We’ve heard the argument before, but now it does seem the moment of maximum danger has passed
Green shoots at M&S? That was chairman Archie Norman’s boast as he peered through the thicket of exceptional charges that dominated yet another set of annual results and turned a small headline pre-tax profit of £41.6m into a large statutory loss of £201m.
“We are emerging from the chrysalis of Covid as a reshaped business and I think for the first time for three and half years there is a lot to feel confident about,” he declared.
