23 May 2018

Marks and Spencer to close more than 100 stores

Business Editor

There is more misery for Britain’s high streets. as the retailing giant Marks and Spencer announces a massive fall in profits, thanks to the cost of closing more than 100 stores and falling sales in food, clothes and homeware – and the impact on its share price could see it drop out of the FTSE 100 listing for the first time ever.