Business · 16 September 2026
Marks and Spencer shares drop as inflation spike sparks cost worries
Peter McDermott via Wikimedia Commons (CC-BY-SA-2.0)
Shares in the high street retailer fell four per cent on Wednesday after official figures showed inflation rose to a five-month high of 3.1 per cent in August. Analysts warned that higher inflation could lead the Bank of England to raise interest rates, forcing budget-conscious shoppers to cheaper supermarkets. M&S relies on its food division for more than half its revenue, leaving it exposed to shifting consumer habits.
Reported by City AM · How we write briefs