Marks & Spencer Shares Fall 4% as Online Orders Paused After Cyber Incident
Back on the London stock market, Marks & Spencer shares have fallen by 4% following the retailer’s announcement that it is temporarily pausing online orders in the UK and Ireland due to a recent cyber incident.
In a statement to the City, M&S said:
“As part of our proactive management of the incident, we have made the decision to pause taking orders via our UK & Ireland websites and apps, as well as some M&S International operated websites. Customers can still browse our product range online, and our stores remain open and ready to welcome and serve shoppers.”
The company added that it is working closely with cybersecurity experts to resolve the issue and restore online operations as quickly as possible.
Earlier this week, M&S apologised after the cyber incident disrupted contactless payments and the collection of online orders in stores.
