M&S profits surge to £355m on cyber attack recovery despite an 'onslaught' of costs
Summary
M&S profits surged on its cyber attack recovery despite an 'onslaught' of costs, the Evening Standard and The Independent reported on Wednesday 4 November, the high street giant having been buoyed by strong growth across its food business, which is performing 'ahead' of plan. The FTSE 100 retailer posted a £355m pre-tax profit in the six months to the end of September, up from £3m last year when a cyber attack shut down its website, City A.M. reported, Marks & Spencer saying its food arm is driving the retailer's return to growth despite the 'onslaught of cost headwinds' facing the industry.
Latest: Marks & Spencer posted a £355m pre-tax profit in the six months to the end of September, up from £3m last year when a cyber attack shut down its website, City A.M. reported, the Evening Standard and The Independent writing that the high street giant has been buoyed by strong growth across its food business, which is performing 'ahead' of plan.
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How it unfolded
Wednesday 4 November
Marks & Spencer posted a £355m pre-tax profit in the six months to the end of September, up from £3m last year when a cyber attack shut down its website, City A.M. reported, the Evening Standard and The Independent writing that the high street giant has been buoyed by strong growth across its food business, which is performing 'ahead' of plan.
- 02:51The Independent M&S profits surge on cyber attack recovery despite ‘onslaught’ of costs
- 02:51Evening Standard M&S profits surge on cyber attack recovery despite ‘onslaught’ of costs
- 02:45City A.M. Marks & Spencer boosted by food growth amid ‘onslaught of costs’