M&S staff get €91.5m bonus

MARKS & Spencer staff have been awarded an £80 million (€91.47m) bonus pot after bumper sales growth in the final quarter of the financial year.

About 50,000 store staff picked up a handout of between £200 (€229) and £500 (€570) in the first such payout since 2008, with the rest of the bonus pool going to managers and head office executives.

M&S chairman Stuart Rose, announcing the windfall yesterday, reported same store sales up by a better-than-expected 5.1% in the 13 weeks to March 27 – a positive note for his final trading statement before new chief executive Marc Bolland arrives next month.