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Marks & Spencer will announce this week that sales have picked up slightly since its
third-quarter Christmas trading update, in which underlying clothes sales were down 9.9%.
The news will do little to ease pressure on Sir Stuart Rose, its executive chairman, who is under fire from City analysts and shareholders over group strategy and corporate governance. The City also fears that M&S may be losing ground to some of its competitors.
It is expected to reveal that sales were still 7%-8% lower than the same period last year and that profit margins have been savaged by price cuts designed to woo customers.
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