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Digital Subscriptions > Portfolio Adviser > June 2017 > Companies & markets

Companies & markets

COMPANIES ROUND-UP

FTSE 100

•Marks & Spencer ended the financial year with pre-tax profits down by a staggering 63.5% to £176.4m, leaving analysts split on just how steep the group’s uphill battle will be and whether its revamp will have the desired effect. Discounting restructuring- related costs, profit before tax was still 11% lower at £613.8m. The British retailer’s clothing and home business reported a 2.8% decline in sales but saw full-price sales growth of 2.7%.

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About Portfolio Adviser

Portfolio Adviser is the leading monthly publication for investment specialists, DFMs and wealth managers who represent high-net-worth clients based in the UK and the Channel Islands. It is the financial service industry’s guide to the latest trends in fund selection, portfolio construction and asset allocation.
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