Marks & Spencer has returned to the FTSE 100 index of Britain’s biggest listed companies for the first time in four years after a surge in the retailer’s share price.
M&S was relegated from the index in 2019 as it faced falling sales and stiff competition.
This year, its share price has risen by more than 75% after a revamp of it shops and clothing range.
This year, its share price has risen by more than 75% after a revamp of it shops and clothing range.
“We’ve just got to crack on with the job and make sure we continue our positive momentum”, Mr Machin added.
M&S has staged a “remarkable” turnaround despite soaring consumer prices, analysts said.
The retailer told investors earlier this month that its interim results, scheduled to be published in November, would reveal “a significant improvement” in its performance.
Susannah Streeter, head of money and markets at broker Hargreaves Lansdown, said: “Shrinking its estate, and closing larger stores in town centres, has also been paying off.”
Marks & Spencer has returned to the FTSE 100 index of Britain’s biggest listed companies for the first time in four years after a surge in the retailer’s share price.
This year, its share price has risen by more than 75% after a revamp of it shops and clothing range.
M&S was relegated from the index in 2019 as it faced falling sales and stiff competition.
“We’ve just got to crack on with the job and make sure we continue our positive momentum”, Mr Machin added.
This year, its share price has risen by more than 75% after a revamp of it shops and clothing range.
This year, its share price has risen by more than 75% after a revamp of it shops and clothing range.
“We’ve just got to crack on with the job and make sure we continue our positive momentum”, Mr Machin added.
M&S has staged a “remarkable” turnaround despite soaring consumer prices, analysts said.
The retailer told investors earlier this month that its interim results, scheduled to be published in November, would reveal “a significant improvement” in its performance.
Susannah Streeter, head of money and markets at broker Hargreaves Lansdown, said: “Shrinking its estate, and closing larger stores in town centres, has also been paying off.”
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