Marks and Spencer Group plc (MKS) Q2 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.179 Hello everybody, it's Archie Norman here and I wanted to welcome you to the 00:00:05.179 -- 00:00:09.445 2024 Marks and Spencer interim results. 00:00:09.445 -- 00:00:15.695 In a moment, Stuart is going to give you the strategic overview of the last six months. 00:00:15.695 -- 00:00:19.681 Jeremy Townsend, our finance director, is then going to talk through the detail of the 00:00:19.681 -- 00:00:24.809 financial performance and Stuart will come back and take you through the commercial performance 00:00:24.809 -- 00:00:28.043 of each businesses and say a few words about outlook. 00:00:28.043 -- 00:00:33.129 But for me, the most important thing about this period has not been the financial performance, 00:00:33.129 -- 00:00:36.814 which has been robust. If it hadn't been robust, you'd probably hear a bit more from 00:00:36.814 -- 00:00:38.736 me. 00:00:38.736 -- 00:00:44.823 But it's been the pickup in pace in terms of people, organization, 00:00:44.823 -- 00:00:46.706 and culture, 00:00:46.706 -- 00:00:51.772 which means that we have a now much more capable organization and means that we can 00:00:51.772 -- 00:00:54.487 move ahead to tackle 00:00:54.487 -- 00:01:01.017 the deep-lying problems around store rotation, technology and supply chain. 00:01:01.017 -- 00:01:05.324 And that means too that we can pick up the pace of investment 00:01:05.324 -- 00:01:09.210 which is required to create the high-performing 00:01:09.210 -- 00:01:12.715 growth business that we know M&S can become. 00:01:12.715 -- 00:01:14.598 Thank 00:01:14.598 -- 00:01:21.166 you, Archie. Well, good morning everyone and welcome to our half-year results presentation. 00:01:21.166 -- 00:01:26.421 If you're watching this on Wednesday, the 6th of November, there will b...