JLR LOSES HALF A BILLION AFTER CRIPPLING HACK

JLR LOST MORE than half a billion pounds in the three months to 30 September as the devastating effects of a cyber attack weighed heavily on its financial performance.

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The IT systems hack halted production across JLR's plants for five weeks from 2 September and the resulting loss of revenue ended a run of 11 straight profitable quarters for the company.

JLR posted a loss of £547 million, of which £196m was a direct result of the hack. JLR didn't say whether any of that amount was paid as a ransom to the hackers.