Wednesday, November 10, 2021

M&S Shares Surge by 20%

 

Shares in Marks & Spencer have surged by more than 20% after it raised its profit forecasts for the second time in less than three months.

M&S said it expects full-year profit to hit roughly £500m – a jump from its previous estimate of around £350m.

M&S’s improved performance was driven largely by food sales, which jumped 10.4pc in the first half as more people cooked at home during lockdowns. Its clothing line – historically its more troubled division – suffered from store closures, but revenue was down only 1pc.

Shares jumped as much as 21pc, hitting the highest level since 2019, before falling back to gains of 16pc.

However, it warned that it was hard to “unravel” the continued impact of the pandemic on higher sales, adding that supply chain troubles and cost inflation posed a threat.

Tax Investigation Insurance

Having a Solar Protect Tax Investigation Insurance policy at your disposal means that should you be one of the many 1000's of businesses or individuals that are selected by HMRC each year to look into your tax affairs your own accountant (your tax return agent) can get on and defend you robustly.

You have the peace of mind knowing that your accountant's (your tax return agent) fees will be paid by the insurance without any Excess for you to find.

Tax Investigation Insurance is an insurance policy that will fully reimburse your accountants (your tax return agent) fees up to £100,000 if you are subject to enquiry by or dispute with HMRC.

A Solar Protect policy will enable your Accountant (your tax return agent) to:

  • Deal with any correspondence from HMRC
  • Attend any meeting with HMRC
  • Appeal to the First-tier Tribunal or Upper Tribunal
  • Having the security of knowing that fees will be met in full will enable your Accountant (your tax return agent) to defend your position robustly

Please click here for details.

No comments:

Post a Comment