Supermarkets
M&S warns of £300m profit hit following cyber attack
It expects online disruption to continue throughout June and into July, which will also mean increased stock management costs in the second quarter
Marks and Spencer has reported its highest profits in over 15 years, with pre-tax profits up by 22.2% to £875.5m in its full-year results, but has warned it faces a £300m hit to next year’s profits amid ongoing disruption from a major cyber attack.
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