M&S cyberattack to wipe out nearly one-third of annual profits
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 21 2025
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Should l Buy ?
Source: CNBC
Impact of Cyberattack on Marks & Spencer: A recent cyberattack has severely affected British retailer Marks & Spencer, leading to an estimated £300 million loss in operating profit for the year and causing significant disruptions to online sales.
Response and Future Plans: The company plans to accelerate its technology transformation program as a response to the attack, while also acknowledging that the incident was due to "human error" and has raised concerns about ongoing cyber threats in the retail industry.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
