Retailer announces fall in profits

Press Association
M&S
M&S

Marks & Spencer's annual profits have fallen to their lowest level in four years after clothing sales slumped.

Underlying pre-tax profits for 2012/13 were £665.2 million, a fall of 6% on a year earlier and well below City forecasts for £710 million at the beginning of the financial year%VIRTUAL-SkimlinksPromo%