Marks & Spencer shares decrease on back of poor holiday trading

M&S said in a statement published overnight that like-for-like sales, stripping out the impact of new floor space, sank 1.8 percent in Britain in the group's third quarter or 13 weeks to Dec. 29, compared with the same part of the previous year.

General merchandise sales slumped 3.8 percent, but food sales edged 0.3-percent higher and total sales grew 0.6 percent, boosted by a strong performance in the group's international division.

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