M&S profits halved after cyber-attack

M&S pegs cyber cleanup costs at £136M, profits tumble

: Retailer's tech systems aren’t down anymore, but the same can’t be said for its rocky financials

FTSE 100 Live: M&S profits tumble, Barratt Redrow guidance lifts shares

Marks & Spencer today said half-year profits were almost wiped out by the cyber attack that crippled the business earlier this year.

M&S Sees Second-Half Rebound as Cyberattack Impact Fades

Marks & Spencer Group Plc expects profit in the second half to rebound to at least last year’s level as the British retailer tries to move on from a costly cyberattack that disrupted sales since April.

M&S first-half profit hammered by impact of cyber hack

British retailer Marks & Spencer reported a 55.4% slide in first-half underlying profit, reflecting the impact of an April cyber hack that forced it to suspend online clothing orders for seven weeks and also hit food availability.

M&S profits plunge by more than half after major cyber attack

The hack saw the firm take down their app and stop online orders - causing a 40 per cent drop

Astonishing cost of M&S cyber attack is revealed

Marks & Spencer’s half-year profits have taken a major hit after a cyber attack this year.