back to top

Marks & Spencer set to give update on cyber hack recovery

Share post:

- Advertisement -


Marks & Spencer will this week shed light on its recovery from a cyberattack and how it is faring amid consumer gloom.

Shares in the retailer sit near nine-year highs despite months of disruption after its hack over the Easter bank holiday.

Investors will be keen to hear if there are further costs ahead, as well as the size of any cyber-insurance claims and its spending on technology.

Confidence: Shares in M&S (modelled by Georgia May Jagger, above) sit near nine-year highs despite months of disruption after its hack over the Easter bank holiday

Confidence: Shares in M&S (modelled by Georgia May Jagger, above) sit near nine-year highs despite months of disruption after its hack over the Easter bank holiday

Boss Stuart Machin has already forecast a £300m hit to profits for the year to March 2026.

But M&S will offer some insight into how tight pockets are amid worries that consumer confidence has been dampened owing to the Budget later this month.

DIY INVESTING PLATFORMS

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

Free fund dealing and investment ideas

Hargreaves Lansdown

Free fund dealing and investment ideas

Hargreaves Lansdown

Free fund dealing and investment ideas

Flat-fee investing from £4.99 per month

interactive investor

Flat-fee investing from £4.99 per month

interactive investor

Flat-fee investing from £4.99 per month

Account and trading fee-free ETF investing

InvestEngine

Account and trading fee-free ETF investing

InvestEngine

Account and trading fee-free ETF investing

Free share dealing and no account fee

Trading 212

Free share dealing and no account fee

Trading 212

Free share dealing and no account fee

Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.

Compare the best investing account for you

- Advertisement -

Popular

Subscribe

More like this
Related