Wednesday, May 21, 2025

UK retailer M&S says it expects a £300M profit hit from an April cyberattack and disruption to continue until July 2025; M&S' market cap has falled by ~£750M (Laura Onita/Financial Times)

Laura Onita / Financial Times:
UK retailer M&S says it expects a £300M profit hit from an April cyberattack and disruption to continue until July 2025; M&S' market cap has falled by ~£750M  —  UK retailer's operations face ongoing disruption from April hack  —  Roula Khalaf, Editor of the FT …



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Counterpoint: India's smartphone shipments fell 3% YoY in Q1 2026, a six-year low, as price hikes weigh on sales; 80+ smartphone models saw price hikes of ~15% (Abhinav Parmar/Reuters)

Abhinav Parmar / Reuters : Counterpoint: India's smartphone shipments fell 3% YoY in Q1 2026, a six-year low, as price hikes weigh on...