Labour tightens cyber rules after JLR and M&S breaches Tech The government has introduced its long-awaited cyber security and resilience bill to parliament, promising to toughen the UK’s defences against the growing wave of cyberattacks on businesses and public services. Ministers say the new legislation represents a ‘step change’ in national security, with the aim of protecting vital services such as energy, water and healthcare [...]
Musk’s $trillion pay package is impossible to justify Opinion The Notebook, where the City’s movers and shakers have their say. Today it’s investment analyist Susannah Streeter with the pen Radio phone-ins, social media feeds and TV news programmes have all been taken over by talk of Elon Musk’s trillion-dollar deal. I was woken super early by one producer and the phone barely stopped ringing, [...]
M&S reveals full cost of cyber attack Retail The hit from Marks and Spencer’s cyber attack earlier this year is set to total £136m by 2026, the company said this morning. This is in addition to insurance income of £100m related to the attack, which hit the FTSE 100 firm in April. The fashion and food company was forced to suspend online orders [...]
‘Sower of chaos’ – Russia behind UK cyberattacks, says Cloudflare boss October 30, 2025 The recent spate of cyberattacks that have crippled British firms is largely being carried out by Russia, which used the outbreak of the conflict in Gaza as a “cover story” to deflect attention, the boss of one of the world’s largest cybersecurity firms has said. Cloudflare chief executive Matthew Prince told City AM that the [...]
‘Exceptional’ M&S chair Archie Norman cleared for three more years in role October 14, 2025 Marks and Spencer’s board has unanimously extended Archie Norman’s tenure as chair in light of his “exceptional” performance over the last nine years. While it is uncommon for chairs to stay longer than nine years, the board of M&S agreed that Norman’s “deep knowledge of the business, drive and unique experience” were invaluable to the [...]
Greencore: Strawberry sandwich maker’s shares rise amid M&S cyber fallout October 8, 2025 Shares in Greencore, one of the UK’s major convenience food manufacturers, have risen six per cent following Wednesday’s trading update which highlighted another strong quarter and a robust full-year performance. The FTSE 250-listed group, which supplies sandwiches, rolls and wraps – and notably, the viral Japanese sando-inspired strawberry and cream sandwich – to Marks & [...]
Jaguar Land Rover to bailout suppliers after state ‘rescue’ stalls October 5, 2025 Jaguar Land Rover is finalising a deal to lend its suppliers millions of pounds as the tax-payer backed rescue of the carmaker hit a wall. Bosses are putting the final touches to a sweeping lifeline that would see up to £500m be injected into its supply chain, which is at a standstill. The privately funded [...]
Ex-GCHQ chief: No company should be offline for weeks after cyberattack October 3, 2025 No vigilant company should need to go offline for more than a few days after a cyberattack, the former director of GCHQ has said in comments that will pile fresh scrutiny on Jaguar Land Rover’s (JLR) preparedness before its hack left production at a standstill for over a month. Robert Hannigan, who ran the UK [...]
Digital ID cards are a sign of a Groundhog Day government that’s out of ideas October 2, 2025 Digital ID cards – or ‘Brit cards’ as Starmer calls them – are a Blair-era policy being recycled at the worst possible time, says James Ford It has been estimated that there are no fewer than 138 movie sequels currently in production. By any estimate, that is a lot of sequels. Even Homer Simpson is [...]
The growing cost of cyber attacks: Why cyber insurance matters September 26, 2025 This year, headlines have been dominated by cyber attacks against prominent business names, causing disruptions and financial losses. But many of these businesses lacked a major tool: cyber insurance coverage. Marks & Spencer dominated the news in April and May after it was hit by a cyber attack, which forced the retail giant to suspend [...]