UK's M&S rises after forecasting profit recovery

Marks and Spencer

20/05/2026 08:06

** Shares of British retailer Marks & Spencer MKS.L up 4.7% at 342 pence

** Stock is the top gainer on FTSE 100 .FTSE index, which is down 0.3%

** Co forecasts profit growth in its new financial year after it slumped 24% in 2025/26 due to a cyber hack

** Says outlook for current year includes higher fuel, freight, input costs, continued government tax levies and regulatory headwinds for sector

** MKS up ~4% YTD

(Reporting by Nithyashree R B in Bengaluru)

((NithyashreeRB@thomsonreuters.com))