Britain’s M&S says higher costs, weak consumer to dent full-year profit

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The clothing and food group, one of the biggest names in British business, on Wednesday reported profit before tax and adjusting items of 205.5 million pounds ($237 million) for the six months to Oct. 1, down from 269.4 million pounds made in the same period last year, despite an 8.5% rise in revenue to 5.54 billion pounds as higher costs weighed.

($1 = 0.8670 pounds)