M&S turnaround held back by falling clothing sales
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LONDON (Reuters) - Britain's Marks & Spencer reported a 17% drop in first-half profit, dragged down by falling clothing sales, but said it was confident it could fix its problems and return to growth, sending its battered shares higher.Shares in the 135-year-old M&S, one of the best known names in British retail, were up 3.2% at 1008 GMT, paring losses for the year to 35%, after it forecast improved second half trading and said its latest attempt at a turnaround was making progress.In September..