Co-op fends off hackers as police probe M&S cyber attack
It said the "proactive measures" it had taken to fend off the attack had had a "small impact" on its call centre and back office.
Meanwhile, The Metropolitan Police has confirmed it's looking into the major cyber attack at fellow retailer Marks & Spencer (M&S).
"Detectives from the Met's cyber crime unit are investigating," it said in a statement.
It is not known whether there is any link between the two incidents.
There are more than 2,500 Co-op supermarkets in the UK, as well as 800 funeral homes. It also provides food to Nisa shops.
A spokesperson confirmed its shops and funeral homes were operating as usual following the attempted hack.
"We are working hard to reduce any disruption to our services and would like to thank our colleagues, members, partners and suppliers for their understanding during this period," they said.
"We are not asking our members or customers to do anything differently at this point."
It comes as M&S enters the second week of a cyber attack that has caused chaos costing it millions of pounds in lost sales.
The retailer has not said what took out its online ordering systems and left empty shelves in stores.
Ciaran Martin, the founding Chief Executive of the National Cyber Security Centre (NCSC), told the Today programme on BBC Radio 4 on Wednesday it had "serious" consequences for M&S.
"It is a highly disruptive event and a very difficult one for them to deal with," he said.
Experts have told the BBC they believe the cyber attack affecting M&S is a result of ransomware called DragonForce.
Ransomware is malicious software which locks an owner out of their computer or network and scrambles their data - with the criminals demanding a fee to unlock it.
It is not known whether the Co-op discovered the hacking attempt as a result of any extra security checks following the cyber attack on its high street rival.
Dan Card, cyber expert at BCS, the chartered institute for IT, said it was "very rare" for a firm to take systems offline after an attempted hack.
"Taking systems offline is typically indicative of either a loss of control or to defend against a zero day where no patch is available," he said.
A "zero day" is a term for a vulnerability in a computer system which its owners don't know about - meaning anybody can exploit it.
There have been similar hacking attempts on supermarket chains in the past, with Morrisons being impacted by an incident in December 2024.
Meanwhile, the banks Barclays and Lloyds were hit by outages earlier in 2025.
Cyber attack on M&S leads to click and collect delays
M&S customers in limbo as cyber attack chaos continues
Sign up for our Tech Decoded newsletter to follow the world's top tech stories and trends. Outside the UK? Sign up here.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
40 minutes ago
- Yahoo
Parker Declares Quarterly Cash Dividend and Updates Share Repurchase Authorization
CLEVELAND, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.80 per share of common stock to shareholders of record as of September 2, 2025. The dividend is payable September 12, 2025. This is the company's 301st consecutive quarterly dividend. Parker has increased its annual dividends per share paid to shareholders for 69 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 Index. The Board also approved an update to the number of shares available under the company's existing share repurchase authorization so that the aggregate number of shares available for repurchase is now 20 million. Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Learn more at or @parkerhannifin. ### CONTACT: Contact: Media – Aidan Gormley, Director, Global Communications and Branding 216/896-3258 Financial Analysts – Jeff Miller, Vice President, Investor Relations 216/896-2708 in to access your portfolio
Yahoo
an hour ago
- Yahoo
Stock Losses Accelerate on a Rout in Tech Stocks
The S&P 500 Index ($SPX) (SPY) today is down by -1.01%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.27%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -1.75%. September E-mini S&P futures (ESU25) are down -1.06%, and September E-mini Nasdaq futures (NQU25) are down -1.80%. Stock indexes today have extended Tuesday's losses, with the S&P 500 falling to a 1.5-week low and the Nasdaq 100 dropping to a 2-week low. The weakness in the Magnificent Seven technology companies and a selloff in chip stocks are weighing on the overall market. Also, disappointing corporate news is negative for stocks, with Target down more than -7% after forecasting a bigger-than-expected decline in full-year sales. Estee Lauder is down more than -5% after forecasting weaker-than-expected 2026 EPS. More News from Barchart Should You Buy the Pullback in Palantir Stock Today? The Quantum Computing Race Is On: These 2 Stocks Appear Poised to Lead As SoFi Launches International Money Transfer Services, How Should You Play SOFI Stock? Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! US MBA mortgage applications fell -1.4% in the week ended August 15, with the purchase mortgage sub-index up +0.1% and the refinancing sub-index down -3.1%. The average 30-year fixed rate mortgage rose +1 bp to 6.68% from 6.67% in the prior week. Diplomatic talks over the war in Ukraine continue to make headway. President Trump is pushing for a summit between Presidents Putin and Zelenskiy soon, and European leaders are discussing a plan to send British and French troops to Ukraine as part of a peace agreement. The outcome of the talks could have macroeconomic implications regarding tariffs and oil prices, and could, of course, have significant consequences for European security. The focus of the markets this week will be on any new tariff news and signs of progress toward a Ukraine peace deal. Later today, the minutes of the July 29-30 FOMC meeting will be released. On Thursday, weekly initial unemployment claims are expected to climb by +1,000 to 225,000, and the Aug Philadelphia Fed business outlook survey is expected to fall to 6.7 from 15.9 in July. Also, the Aug S&P manufacturing PMI is expected to remain unchanged at 49.8. In addition, Jul existing home sales are expected to fall -0.3% m/m to 3.92 million. On Friday, Fed Chair Powell speaks on the economic outlook at the Federal Reserve's annual symposium at Jackson Hole, Wyoming. Regarding tariffs, President Trump widened steel and aluminum tariffs to include more than 400 consumer items that contain the metals, such as motorcycles, auto parts, furniture components, and tableware. The change went into effect on Monday and did not exclude goods already in transit. Last Friday, Mr. Trump said, 'I'll be setting tariffs next week and the week after on steel and on, I would say chips – chips and semiconductors, we'll be setting sometime next week, week after.' Mr. Trump last week said he planned a 100% tariff on semiconductors but would exempt companies that move chip manufacturing to the US. Mr. Trump also mentioned 200% or 300% tariffs on chips. In other recent tariff news, Mr. Trump last Tuesday extended the tariff truce with China for another 90 days until November. On August 6, Mr. Trump announced that he will double tariffs on US imports from India to 50% from the current 25% tariff, due to India's purchases of Russian oil. On August 5, Mr. Trump said that US tariffs on pharmaceutical imports would be announced 'within the next week or so.' According to Bloomberg Economics, the average US tariff will rise to 15.2% if rates are implemented as announced, up from 13.3% earlier, and significantly higher than the 2.3% in 2024 before the tariffs were announced. Federal funds futures prices are discounting the chances for a -25 bp rate cut at 84% at the September 16-17 FOMC meeting, down from 93% last Thursday. The markets are discounting the chances at 55% for a second -25 bp rate cut at the following meeting on October 28-29. Earnings reports indicate that S&P 500 earnings for Q2 are on track to rise +9.1% y/y, much better than the pre-season expectations of +2.8% y/y and the most in four years, according to Bloomberg Intelligence. With over 92% of S&P 500 firms having reported Q2 earnings, about 82% of companies exceeded profit estimates. Overseas stock markets today are mixed. The Euro Stoxx 50 is down -0.22%. China's Shanghai Composite climbed to a new 10-year high and closed up +1.04%. Japan's Nikkei Stock 225 closed down -1.51%. Interest Rates September 10-year T-notes (ZNU25) today are up +6 ticks, and the 10-year T-note yield is down -2.5 bp to 4.281%. Sep T-notes are modestly higher today, supported by weakness in equity markets. Also, strength in European government bonds is providing carryover support to T-notes. T-notes remained higher after the Wall Street Journal reported that President Trump is considering firing Fed Governor Lisa Cook over allegations that she committed mortgage fraud. If Cook is fired or resigns, Mr. Trump could appoint another Fed Governor who favors his lower interest rate policies. Supply pressures are limiting gains in T-notes as the Treasury will auction $16 billion of 20-year T-bonds later today. Also, concerns that last week's bearish US July CPI and PPI reports could keep the Fed from cutting interest rates at next month's FOMC meeting are weighing on T-notes. European government bond yields today are moving lower. The 10-year German bund yield is down -3.4 bp to 2.716%. The 10-year UK gilt yield is down -6.0 bp to 4.680%. ECB President Lagarde said the Eurozone economy is likely to see slower growth this quarter, with questions over global trade remaining despite recent trade deals with the US reducing uncertainty. UK Jul CPI rose +3.8% y/y, stronger than expectations of +3.7% y/y and the fastest pace of increase in 1.5 years. Jul core CPI also rose +3.8% y/y, stronger than expectations of +3.7% y/y. Swaps are discounting the chances at 7% for a -25 bp rate cut by the ECB at the September 11 policy meeting. US Stock Movers The Magnificent Seven stocks are under pressure today, weighing on the broader market. Tesla (TSLA) is down more than -4% and Nvidia (NVDA) is down more than -3%. Also, Meta Platforms (META), Alphabet (GOOGL), and Amazon (AMZN) are down more than -2%, and Apple (AAPL) is down more than -1%. Microsoft (MSFT) is down -0.33%. Weakness in chip stocks is a drag on the overall market. Intel (INTC) is down more than -7% and Micron Technology (MU) is down more than -6%. Also, Advanced Micro Devices (AMD), ARM Holdings Plc (ARM), and Marvell Technology (MRVL) are down more than -4%. In addition, Broadcom (AVGO) is down more than -3%, and Lam Research (LRCX), Applied Materials (AMAT), ON Semiconductor (ON), and GlobalFoundries (GFS) are down more than -2%. James Hardie Industries Plc (JHX) is down more than -36% after reporting its Q2 operating profit sank -29% y/y and said difficult economic conditions continue to weigh on homebuyers after recording the slowest spring season in more than twelve years. La-Z-Boy (LZB) is down more than -13% after reporting Q1 comparable sales fell -4% y/y versus -3% y/y, and forecast Q2 sales of $510 million-$530 million, the midpoint below the consensus of $528.5 million. Target (TGT) is down more than -7% after forecasting a full-year sales decline of a low single-digit percentage compared to the consensus of a -1.71% decline. Estee Lauder (EL) is down more than -5% after forecasting 2026 adjusted EPS of $1.90-$2.10, weaker than the consensus of $2.16. Carvana (CVNA) and Avis Budget Group (CAR) are down more than -5%, and CarMax (KMX) is down more than -1% after CNBC reported that Hertz Global Holdings will start selling pre-owned cars on Amazon Autos. TJX Cos (TJX) is up more than +4% to lead gainers in the S&P 500 after reporting Q3 comparable sales rose +4%, stronger than the consensus of +3.09%, and boosting its 2026 comparable sales forecast to +3% from a previous estimate of +2% to 3%, better than the consensus of +2.87%. Hertz Global Holdings (HTZ) is up more than +5% after CNBC reported the company will start selling pre-owned cars on Amazon Autos. Dayforce (DAY) is up more than +2% on reports that the company is in advanced talks with Thoma Bravo to be acquired for $70 a share. Analog Devices (ADI) is up more than +2% to lead gainers in the Nasdaq 100 after reporting Q3 revenue of $2.88 billion, better than the consensus of $2.76 billion. Jack Henry & Associates (JKHY) is up more than +2% after reporting Q4 processing revenue of $264.1 million, above the consensus of $255.3 million. McCormick & Co. (MKC) is up more than +1% after JPMorgan Chase double upgraded the stock to overweight from underweight with a price target of $83. Lowe's (LOW) is up more than +1% after acquiring Foundation Building Materials for about $8.8 billion as it expands beyond home improvement supplies. Earnings Reports(8/20/2025) Analog Devices Inc (ADI), Coty Inc (COTY), Estee Lauder Cos Inc/The (EL), Lowe's Cos Inc (LOW), Nordson Corp (NDSN), Target Corp (TGT), TJX Cos Inc/The (TJX). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Do Wall Street Analysts Like Leidos Holdings Stock?
With a market cap of $22.9 billion, Leidos Holdings, Inc. (LDOS) is a global science and technology leader serving government and commercial customers across defense, intelligence, civil, health, and international markets. The company delivers advanced solutions in areas such as cybersecurity, digital modernization, data analytics, systems engineering, and mission-critical operations worldwide. Shares of the Reston, Virginia-based company have outpaced the broader market over the past 52 weeks. LDOS stock has risen nearly 20% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 13.8%. Moreover, shares of the company are up 25.1% on a YTD basis, compared to SPX's 8.3% gain. More News from Barchart Should You Buy the Pullback in Palantir Stock Today? The Quantum Computing Race Is On: These 2 Stocks Appear Poised to Lead As SoFi Launches International Money Transfer Services, How Should You Play SOFI Stock? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Focusing more closely, the security and engineering company stock has also outperformed the Industrial Select Sector SPDR Fund's (XLI) 18.5% return over the past 52 weeks. Shares of Leidos climbed 7.5% on Aug. 5 after the company reported Q2 2025 adjusted EPS of $3.21, well above Wall Street's expectation. Revenue came in at $4.3 billion, topping estimates, and management raised its full-year adjusted profit forecast to $11.15 per share - $11.45 per share. Investor optimism was further supported by strong demand for Leidos' technical services and munitions amid ongoing global geopolitical tensions. For the fiscal year, ending in December 2025, analysts expect LDOS' adjusted EPS to grow 11.7% year-over-year to $11.40. The company's earnings surprise history is promising. It topped the consensus estimates in the last four quarters. Among the 18 analysts covering the stock, the consensus rating is a 'Moderate Buy.' That's based on 12 'Strong Buy' ratings and six 'Holds.' This configuration is more bullish than three months ago, with 10 'Strong Buy' ratings on the stock. On Aug. 6, Truist raised its price target on Leidos to $188 while maintaining a 'Buy' rating. As of writing, the stock is trading below the mean price target of $188.06. The Street-high price target of $209 implies a potential upside of 16.9% from the current price levels. On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data