M&S has said it believes DragonForce, a group of largely Russian cyber criminals, was behind the attack. Photograph: Mike Egerton/PA WireMarks and Spencer has said it will take a £136 million (€154 million) hit to its annual profits from a cyber attack that caused havoc with the UK high street retailer’s online sales earlier this year. The attack caused a 55 per cent fall in first-half profits to £184.1 million, down from £413.1 million a year earlier. However, chief executive Stuart Machin said he expected profits in the second half to rebound “to be at least in line with last year”. Growth in food sales, its largest business by revenue, offset a decline in fashion and home and beauty, which was hard hit by the cyber attack.

Source: The Irish Times November 05, 2025 21:02 UTC