Marks & Spencer Cyberattack Impact
This is a news story, published by CNBC, that relates primarily to Stuart Machin news.
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profit damageCNBC
•Business
Business & Economics
M&S cyberattack to wipe out nearly one-third of annual profits

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.
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