Marks & Spencer scraps shareholder payout amid Covid-19 crisis

Retailer warns that disruption from coronavirus pandemic may last for the rest of this yearCoronavirus – latest updatesSee all our coronavirus coverageMarks and Spencer has scrapped next year’s dividend as it looks to cut costs and preserve cash, warning that disruption from the coronavirus crisis may last for the rest of 2020.M&S will save £210m by suspending the shareholder payout and said the banks that provide its £1.1bn overdraft facility had agreed to relax or r