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M&S cyber attack recovery

M&S has reported surging profits following a cyber attack, though some business areas remain below pre-attack levels, highlighting ongoing challenges for UK retailers.

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What is going on

  • M&S reported a profit of £403 million as it recovers from a cyber attack, according to recent reports.
  • The retailer's food business has shown strong growth, contributing to the financial recovery.
  • Fashion and home sales have recovered but profits are still lower than before the cyber attack.
  • The cyber attack has affected the company's financial performance and operational stability.
  • What to watch: Further updates on the long-term financial impact of the cyber attack on M&S and its sector.

Reports in this story

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