For the 52 weeks ending March 28, 2020 M&S reported that profit before tax fell by 21.2% down to £403.1m, while group revenues slipped 1.9% to £10.1bn.

Chief executive Steve Rowe lamented the effects of coronavirus on the business, following a year of “substantial progress and change”. The retailer said the virus directly affected profits by £52m in March and added £212.8m in costs and write downs.