| Marks and Spencer Christmas sales boosted by food |
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Marks and Spencer has reported a modest rise in UK sales over the Christmas period, after strong food sales offset weaker trading elsewhere at the firm.
Like-for-like sales for the final 13 weeks of 2011 were up 0.5% on a year earlier. Food sales were up 3%. The company said margins would be lower this year due to promotions. Separately, the British Retail Consortium (BRC) said December retail sales in the UK rose by 2.2% after a "dazzling" final week before Christmas. 'Cautious' outlook Although like-for-like food sales, which strip out the impact of any new store openings, at M&S were up, general merchandise sales fell by 1.8%. |



