Thisismoney Marks & Spencer Suffers Major Profit Loss Due to Cyber Attack
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Marks & Spencer (M&S) reported a significant decline in profits following a cyber attack in April 2025 that disrupted its online and in-store operations. The retailer's statutory pre-tax profits fell from £391.9 million to just £3.4 million, reflecting a 99% drop, while the estimated cost of the attack is around £136 million, impacting sales and operations severely during the first half of the financial year.
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