Marks and Spencers set for downgrades

City stockbrokers are set to downgrade Marks and Spencer after a leaked report suggested its problems are even more serious than first thought.

Marks and Spencers set for downgrades
Mon, 09 Apr, 2001 - 06:48

City stockbrokers are set to downgrade Marks and Spencer after a leaked report suggested its problems are even more serious than first thought.

The report showed M&S's pre-tax profits for the financial year 2000-2001 could total £430m, compared with the £418m reported for the previous year.

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CourtsHeathrowPlace: UKOrganisation: Marks and SpencersOrganisation: CityOrganisation: Marks and SpencerOrganisation: M&SOrganisation: M&
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