Marks & Spencer Beats Inflation Fears: The London Rush

A lot of people are banking on inflation slowing significantly this year — none more so than everyday shoppers, who have been squeezed by higher prices across the board. Supermarkets like Marks & Spencer, which reported full-year results this morning, say they’re doing everything they can to keep prices down, at the expense of margins. The UK’s hotter-than-expected inflation reading today might make things a bit more challenging, though that’s not deterring Marks & Spencer shares, which jumped to the highest level in more than a year at the open.

Here’s the key business news from London this morning:

In The City

Marks & Spencer ...