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02 Dec, 2020 15:43 02 Dec, 2020 15:45

Marks & Spencer grateful for business rates relief

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Marks & Spencer was not planning to return the business rates relief provided by the government during the pandemic.

A spokeswoman for the fashion retailer did however express gratitude for the financial aid, explaining how it had helped the firm support staff and suppliers through "challenging circumstances".

Earlier, Tesco, the country's second-largest retailer, had announced that it would return the £585m of support that it had been provided, piling the pressure on rivals to do the same.

As of 1540 GMT, shares of Tesco were trading higher by 0.68% to 133.65p.

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Important Legal Notice about News Sources

 

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.