Marks & Spencer Profits Plummet on Cyberattack

Core Insights - The retailer reported a significant decline in adjusted pretax profit, which plunged by 55% [1] - Despite the current downturn, the company anticipates a recovery in the second half of its fiscal year [1] Financial Performance - Adjusted pretax profit decreased by 55% compared to previous periods [1] - The company is optimistic about a potential rebound in financial performance later in the fiscal year [1]