Marks & Spencer set to give update on cyber hack recovery

Marks & Spencer will this week shed light on its recovery from a cyberattack and how it is faring amid consumer gloom.

Shares in the retailer sit near nine-year highs despite months of disruption after its hack over the Easter bank holiday.

Investors will be keen to hear if there are further costs ahead, as well as the size of any cyber-insurance claims and its spending on technology.

Boss Stuart Machin has already forecast a £300m hit to profits for the year to March 2026.

But M&S will offer some insight into how tight pockets are amid worries that consumer confidence has been dampened owing to the Budget later this month.