Cyberattack Affects Marks & Spencer Group PLC

Marks and Spencer Group plc has been impacted by a significant cyberattack, which is expected to have a substantial financial impact on the company.

The incident is estimated to result in a loss ranging from £300 million to $400 million. The company is working to mitigate the effects of this attack through cost savings and insurance payments.

Financial Impact and Response

• Estimated loss: £300 million to $400 million
• Mitigation efforts: cost savings and insurance payments

Investment Analysts’ Views

Jefferies has upgraded Marks and Spencer to a “buy” rating, indicating a positive outlook for the company’s future performance.

Note

This information is based on publicly available data and may not reflect the company’s official statements or updates.