Marks & Spencer's (M&S) workers are looking forward to a collective GBP56m (US$108.19m) bonus following a surge in the retailer's share price.

M&S said about 12,000 employees - mostly store workers - will pocket between GBP1,000 and GBP45,000 from their participation in the firm's Sharesave scheme.

CEO Stuart Rose said: "We're delighted that so many of our people have benefited from Sharesave and that their faith in M&S has been rewarded."

The company's return to popularity has driven its share price from 282p three years ago to more than 700p in the past few weeks.