• Marks & Spencer raised its Food operating margin target to about 5% from above 4% in its capital markets presentation.
• The Fashion, Home & Beauty operating margin target remains above 10%.
• Structural cost reductions total £450 million toward a £600 million target, leaving £150 million to deliver.
• Long-term ambitions include doubling Food sales and doubling Fashion, Home & Beauty online sales, with online reaching 50% sales participation.
• Dividends are set to double this year, with subsequent growth at least in line with earnings over time.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marks & Spencer Group plc published the original content used to generate this news brief on November 11, 2026, and is solely responsible for the information contained therein.