Marks and Spencer staff to share £80m bonus pot

Marks and Spencer (M&S) staff are set to share an £80m bonus pot this week.

The money will be split between more than 72,000 staff at the high-street retailer, as the company is expected to announce that profits rose by more than 5%, topping £630m.

M&S did not pay a bonus last year and is expected to argue that it has delivered the equivalent of more than £100m of additional profits despite the economic conditions, the Times has reported.