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M&S profits slump on store closure costs

Marks and Spencer has suffered a big fall in annual profits following a costly store closure plan. Annual pre-tax profits fell by almost two-thirds to £66.8m as sales of food, clothing and homeware all declined. On Tuesday the retailer said it plans to close 100 shops by 2022, accelerating an overhaul …

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The rise of alternative water

With the sugar tax soon to come into effect, many are looking for a healthy substitute. Are ‘superdrinks’ more than a clean-living fad, asks Tomé Morrissey-Swan The idea has been batted around for a while now, but the so-called ‘sugar tax’ on fizzy drinks will officially come into effect on …

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