M&S braced for £300m hit from high street closure carnage

Marks & Spencer is braced for a financial hit of up to £300m from an expanded store closure programme that reflects brutal trading conditions on the British high street.Sky News has learnt that the retailer will announce as part of its annual results on Wednesday a huge charge triggered by costs associated with its efforts to shrink underperforming parts of its store portfolio.A source close to M&S said the company was expected to include so-called adjusted‎ items worth approxi