Markets

Marks & Spencer set for FTSE return this week

The expected promotion comes as M&S has seen its shares jump by more than two thirds over the past year, with sales rising steadily in both its food halls and clothing and home division

Earlier this month, M&S upped its results outlook for the half-year to September, having increased its market share in both trading businesses

Marks & Spencer returns to London’s blue chip share index on Wednesday after a four-year hiatus following a jump in shares on the back of resurgent sales.

The retail chain has languished in the FTSE 250 Index since being demoted from the top flight in 2019 for the first time, having been a founding member of the leading City share index.

The company is now expected to be promoted back up to the top tier ...