M&S will not pay bonuses to its directors after annual profits plunge

Marks and Spencer Plc (M&S) has decided not to pay bonuses to its directors on the back of fall in profit. The company said in its annual report that group PBT was below the threshold for bonus payments in the business to begin. As such, the committee exercised its discretion and no bonus payments were made to directors. Group profit before adjusting items was 580.9 million pounds (779 million dollars), last year.