M&S reveals £120 million hit from British Budget measures

NAMPA / DPA

2024-11-06

London (PA Media/dpa) - The boss of Marks & Spencer has warned over a £120 million ($154 million) hit in Britain from last week's Budget measures and said the firm cannot rule out price rises to offset the extra costs. Stuart Machin, chief executive of M&S, said the group would do "everything we can" to avoid passing on the extra burden to customers through price hikes, but admitted the group had a tough challenge to overcome the cost impact. He......

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