M&S shares slump after online woes

A fresh decline in clothing sales piled more pressure on Marks & Spencer boss Marc Bolland today after a Christmas beset by online delivery problems.

The retailer’s general merchandise arm, including homewares and fashion, saw a bigger-than-expected decline in like-for-like sales of 5.8% in the 13 weeks to December 27 – the 14th consecutive quarter the figure has fallen.