Marks & Spencer Reports Best Financial Health in Decades

The British retailer sees significant profit growth and plans increased cost-cutting measures amid ongoing turnaround.

Annual profits surged 58% to £716.4 million, exceeding expectations.
Sales rose 9.4% to £13.1 billion, with strong performances in food and clothing divisions.
The company plans to increase cost savings to £500 million by 2028.
M&S restored its dividend for the first time since 2020 due to improved financial health.
Challenges persist with its Ocado joint venture, which continues to post losses.