M&S raises outlook after it gained market share in groceries and homeware

British retailer Marks & Spencer has predicted a growth in profit this fiscal year, as the company gained market share in groceries, homeware and clothing.

In a turnaround for a retailer that has long promised to reinvigorate the business and failed to deliver, M&S now expects to report a significant improvement in its interim results and profit growth for the full year.

The shares rose more than 9 per cent in early London trading on ...