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Cyberattack costs UK retailer Marks & Spencer £300 mn
Cyberattack costs UK retailer Marks & Spencer £300 mn
Economy
by  AFP

British clothes-to-food retailer Marks and Spencer on Wednesday said a cyberattack disrupting its online service is set to last through to July and hit group profit by around £300 million ($404 million). The impact on annual group operating profit is estimated at around £300 million, "which will be reduced through management of costs, insurance and other trading actions", the retailer added.