M&S Q1 2018 clothing & home revenue down 0.5%

"Trading in the first quarter was in line with our expectations and we are on track with delivery of the plan we announced last year. I am pleased that we continue to grow full price sales in clothing and home, with reduced discounting and no clearance sale in the quarter," said Steve Rowe, M&S chief executive.

The summer sale for clothing and home began a week later than last year, with terminal stock for the season significantly down. (RR)