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The Markets
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The Markets
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Retail

M&S shares lower amid reports of a cyberattack

Marks and Spencer Group PLC (LSE:MKS) were down as much as 3.5 per cent this week as the retailer continued to grapple with a cyberattack that has disrupted services across its network.

A Times article cites the company as confirming that click-and-collect orders remain suspended and online deliveries are still subject to delays, following an incident that began on Monday.

In-store contactless payments have also been halted, with the company taking what it described as a “proactive decision” to move some operations offline to protect staff, suppliers and systems.

Despite the disruption, shops remain open, and M&S said it is working with cybersecurity experts to restore full service.

In afternoon trading, the shares were off 5.64p at 394.26p.

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