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M&S cyberattack to wipe out nearly one-third of annual profits

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Summary
Nutrition label

77% Informative

British retailer Marks & Spencer says recent cyberattack will wipe out one-third in annual profits.

The forecasted 300 million impact equates to 30.5% of the company's annual operating profit.

CEO Stuart Machin : "We will use this window of disruption to accelerate our technology transformation plans" Cyberattack has wiped over 1 billion from M&S ' stock market value.

VR Score

86

Informative language

89

Neutral language

89

Article tone

semi-formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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