Half-year loss of £87.6m comes as new coronavirus restrictions create more uncertainty
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Marks & Spencer has crashed to its first-ever loss as clothing sales collapsed during the first coronavirus lockdown, with more pain to come as its shops in England face new restrictions.
The retailer made a pre-tax loss of £87.6m in the six months to 26 September after a series of one-off costs, including the £92m bill for a major reorganisation that resulted in 7,000 job cuts.
