Marks & Spencer profit surges as clothing stores reopen post lockdown

Marks & Spencer Group Plc surged after raising its profit forecast on strong sales of both food and clothing in stores that reopened following months of lockdown at the beginning of the year. 
 

The household British retailer said it expects profit to be above the upper end of previous guidance of 300 million pounds to 350 million pounds ($409 million to $477 million). 

The shares rose nearly 10% to 156.8 pence in London on Friday morning.  

The bullish outlook comes after food revenue rose by nearly 11% in the 19 weeks to Aug. 14, compared with the corresponding period last year. The