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Cyberattack costs UK retailer Marks & Spencer £300 mn
Cyberattack costs UK retailer Marks & Spencer £300 mn
Business and Economy
by  AFP

British clothes-to-food retailer Marks and Spencer on Wednesday said a cyberattack disrupting its online service is set to last through to July and hit group profit by around £300 million ($404 million). The impact on annual group operating profit is estimated at around £300 million, "which will be reduced through management of costs, insurance and other trading actions", the retailer added.

UK inflation hits 15-month high as utility bills soar
UK inflation hits 15-month high as utility bills soar
Business and Economy
by  AFP

Britain's annual inflation rate surged more than expected in April as energy and water bills rose sharply, official data showed on Wednesday. He noted that "water and sewerage bills also rose strongly... as did vehicle excise duty, which all pushed the headline rate up to its highest level since the beginning of last year".