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 City will look for more details on how the new boss at Marks & Spencer plans to turn the retailer around, profits at airline Ryanair are expected to soar despite recent terror attacks, while top brass at Royal Dutch Shell will be wary of a rough ride over pay at the oil major's AGM.

Alexa Chung and Marks & Spencer launch a vintage-inspired fashion line next week. Rachel Marie Walsh takes a look at the style icon’s rise and rise

TV presenter Alexa Chung is to tie up with Marks & Spencer to launch a fashion collection inspired by the high street giant’s extensive archives.

Marks & Spencer chief executive Marc Bolland will step down after failing to revive clothing sales in almost six years at the British retailing bellwether.

Shares at Marks & Spencer were on the front foot after the retail giant unveiled a better-than-expected rise in half-year profits, but saw a further fall in sales at its embattled clothing arm as it cut back on sales promotions.

Marks & Spencer boss Marc Bolland has seen his total pay package jump by nearly a third after landing a £596,000 bonus for delivering the retailer's first annual profits increase for four years.

A must-have brown suede skirt is credited with having turned round the fortunes of Marks & Spencer.

Marks & Spencer has registered a surprise improvement in sales at its clothing division – the first rise in more than three years of trading.

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