M&S warns of £300m revenue hit resulting from hacking disaster

Marks and Spencer (M&S) has warned buyers it’s going through a £300m hit to buying and selling earnings because of final month’s ransomware assault.

The corporate mentioned its estimate didn’t embrace different prices, reminiscent of insurance coverage.

The persevering with fallout from final month’s cyberattack is hanging over the retailer’s outlook as its on-line channels stay down for funds.

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