M&S freezes all pay rises and suspends non-essential spending

// M&S says profit would be on lower end of expecations as coronavirus crisis continues to bite the retail sector
// Profit would now likely be at the lower end of its expectations, even with massive spending cuts
// All pay rises have been frozen, non-essential spending suspended, marketing budget cut, and non-essential recruitment suspendedMarks & Spencer has frozen all pay rises and suspended all non-essential spending as it warned that its clothing & home lines would take a hit f