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Marks & Spencer shares decrease on back of poor holiday tradingAFP LONDON -- Shares in British high street retailer Marks & Spencer fell on Thursday, but clawed back earlier heavy losses, as investors fretted over sliding sales in the key Christmas holiday trading period.
January 12, 2013, 12:00 am TWN 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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