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The Latest Breaking News from Stuart Machin

M&S Christmas food sales soar but clothing suffers from cyber-attack fallout

Poor festive fashion sales deepen fears of squeeze on UK household budgets and falling high street footfall

The Guardian - UK

Marks & Spencer Bounces Back: Recovery Underway as Retail Giant Aim for Major UK Food Store Expansion

M&S is reportedly looking to launch 500 new sites across Britain after a costly cyberattack last summer inflicted over £300 million in losses

International Business Times UK

Stuart Machin: ‘We turned M&S around – Rachel Reeves’s Budget could undo our good work’

Having made the high street stalwart fashionable again and steered its 32 million customers through one of the worst ever cyber attacks in the UK, the CEO is looking forward to some Christmas cheer. There is just one dark cloud on the horizon, he tells Geordie Greig

The Independent UK

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Marks & Spencer’s cyber-trauma is bad, but clearly manageable

Chief executive criticises chancellor before budget that could prove bigger threat to business than ‘the incident’

The Guardian - UK

M&S boss warns customer confidence dented by Budget worries

Chief executive Stuart Machin said the Chancellor’s pre-Budget speech on Tuesday did not ease customer fears or give certainty to business.

Evening Standard

M&S reveals huge cost of cyber-attack which halted online sales

The hack saw the firm take down their app and stop online orders - causing a 40 per cent drop

The Independent UK

M&S profits plunge after costly cyber attack

The retail giant reported underlying pre-tax profits tumbling 55.4% to £184.1 million in the six months to September 27.

Evening Standard

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FTSE 100 Live 05 November: M&S profits tumble, Barratt Redrow guidance lifts shares

Marks Spencer today said half-year profits were almost wiped out by the cyber attack that crippled the business earlier this year.

Evening Standard

M&S to shed light on shopper response to cyber attack disruption

Next week, the retailer will fully report its sales and profits over the period when its systems were hit for the first time.

Evening Standard

M&S still working to put cyber attack ‘behind us’

IN FULL

The Independent UK

Marks & Spencer issues online shopping update following ‘damaging’ cyber attack

The high street giant was forced to suspend online operations in April after hackers targeted its systems

The Independent UK

M&S’s online business should be ‘fully’ operational by end of month, CEO says

Stuart Machin tells AGM retailer hopes to put ‘vast majority’ of cyber-attack chaos ‘behind us’ by August

The Guardian - UK

Worst of cyber attack impact to be over by August, says M&S boss

In April, retailer Marks & Spencer was forced to halt online orders after it was targeted by hackers.

Evening Standard

Final phase of ‘Not for EU’ food labelling comes into force

The Government believes the labels are likely to become unnecessary when the UK and EU finalise a new agrifood deal.

Evening Standard

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The Guardian - UK

M&S boss slams ‘bureaucratic madness’ of products requiring ‘not for EU’ labels

Stuart Machin says labels, designed stop British goods leaking into bloc, add ‘another layer of unnecessary costs and red tape’

The Independent UK

Post-Brexit food labelling branded ‘bureaucratic madness’ by M&S boss

‘Not for EU’ labels have been phased in since 2023 when the post-Brexit trading deal was agreed

Evening Standard

M&S boss criticises post-Brexit food labelling as ‘bureaucratic madness’

Stuart Machin said more than 1,000 M&S products being transported to Northern Ireland will need to have a ‘Not for EU’ label.

The Independent UK

DragonForce and Scattered Spider: Inside the hacker groups linked to M&S cyberattack

Marks & Spencer has continued its online orders six weeks after a cyberattack, believed to be caused by DragonForce and Scattered Spider

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Evening Standard

M&S hack: DragonForce cyber criminals sent abuse-filled ransom demand to retailer's CEO

The email was reportedly sent to M&S chief executive Stuart Machin from the hacker group DragonForce

The Independent UK

M&S hackers sent abuse and ransom demand directly to chief executive

M&S is predicted to take a £300m hit to profits after the cyberattack in April

TechRadar

M&S CEO directly targeted by hackers demanding ransom payout

DragonForce ransomware gang sent threatening emails directly to M&S CEO Stuart Machin.

Fortune

Too scared to shop? Why retail is a prime target for criminals

It all points to a vulnerability amongst retail businesses, despite the fact that the threat from cyber attacks has existed for many years. But why are retail businesses being targeted?

The Guardian - UK

M&S boss’s pay package soared to £7.1m weeks before cyber-attack

Stuart Machin received 39% bump for year ending March thanks to sharp rise in performance-linked bonuses

The Independent UK

M&S boss’s pay soared by 39% ahead of cyber attack

IN FULL

Evening Standard

Marks & Spencer boss’s pay deal surges to £7.1m

Stuart Machin received a jump in bonus payments linked to a rise in the firm’s share price before it was knocked by a major cyber attack.

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