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M&S Cyber Attack Costs £136 Million, Profits Plummet

11/5/2025

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Summary

Story summary

Marks and Spencer Group plc (M&S) says a cyber attack earlier this year will cost £136 million by 2026, £100 million in insurance claims.
The incident cut statutory profit before tax by 99%, from £391.9 million to £3.4 million.
Fashion, home, and beauty sales fell 16.4%, while international sales dropped 11.6%.
Stuart Machin said the food division remained resilient and profits in the second half align with last year.

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Story summary

Marks and Spencer Group plc (M&S) says a cyber attack earlier this year will cost £136 million by 2026, £100 million in insurance claims.
The incident cut statutory profit before tax by 99%, from £391.9 million to £3.4 million.
Fashion, home, and beauty sales fell 16.4%, while international sales dropped 11.6%.
Stuart Machin said the food division remained resilient and profits in the second half align with last year.