M&S to make £100m cyber claim from Allianz and Beazley May 14, 2025 Marks and Spencer is preparing to claim as much as £100m from its cyber insurance policy, following a major cyber attack that disrupted operations and led to the theft of some customer data. The UK retailer admitted for the first time on Tuesday that personal information, including customer contact details, dates of birth, and online [...]
M&S: FTSE 100 shares rise after major cyber attack update May 13, 2025 Marks and Spencer’s (M&S) share price has risen as investors breathed a sigh of relief that hackers haven’t accessed ring-fenced bank details, although the cyber attack remains ongoing. The FTSE 100 retail giant told markets this morning that some customer data was stolen during the attack, but that the data does not include useable payment [...]
M&S will ‘need to go on a charm offensive’ to win customers back May 8, 2025 Analysts have warned that Marks and Spencer (M&S) faces an uphill battle to win back customers when it has dealt with its ongoing cyber attack. The high street darling told markets it had suffered a “cyber incident” at the end of April. Around £1bn has been wiped off its market value since 1 April, and [...]
Why M&S, Harrods and the Co-op were hit by cyber attacks May 8, 2025 Cyber security experts have warned that retail’s lack of investment in IT protection, as well as the amount of consumer data it has access to, has put a bullseye on the sector. The warnings follow a trio of serious attacks at major UK households names – Harrods, Marks and Spencer (M&S) and the Co-op. “Retailers [...]
Mark Kleinman: This is not just any retail cyber attack… May 8, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column This is not just any retail cyber attack… It’s hardly an exclusive club these days: a big listed company is the victim of a major cyber attack, compromising its systems and ability to continue serving customers. [...]
The Debate: Does the UK need tougher cybersecurity laws? May 7, 2025 In the wake of a wave of major cyber attacks, is it time for the UK to get tougher on cybersecurity? We get two experts to hash it out.
Next set to reveal profit increases amidst tariff uncertainty May 3, 2025 Next is expected to post rising profits next week despite a string of costs increases hitting retailers and broader concerns about UK consumer confidence. The retail giant will reveal its first quarter results on May 8, hot on the heels of profits of more than £1bn last year. Next, which has more than 450 stores [...]
Harrods hit in cyber spree as experts warn of ‘coordinated campaign’ May 2, 2025 Harrods has become the latest high profile UK retailer targeted by cyber attackers, joining Marks & Spencer and Co-op Group in a spate of recent incidents that security experts fear may be part of a broader attack against the sector. Harrods has confirmed that it had experienced “attempted to gain unauthorised access” to its systems. [...]
M&S and Co-op: UK retailers brace for cyber attacks May 1, 2025 Two of the UK’s most recognisable retail brands – Marks and Spencer and Co-op – found themselves at the centre of a growing cyber security storm this past week. From suspended online orders at M&S to locked-down systems at Co-op, the message from the frontline is clear: cyber threats are no longer just an IT [...]
Investors keep faith in M&S success story May 1, 2025 There’s no doubt that M&S is in the grip of a crisis, but investors appear to have faith that the current cyber nightmare won’t undermine the dream run enjoyed by this retailer in recent years. The business still stands out as a triumphant turnaround success story, with a share price that’s been on an upward [...]