M&S shares recovery after near-£700m cyber attack

SHARES in Marks & Spencer have risen for the first time since a cyber attack wiped almost £700million off the FTSE 100 retailer's valuation.

- By Jon Robinson

M&S has seen its share price tumble from 411p to 383p in the past week after first revealing the breach.

The cyber attack last Tuesday initially impacted contactless payments and click and collect orders.

Then M&S stopped taking orders through its retail website and app last Friday.

The company added that some of its international websites had also paused taking orders.

But while the impact of the hack is yet to be resolved, M&S's share price has increased for the first time since the crisis struck.