M&S sales hit by pre-Brexit vote jitters

Retail giant Marks & Spencer has revealed an 8.9% plunge in sales at its clothing arm amid pre-Brexit vote jitters on the high street and a cutback on promotions.

The first quarter sales drop was far worse than expected, but M&S blamed a "weak market" as consumer confidence was hit ahead of the EU referendum, as well as moves to cut promotions and shift its summer sale into July.