This Isn't Just Any Painful Recession ... ; Retail Marks & Spencer Boss Bullish Despite the Slowdown in Association with Www.Rbs.Co.Uk

Summary

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Marks & Spencer is "well equipped" to cope in a recession, despite reporting a 34 per cent fall in half-year profits and warning conditions would remain tough for most of 2009, boss Sir Stuart Rose said yesterday.

The group described current trading as "volatile" and said its key priorities were focused on tackling costs and being more competitive in food.

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This Isn't Just Any Painful Recession ... ; Retail Marks & Spencer Boss Bullish Despite the Slowdown in Association with Www.Rbs.Co.Uk

M&S's annual profits topped pounds 1 billion for the last financial year, but analysts expect a figure closer to pounds 650 million in the current period after half-year results published yesterday showed a 34 per ...

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