Marks & Spencer, the UK’s largest clothing retailer, will unveil full-year pre-tax profit of £628m this week, up 4pc from £604.4m last year.

The results will be the last under Sir Stuart Rose, the chairman, who will step down by next spring at the latest.

The increased profit means M&S’s staff will share a bonus of around £80m. The results cover the 52 weeks to March 27. A 53rd week, to 3 April, is expected to contribute an additional £60m of profit before tax.

Marks & Spencer’s rise in profit paves the way for ‘radical’ changes under new chief executive office Mark Bolland who took his post as earlier this month.

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