Investors to hang on the coat tails of Marks & Spencer’s recovery

As Marks & Spencer updates the market Sheridan Admans, investment research manager at The Share Centre, explains what it means for investors.
 
“Marks & Spencer’s share price saw a boost in early morning trading as it reported clothing total sales rising 1.3% and general merchandise total sales up 0.2%. The food division also performed well, considering Easter this year falls outside of its Q4 results.
 
“We continue to believe that investors should hang on the coat tails of recovery at Marks & Spencer, as it demonstrates in this update it is starting to get results from tackling its problems in womenswear and General Merchandise. Improving consumer confidence and recovering UK economy, led by domestic demand, should be supportive of results ahead.”