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M&S to bag good sales

RETAIL giant Marks & Spencer is close to having both its food and general products divisions "firing on all cylinders" and expects a better Christmas after poor clothing sales hit last year.

M&S has posted three straight years of profit decline, despite spending £2.4bn (€3bn) to address decades of underinvestment.

Analysts do, however, 
expect profit to rise 
significantly over the next three years. "I don't think we'll have a poor Christmas," said Steve Rowe, executive director of food.