logo
Marks & Spencer restores click and collect orders after hack

Marks & Spencer restores click and collect orders after hack

Leader Live2 days ago
The retailer's click-and-collect system stopped working in stores over the Easter Weekend in April after the company was targeted by hackers.
Contactless payments were also taken down before being reinstated, while online orders through its website and mobile app were halted for around six weeks.
The retailer has gradually reinstated key parts of its online systems following work by IT experts.
Click and collect, which allows customers to buy products online and pick up at shops the next day, is the last major service to have been reinstated.
Last month, the group restored its Sparks membership scheme fully for shoppers.
In April, the company took down part of its IT systems and stopped sales through its website after being targeted by hackers.
Customer personal data, which could have included names, email addresses, postal addresses and dates of birth, was taken during the attack.
M&S revealed that the hack was caused by 'human error' and would cost it around £300 million.
Last month, boss Stuart Machin had said M&S expected operations to be running fully again by August.
Fellow retail chains, the Co-op and Harrods, were also impacted by cyber attacks in recent months.
Four young people were arrested for their suspected involvement in the attacks and have been subsequently bailed.
Shares in Marks & Spencer edged higher on Monday morning.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

S&P 500, Nasdaq rise to record highs on September rate cut hopes
S&P 500, Nasdaq rise to record highs on September rate cut hopes

Reuters

time2 hours ago

  • Reuters

S&P 500, Nasdaq rise to record highs on September rate cut hopes

Aug 13 (Reuters) - The benchmark S&P 500 and the Nasdaq hit record highs on Wednesday, underpinned by gains in megacap companies as investors were increasingly confident that the Federal Reserve could restart its monetary policy easing cycle next month. Signs that U.S. tariffs on imports have not fully filtered into headline consumer prices came as a relief for investors this week as they scour for insights on the impact trade uncertainty has had on the economy. Despite data showing underlying price pressures were on the rise, markets also factored in recent weakness in the job market and a shake-up at the Federal Reserve as they leaned in favor of a potential dovish move by the central bank in September. Traders are now fully pricing in a 25 basis points interest rate cut, according to the CME's FedWatch Tool, up from 89.2% last week. The central bank last lowered borrowing costs in December. "We're pretty much certain that we'll have at least 25 basis points of rate cuts in the month of September," said Thomas Hayes, chairman at Great Hill Capital LLC in NY, and noted that the Fed would have to respond to labor market weakness. At 09:59 a.m. ET, the Dow Jones Industrial Average (.DJI), opens new tab rose 379.32 points, or 0.86%, to 44,839.44, the S&P 500 (.SPX), opens new tab gained 28.17 points, or 0.44%, to 6,474.20 and the Nasdaq Composite (.IXIC), opens new tab gained 84.32 points, or 0.39%, to 21,766.23. Ten of the 11 S&P 500 sectors were higher, led by consumer discretionary (.SPLRCD), opens new tab that gained 1.1%, with (AMZN.O), opens new tab and Tesla (TSLA.O), opens new tab up over 1.5% each. The blue-chip Dow (.DJI), opens new tab was less than 1% away from an all-time high and the Russell 2000 index (.RUT), opens new tab, which tracks rate-sensitive small-cap companies, added 0.8% to hit a six-month high. "Rates coming down will also help (small-cap companies) refinance their debt loads, which is very positive for a lot of the laggard stocks that haven't moved as much in this big move off the April lows," Hayes said. The CBOE volatility index (.VIX), opens new tab, popularly referred to as Wall Street's fear gauge, dropped to 14.46 - its lowest since January. Later in the day, investors will scrutinize remarks of a number of policymakers, especially Chicago Fed President Austan Goolsbee - a Federal Open Market Committee voting member this year. Earnings are also in focus. CoreWeave (CRWV.O), opens new tab, which is backed by Nvidia (NVDA.O), opens new tab, slumped 12% after the AI data center operator reported a bigger-than-expected quarterly net loss. Eyes are also on developments surrounding the China revenue-sharing deal the U.S. government signed with chipmakers like Nvidia and Advanced Micro Devices (AMD.O), opens new tab, which the White House said could be expanded to others in the sector. Nvidia was flat, while Advanced Micro Devices rose 5.8%. Paramount Skydance (PSKY.O), opens new tab jumped 19% and is up over 24% this week. The company won exclusive broadcasting rights to the Ultimate Fighting Championship for seven years earlier this week. In geopolitics, Donald Trump and European leaders are expected to hold a virtual meeting on the Russo-Ukraine conflict, two days before the U.S. president meets Russian President Vladimir Putin. Advancing issues outnumbered decliners by a 3.82-to-1 ratio on the NYSE and by a 2.45-to-1 ratio on the Nasdaq. The S&P 500 posted 32 new 52-week highs and two new lows, while the Nasdaq Composite recorded 110 new highs and 36 new lows.

SNAPSHOT S&P 500, Nasdaq hit record highs at open on September rate cut hopes
SNAPSHOT S&P 500, Nasdaq hit record highs at open on September rate cut hopes

Reuters

time3 hours ago

  • Reuters

SNAPSHOT S&P 500, Nasdaq hit record highs at open on September rate cut hopes

Aug 13 (Reuters) - Wall Street's main indexes opened higher on Wednesday with the benchmark S&P 500 and the Nasdaq hitting record highs, underpinned by growing optimism that the Federal Reserve could restart its monetary policy easing cycle next month. The Dow Jones Industrial Average (.DJI), opens new tab rose 112.9 points, or 0.25%, at the open to 44571.53. The S&P 500 (.SPX), opens new tab rose 16.9 points, or 0.26%, to 6462.67​, while the Nasdaq Composite (.IXIC), opens new tab rose 82.6 points, or 0.38%, to 21764.548.

S&P 500, Nasdaq set to open at record highs on September rate cut hopes
S&P 500, Nasdaq set to open at record highs on September rate cut hopes

Reuters

time3 hours ago

  • Reuters

S&P 500, Nasdaq set to open at record highs on September rate cut hopes

Aug 13 (Reuters) - The benchmark S&P 500 and the Nasdaq were on track to open at record highs on Wednesday, buoyed by increasing confidence that the Federal Reserve could restart its monetary policy easing cycle next month. Signs that U.S. taxes on imports have not fully filtered into headline consumer prices sparked a relief rally on Wall Street in the previous session, with the benchmark S&P 500 (.SPX), opens new tab marking its first record high close in two weeks. Despite core inflation marking its biggest jump since the start of the year, investors factored in recent weakness in the job market and a shake-up at the Federal Reserve as they leaned in favor of a potential dovish move by the central bank in September. Interest rate futures now reflect a 97.3% chance of a 25 basis points interest rate cut, according to data compiled by LSEG, compared with 88.8% on Tuesday. The central bank last lowered borrowing costs in December. "A benign CPI report, coming on the heels of weak non-farm payrolls, has strengthened the case for a September Fed cut," said Nikos Tzabouras, senior market analyst at "However, market euphoria could be challenged as stagflation risks persist, potentially eroding consumption and hurting advertising - a key revenue stream for many tech giants." At 8:34 a.m. ET, Dow E-minis were up 132 points, or 0.30%, S&P 500 E-minis were up 15.25 points, or 0.24% and Nasdaq 100 E-minis were up 73.25 points, or 0.31%. The CBOE volatility index (.VIX), opens new tab, popularly referred to as Wall Street's fear gauge, dropped to 14.46 - its lowest since January. Rate-sensitive banking stocks such as Bank of America (BAC.N), opens new tab and Citigroup (C.N), opens new tab were marginally higher in premarket trading after the broader sector (.SPXBK), opens new tab logged its biggest daily rise in three months on Tuesday. Analysts said a steepening yield curve following the inflation report could help bank earnings as lenders could borrow cheap and lend at a higher rate. Later in the day, investors will scrutinize remarks of a number of policymakers, especially Chicago Fed President Austan Goolsbee - a Federal Open Market Committee voting member this year. Earnings are also in focus. CoreWeave (CRWV.O), opens new tab, which is backed by Nvidia (NVDA.O), opens new tab, lost 9.6% after the AI data center operator reported a bigger-than-expected quarterly net loss. Eyes are also on developments surrounding the China revenue-sharing deal the U.S. government signed with chipmakers like Nvidia and Advanced Micro Devices (AMD.O), opens new tab, which the White House said could be expanded to others in the sector. Eli Lilly (LLY.N), opens new tab rose 1.2% after the drugmaker launched the easy-to-use injector pen of its blockbuster weight-loss drug, Mounjaro, in India. Venture Global (VG.N), opens new tab gained 12.6% after the LNG major won a legal battle against Shell (SHEL.L), opens new tab over its failure to deliver liquefied natural gas under long-term contracts starting in 2023. Crude prices traded around $60 per barrel ahead of a virtual meeting between Donald Trump and European leaders on the Russo-Ukraine conflict, two days before the U.S. president meets Russian President Vladimir Putin.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store