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Evening Standard
Evening Standard
Business
Holly Williams

M&S profits plunge after costly cyber attack

Marks and Spencer Stuart Machin
Marks and Spencer’s was forced to halt website orders during the cyber attack (Alamy/PA) -

Marks and Spencer’s profits have more than halved after it took a hit from a major cyber attack earlier this year that saw online home and fashion sales plunge more than 40% when it was forced to halt website orders.

The retail giant reported its underlying pre-tax profits tumbled 55.4% to £184.1 million in the six months to September 27.

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