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M&S updates city on 'recovery'

Retailer Marks & Spencer will update the City on the next stage of its recovery today as it reports first quarter sales figures.

The company stunned investors earlier this year with a stellar fourth quarter which saw like-for-like sales leap 6.8 per cent in its best performance for three years.

It helped drive annual profits up 35 per cent to £751.4 million for the year to April 1 and the City is expecting more of the same.