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Britain's M&S says cyberattack to cost $400 million
LONDON (Reuters) -British retailer Marks & Spencer said on Wednesday a "highly sophisticated cyber" attack would cost it about 300 million pounds ($403 million) in operating profit, with disruption set to run into July. The attack on one of the biggest names in Britain, with 64,000 staff and 565 stores, sent shockwaves through the retail sector. It forced its online clothing operation offline, left some food shelves bare, and wiped over a billion pounds from the company's stock market value.
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finance.yahoo.com
UK inflation rockets in April, Reeves 'disappointed' by data
(Reuters) -Britain suffered a bigger-than-expected inflation surge in April, including in areas watched closely by the Bank of England which investors now believe will have to…
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Britain's M&S says cyberattack to cost $400 million
LONDON (Reuters) -British retailer Marks & Spencer said on Wednesday a "highly sophisticated cyber" attack would cost it about 300 million pounds ($403 million) in operating…
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Etihad first-quarter profit jumps 30% on strong demand
Etihad Airways' first-quarter profit after tax jumped 30% to 685 million dirhams ($186.52 million), it said on Wednesday, citing strong demand and improved operational efficiency.…
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dailymail.co.uk
Marks and Spencer say cyber attack will cut operating profits by £300m
Marks and Spencer has said disruption from a major cyber attack is expected to continue through to July and reduce operating profits by around £300million before action to offset…