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Marks & Spencer expects £300m hit in lost sales from cyber-attack

Hack on IT systems since Easter weekend has forced halt to online orders and a struggle to stack shelvesMarks & Spencer has said it will lose an estimated £300m as a result of a damaging cyber-attack that has forced it to halt online orders and struggle to keep store shelves stocked.The number was revealed as M&S said annual pre-tax profits rose a better than expected 22% to £876m ahead of the cyber attack. Continue reading...

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