M&S takes more than a year to recover from cyber-attack as profits bounce back to £355m
MeridStreet AI summaryMarks & Spencer has reported a significant recovery in its profits, reaching £355m in the six months to 26 September, after being severely impacted by a devastating cyber-attack last year. The attack, which began over Easter 2025, forced the retailer to shut its website for over six weeks, resulting in a prolonged decline in clothing sales. Despite clothing and homeware sales remaining below their pre-hack levels, the company's overall performance suggests its brand is in good health.
Read the source report: The Guardian →
Why it matters
The company's profits have bounced back to £355m after a cyber-attack. However, sales and profit from clothing and homeware remain below two years ago.
Market impact
Transmission channels
Likely winners & losers
Winners
- Retail stocks
- UK equities
Under pressure
- Cybersecurity threats
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MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to The Guardian. For information only — not financial advice.