Marks & Spencer exceeded profit expectations, with food department results driving a 17.2% rise in half-year profits to £407.8 million, surpassing analysts’ forecasts. The retailer’s return to the FTSE 100 index after four years was attributed to a sharp increase in share price. CEO Stuart Machin emphasized the need for continued growth despite strong trading momentum, highlighting upgrades in food products and increased value perception.
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Three Years After Ukraine Invasion, Europe Still Deals With Energy Crisis
Europe has transformed its energy generation and storage methods since Russia's invasion of Ukraine in 2022, replacing Russian natural gas with sources like liquefied natural gas from the United States and increasing wind and solar power generation by 50%. However, the region still faces energy security challenges due to its dependence on other countries, high natural gas prices, and the need for more investment in renewable energy to address gaps in supply. The energy crisis...
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