Scottish Daily Mail

M&S EYES AN ONLINE XMAS LIFT

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MARKS & Spencer will be hoping to keep up with Next as it reveals its Christmas trading update on Thursday.

Under chief executive Steve Rowe (below), sales rose 5pc in the first half of its financial year as against pre-pandemic, with the model Rosie Huntington-Whiteley (right) proving a popular draw.

Russ Mould, investment analyst at AJ Bell, said: ‘Analysts will look for how online sales are faring, and how the M&S link-up with Ocado for food delivery continues to fare.’

Mould added that investors would also be keeping an eye out for any affirmatio­n of, or change to, the £500m profit before tax which Rowe had predicted after first-half results. Michael Hewson, at CMC Markets, said M&S’s first dividend since 2019 could become more likely if the third-quarter results are strong.

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