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January 07, 2005

Marks and Spencer: the battle continues

Chief Executive Stuart Rose saw Marks and Spencers push through a difficult Christmas. The company recently fought off a bid by Phillip Green to take-over the company, with Stuart Rose vowing to turn the company's fortune's around.

Christmas sales were slightly disappointing, with annual profits forecast at around £600-625 million, as opposed to analyst predictions of about £675 million.

However, other high street traders, such as Woolworths, Ottakers, and Iceland, have all reported lower trading thatn expected over the Christmas period.

Posted by brian_turner at January 7, 2005 06:38 PM

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