Marks & Spencer expects £300m impact from cyber attack as recovery continues

  • Marks and Spencer Group PLC (LSE:MKS) said its recent cyber attack is estimated to have a £300 million impact on in its new financial year after the past year saw its biggest underlying profit in 15 years.  The high street retailer said it is still working on the recovery from what it called a "highly sophisticated cyber incident", with current efforts focused on restoring systems and operations over the rest of the first half, "with the aim of exiting this period a much stronger business".