M&S warns of £300m profit hit due to hacking crisis

Marks and Spencer (M&S) has warned investors it is facing a £300m hit to trading profits as a result of last month's ransomware attack.

The company said its estimate did not include other costs, such as insurance - as it warned the disruption may last for months.

The continuing fallout from last month's cyberattack is hanging over the retailer's outlook as its online channels remain down for payments.

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