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The Latest Breaking News from Stuart Machin

M&S boss’s pay surges to £7.1m despite retailer being hit by huge cyber attack

Stuart Machin received a jump in bonus payments linked to a rise in Marks and Spencer’s share price before it was knocked by a major cyber attack

The Independent UK

The cyber-attack is costly and embarrassing. But M&S should pull through

If £300m can be whittled down to £150m, it’s a big hit but still a long way from upsetting M&S’s broader revival

The Guardian - UK

Marks & Spencer hack: When will the retailer be back to normal?

The retailer has said a recent cyber attack will cost the firm around £300 million.

Evening Standard

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UK retailer Marks & Spencer puts cyberattack cost at $400 million with disruptions ongoing

British retailer Marks & Spencer estimates that a cyberattack that stopped it from processing online orders and left store shelves empty will cost it about 300 million pounds, or $400 million

The Independent UK

Marks & Spencer blames ‘human error’ as cyber attack set to cost £300m

The high street retail giant halted orders on its website and saw empty shelves after being targeted by hackers around the Easter weekend.

Evening Standard

Cyber attacks: What to do if you fear your personal information has been stolen

M&S has revealed that customer personal data has been taken by hackers

The Independent UK

Marks & Spencer reveals customer data taken by hackers after cyber attack

The retail giant said the personal data accessed does not include payment or card details, or account passwords.

Evening Standard

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M&S admits customer data was stolen by hackers in cyber attack

The retail giant has stressed that payment or card details have not been accessed

The Independent UK

Inside the hacking meltdown at Marks & Spencer's

Minister warns that companies much treat cyber security as “an absolute priority”

Evening Standard

Clothing shortages, food waste and millions lost each day: inside the M&S cyber-attack chaos

‘It’s easier to list the things that work than the things that don’t’, said one worker, but customers are impressed with staff resilience and analysts believe the retailer will bounce back

The Guardian - UK

Who are Scattered Spider? FBI warns M&S hackers are now targeting airline industry

British teens are thought to be among the members of the international group

Evening Standard

Marks & Spencer is back online – these are my favourite fashion picks for summer

Browse the retailer’s latest fashion drop, in the wake of the cyber attack

The Independent UK

M&S ‘working day and night’ to manage impact of cyber attack

Chief executive Stuart Machin said he is ‘really sorry’ customers have been affected.

Evening Standard

M&S customers rally behind retailer as thousands send messages of support after cyber attack

Shoppers back retailer after hacker group linked to attack last week

The Independent UK

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TechRadar

Marks and Spencer has suffered a cyberattack - here’s what we know so far

M&S stores remain largely unaffected following incident.

Fortune

From outcast to on-track: How M&S found a culture to turn a crumbling business around

M&S is enjoying four years of growth under the leadership of Archie Norman and Stuart Machin however there is still much more to do and they are not resting on their laurels.

Evening Standard

Marks & Spencer shop workers to get 5% pay rise in April

The retailer said it will spend about £95 million on pay increases, which will come at the same time as a rise in the minimum wage across the UK.

The Independent UK

Thousands of retail workers to get 5 per cent pay rise next month

Marks & Spencer said it will spend about £95 million on pay increases in April as the minimum wage rises across the UK

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Evening Standard

Business hiring at its weakest since the pandemic following Budget tax raid on employers

Researchers warns there is unlikely to be any “significant improvement” in the near future

Evening Standard

M&S boss says Government must ‘act now’ as Budget risks shrinking UK retail

Stuart Machin, writing in the Sunday Times, called on Chancellor Rachel Reeves to ‘act now’ and make changes to her tax plans.

The Independent UK

M&S chief accuses government of raiding retail sector ‘like a piggy bank’

Stuart Machin says the government’s latest tax policies risk stifling growth

The Guardian - UK

M&S boss says UK retailers being ‘raided like a piggy bank’ over planned tax rises

Stuart Machin also speculates about whether successive governments have been guilty of ‘snobbery’ towards retail

The Guardian - UK

Big retail will cope – but Reeves’ NICs raid is too much, too soon for part-timers

In the hospitality sector, where labour costs are a bigger proportion of the overall base, employers have fewer options

Evening Standard

M&S vows to constrain price rises after Budget hit but warns task ‘not easy’

Shares plunged as boss Stuart Machin also cautioned of an ‘uncertain’ economic picture, taking the shine off bumper Christmas trading.

Evening Standard

Marks & Spencer sales surge over Christmas, boosted by bumper food division

The retailer saw a record sales day for its food department during the festive period.

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