LONDON (AP) — British food and clothing retailer Marks & Spencer says its pretax profit fell by nearly 10 percent in the first half of its financial year as operating costs rose faster than revenue.
Marks & Spencer said Tuesday that pretax profit of 290 million pounds ($464 million) for the six months ending Sept. 30 compared to 321 million pounds a year earlier.
Sales in the period were up 0.9 percent, at 4.7 billion pounds. U.K. operating costs were up 2.9 percent.
The company did not disclose earnings.
M&S was cautious about the outlook, saying recent trading had been volatile.
Team Jeb Hits Back at Trump for Being 'Soft on Crime,' Cites Past Support for Legalizing Drugs | Cortney O'Brien
Sen. Chris Murphy Admits That Gun Control Legislation From Washington Probably Won’t Stop Shootings | Matt Vespa
Thomas Sowell - A Revealing Clue
To Hell With You People | RedState
Vox "Smart Take" Pushes Gun Confiscation. Here's What Would Happen If They Tried. - Bearing Arms - 2nd Amendment, Gun Confiscation
Doctors Will Be the Scapegoats in the Coming Obamacare Disaster | Human Events
Email shows Hillary 'One Device' Clinton happy to have her new, unapproved Apple 'hPad'
Federal judge: Moral objections enough to override HHS contraception mandate - Hot Air
Political Calculations - What Is Your U.S. Income Percentile Ranking?