M&S cyberattack helps Next to beat expectations again July 31, 2025 High Street darling Next has said that good weather and the disruption to Marks & Spencer caused by its recent cyberattack has helped it to beat expectations yet again. The Lord Wolfson-run fashion group said full price sales were up over 10 per cent in the first half of this year, nearly £50m ahead of [...]
Christian Dior: UK sales and profit slashed despite demand for watches and jewellery July 28, 2025 Sales and profit at the UK arm of Christian Dior have been slashed despite the uptick in demand for the luxury fashion brand’s watches and jewellery. The London-based division’s revenue fell from £32.4m to £280m in the year while its pre-tax profit was also cut from £46.6m to £27.6m over the same period. Its latest [...]
‘Irresponsible’ M&S ad gets banned for promoting ‘unhealthily thin’ models July 23, 2025 The UK’s advertising watchdog has upheld a complaint that Marks and Spencers used an “unhealthily thin” model to advertise clothes on its app. In its ruling on the M&S ad, the Advertising Standard Authority (ASA) said the model “appeared unhealthily thin” and concluded that the ad was “irresponsible.” “The pose of the model and the [...]
The Works: Shares triple in value after ‘living to fight another day’ July 22, 2025 Shares in The Works have more than tripled in price in the space of four months after recovering from investors questioning “its relevancy in modern retail”. Stock in the West Midlands-headquartered company was priced at 20p towards the end of March but their value has rocketed since then and are now changing hands for more [...]
Ocado shares spike as grocer boosted by £750m M&S joint venture gain July 17, 2025 Online grocer Ocado has reported significant growth in the first half of 2025, while stating its major goal is to turn cash-flow positive next year. Its share price spiked more than 13 per cent in early trades. Ocado told markets this morning that revenue rose 13.2 per cent to £674m, while earnings before interest, tax, depreciation [...]
Retail data threats peak in Q2, as UK sector grapples with cyber spree July 17, 2025 New analysis of cyber threat data suggests a clear seasonal pattern is emerging in retail-focused attacks, with the second quarter of the year consistently seeing a spike in malicious activity targeting retailers across the UK. The findings, based on Abnormal AI’s data collected between January 2023 and June 2025, indicate that threat actors are increasingly [...]
Co-op boss confirms data of all 6.5m members stolen July 16, 2025 The chief executive of Co-op has confirmed that the personal data of all its 6.5m members was stolen during a major cyber attack in April, marking one of the most widespread data breaches in UK retail history. Speaking publicly for the first time since the attack, Shirine Khoury-Haq said the breach had a “devastating” impact [...]
Arrests made after M&S, Co-op and Harrods cyber attacks July 10, 2025 Four people, including three teenagers and a 20-year-old woman, have been arrested in connection with a wave of cyber attacks that crippled M&S, the Co-op and Harrods. The group allegedly unleashed ransomware that stole millions of customer records, shut down online orders and left supermarket shelves bare. The National Crime Agency (NCA) said the individuals [...]
Fintech leads surge in London finance hiring July 10, 2025 Fintech helped lead roaring growth in London’s finance hiring for the second quarter of the year as demand for risk professionals surged amid a more moribund jobs market for traditional lenders. New financial services jobs vacancies rose three per cent quarter-on-quarter, according to Morgan McKinley’s London Employment Monitor while Greater London fintech hiring is expected [...]
M&S to be fully operational by August after heavy cyber attack, boss says July 1, 2025 Marks and Spencer boss Stuart Machin has said he expects the worst of the retailer’s cyber attack to be over within the next four weeks. M&S has been struggling with the attack since April, with some systems still offline – including click and collect services. The retailer’s share price climbed slightly in response, up 0.62 [...]