Having spent an embarrassing four years in the wilderness, out of the FTSE 100, investors and consumers alike were delighted to see Mark & Spencer return to the ‘topflight’ this month.
Today’s full year results from M&S – I still prefer to call the brand St Michael’s – suggests that the UK’S most celebrated retail operation is no longer in remission and has finally shown signs of rising like the ‘Phoenix from the Ashes’ after spending more than a decade in the ‘doldrums.’