Best of M&S – autumn 2023

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Signs of modest improvement identified at Marks & Spencer, plus a few of the better buys.

After a strong set of results announced back in May, investors have been keen to see whether the improvement in performance at the venerable UK retailer M&S has been maintained. Marks & Spencer have been struggling for two decades to adjust to new buying patterns and dramatic changes to the way the retail trade operates.

So, when M&S put out a trading update on 14 August indicating that trading was strong and profits likely to exceed expectations, the share price climbed strongly (although...