By  on November 4, 2008

LONDON — Marks and Spencer Group plc has become the latest victim of the deepening credit crisis here, with a 43.6 percent decline in first-half profits.

The store, Britain’s largest clothing retailer, said Tuesday that profits in the six months to Sept. 27 fell to 221.7 million pounds, or $430 million, from 393.3 million pounds, or $763 million, on the back of weak sales and declining consumer confidence. All figures have been converted at average exchange rates for the period.

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