Impact on Profit Estimated at £300m
- Marks and Spencer restarts online orders
- Cyber attack halted online services temporarily
Marks and Spencer (M&S) has resumed online orders after temporarily halting them due to a cyber attack on its networks. The company had to pause its services, causing disruptions for customers. In May, M&S stated that it expects a hit of around £300m on 2025/26 operating profit before cost mitigation, insurance, and trading actions.
Factuality Level: 10
Factuality Justification: The article provides concise and accurate information about the resumption of online orders by Marks and Spencer following a cyber attack. It is brief but informative without any unnecessary details or digressions.
Noise Level: 7
Noise Justification: The article provides basic information about the event but lacks depth, analysis, or actionable insights. It only reports the fact of M&S resuming online orders after a cyber attack without exploring the consequences, long-term trends, or providing any evidence or data to support its claims.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article mentions a cyber attack affecting Marks and Spencer, a UK-based retail company. Although it does not directly impact financial markets, it is relevant to the financial sector as it involves a company’s operations and potential consequences on its customers and business.
Presence Of Extreme Event: Yes
Nature Of Extreme Event: h. Technological Disruption
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: Although it caused temporary disruptions, the cyber attack’s impact was relatively minor as they have resumed online orders quickly.
www.retailsector.co.uk