Not just any fall in profit and sales, this is a Marks & Spencer fall in profits and sales (08/11/2011). I know the new tag line is “Your M&S” but I just couldn’t resist!
The retailer blamed a “challenging economic environment” for its 8% drop in sales for the six months to 1 October 2011 compared to the same period last year. With clothes lines and other products in decline, food remains the only area of growth.
You can view our latest credit report and financials for M & S here.
With much more encouraging news, Jaguar Land Rover announced (10/11/2011) that they are to create 1,000 at their Land Rover plant in Solihull. This represents a plant workforce increase of 25%.
In September the company announced that they would be creating 750 new job at a new factory near Wolverhampton building low-emission engines.
To see our latest full report for Jaguar Land Rover click here.