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M&S return to health continues

British retail group Marks & Spencer has reported a near 30% rise in first half pre-tax profits as it continues its recovery.

The group, which has four stores in the Republic, posted pre-tax profits of £287m, above most forecasts, mainly due to a sharp rise in sales.

Turnover rose 7.9% to £3.69 billion. The company says sales and profits in its stores here were ahead of the same period last year.