Retailer M&S Set to Regain Benchmark Index Slot: The London Rush

08/23/2023 15:39

Marks & Spencer Group Plc is emerging out of the pandemic in style. After giving an unexpected profit growth guidance for the year, which sent its shares soaring, it’s now expected to regain its place in the UK benchmark index after a four-year hiatus.

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A Marks & Spencer flagship store on Oxford Street in central London.

Photographer: Betty Laura Zapata/Bloomberg

August 23, 2023 at 2:56 AM EDT

Marks & Spencer Group Plc is emerging out of the pandemic in style. After giving an unexpected profit growth guidance for the year, which sent its shares soaring, it’s now expected to regain its place in the UK benchmark index after a four-year hiatus.

Here’s the key business news from London this morning:

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Retailer M&S Set to Regain Benchmark Index Slot: The London Rush