Marks & Spencer's annual profits have topped £1 billion for the first time in a decade.
The profits of just over £1 billion for the year to March 29 were 4.3% ahead of last year, but came alongside a 1.7% fall in like-for-like sales during the final three months of the year - the second successive quarter of sales declines after a disappointing Christmas.
Chief executive Stuart Rose said he expected market conditions 'to remain difficult for the foreseeable future'.
M&S paid out a record £91m in bonuses to its 75,000 staff last year but has slashed the pay-out this time after it failed to hit internal targets.
