowed from the retailer's first half and investors gave the thumbs down to management’s comment that the business faces “additional cost increases from higher-than-anticipated wage and business rates related cost inflation”.

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