Reported about 11 hours ago
Marks & Spencer (M&S) faces scrutiny from investors and shoppers as it prepares to report its financial results this week, following a significant cyber-attack that disrupted its IT systems and halted online orders. With the attack affecting product availability and expected losses in clothing sales during favorable weather, stakeholders are eager for updates on the company's recovery and financial outlook. Analysts estimate a potential £200m impact from the breach, though insurance could mitigate half of that loss, while M&S's market value has declined by over £1.1bn.
Source: YAHOO