Investors and shoppers await clues on fallout from M&S cyber-attack
From Yahoo Finance: 2025-05-18 12:10:00
Marks & Spencer will release its financial results, addressing the impact of a recent cyber-attack and the halt on online orders. The retailer’s sales are worth £3.8m daily. CEO urges shoppers to visit stores, as clothing sales may have suffered during the cyber-attack. Personal data of thousands of customers was compromised. Analysts estimate the cyber-attack may cost M&S £200m, but could be offset by a £100m insurance payout. Investors await financial guidance and dividend updates. Sales are predicted to have increased by 5% to £13.8bn, with a pre-tax profit of £840m, compared to £716m last year.
Read more at Yahoo Finance: Investors and shoppers await clues on fallout from M&S cyber-attack