M&S breach exposes retail sector’s security risks April 28, 2025 Marks and Spencer (M&S) has been grappling with a serious cyber attack that forced the retailer to suspend online orders, disrupted in-store operations, and blocked its remote staff from working on its system. The attack, which began over the Easter weekend, has left M&S unable to fulfil many customer orders – driving its stock down [...]
M&S: FTSE 100 shares continue to drop after cyber attack April 28, 2025 Marks and Spencer’s (M&S) share price has fallen more than three per cent in early trades this morning as the effects of a cyber attack last week rage on. The FTSE 100 retailer’s share price has fallen by nearly nine per cent since it announced the attack in a statement to the London Stock Exchange [...]
M&S: FTSE 100 shares slump as online orders stopped April 25, 2025 Shares in FTSE 100 giant Marks and Spencer (M&S) slumped this afternoon as the retailer stopped taking online orders because of an ongoing cyber attack. The London-listed company confirmed earlier this afternoon that it had made the decision not to take any more orders through its website and app because of the cyber attack – [...]
M&S stops taking online orders as cyber attack rages on April 25, 2025 Marks and Spencer (M&S) has stopped taking orders through its website and app as its battle against a cyber attack rages on. The company added that some of its international websites have also paused taking orders. The FTSE 100 retailer had previously said the incident, which was disclosed to the public on Tuesday, had impacted contactless [...]
M&S: Shares at FTSE 100 retailer fall as cyber attack hits customers April 24, 2025 Shares in Marks & Spencer (M&S) have continued to fall as its battle against a cyber attack wages on. The FTSE 100 retailer has said the incident, which was disclosed to the public on Tuesday, has impacted contactless payments and click and collect orders. Shares in M&S have fallen by more than 1.5 per cent [...]
FCA vows to slash red tape by 70 per cent for investment firms April 24, 2025 The Financial Conduct Authority (FCA) has laid out new rules as it bows to government pressure to slash the amount of red tape on investment firms. The move, designed to streamline what types of funds investment firms must hold to absorb losses and maintain financial resilience during periods of stress, is expected to reduce the [...]
Don’t abolish the Mayor, just get rid of Sadiq Khan April 24, 2025 The problem facing London is not the institution of the Mayor or the London Assembly that scrutinises him – it’s the incumbent, Sadiq Khan, says Neil Garratt Tony Lodge’s recent article in City AM questioning the value of London’s Mayoralty after 25 years provokes an important debate, but reaches the wrong conclusion. The problem facing [...]
The FCA will boost growth by being a smarter regulator March 25, 2025 The Financial Conduct Authority is prioritising growth and fighting financial crime as chief executive Nikhil Rathi unveils a new five-year strategy Tomorrow the Chancellor will deliver her Spring Statement. Among the blizzard of figures, it’s likely we will hear one word more than any other: growth. The government has made growth their number one mission. [...]
City regulator appoints Asia-Pacific director in growth push March 20, 2025 A top director at the Financial Conduct Authority (FCA) will head up a new role in Asia as part of the regulator’s bid to boost growth, City AM has learned. Camille Blackburn, who is currently the director of wholesale buy-side at the regulator, will head up growth operations in the Asia-Pacific region. This follows the [...]
City regulator considering scrapping £100 contactless limit March 14, 2025 The Financial Conduct Authority (FCA) announced on Friday it was looking for opinions on scrapping the contactless card limit and whether changes could benefit the UK economy. The current cap prohibits customers from making contactless card payments of more than £100 – however, the rule is set for review in a bid to boost growth. [...]