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Nov. 10, 2021, 3:29 a.m. EST

Marks & Spencer shares surge 17% after results, higher guidance

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By Barbara Kollmeyer

UK:MKS

Shares of Marks & Spencer PLC /zigman2/quotes/206225481/delayed UK:MKS -2.96% jumped 17% on Wednesday after the U.K. retailer swung to a pretax profit for the first half of fiscal 2022, and lifted guidance. M&S said it expects to report an adjusted pretax profit for the full fiscal year of around £500 million ($677 million), from guidance it gave in August of £350 million. The retailer also warned that it sees cost pressures ahead from labor-market and logistics issues.

/zigman2/quotes/206225481/delayed
UK : U.K.: London
212.80 p
-6.50 -2.96%
Volume: 7.34M
Jan. 24, 2022 4:35p
P/E Ratio
167.56
Dividend Yield
0.00%
Market Cap
£4.29 billion
Rev. per Employee
£146,170
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