M&S says recovery plan boosting sales and profits

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The High Street giant’s shares soar on upbeat trading news, as official figures show UK retail sales sank in July. …

“Following the Euro 2020 related boost in June, retail sales fell in July to their lowest level since shops reopened in April, but still remain well above pre-pandemic levels,” said Jonathan Athow, deputy national statistician for economic statistics at the ONS.

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