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Marks & Spencer Jumps on Profit Outlook, Turnaround Progress
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Marks & Spencer Group Plc shares jumped after the retailer said it expects to generate pretax profit of as much as 350 million pounds ($495 million) this fiscal year as it recovers from the pandemic and enters the next stage of its turnaround.
The stock jumped as much as 7.4% in London, and is up about 22% since the start of the year.