M&S Share Price Soared on Raised Profit Outlook

UK-based Marks and Spencer PLC’s (GB:MKS) shares soared over 7% yesterday after the company raised its profit outlook for the fiscal year 2023-24. With a growing presence in sectors such as clothing, groceries, and home products, the company expects an uptick in sales for its upcoming half-year results. Further, the company anticipates substantial profit growth across its operations for the full year.

The company’s shares gained 7.4% on Tuesday, making their way to the top of the FTSE 250 index charts.