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The Latest Breaking News from Stuart Machin

The Treasury’s supermarket food price cap wheeze was bananas

Retailers such as M&S need not worry – the UK is not in a state of emergency and competition is clearly working

The Guardian - UK

Call for food price caps ‘completely preposterous’, says M&S boss

Stuart Machin argues government should reduce tax and regulatory burden on supermarkets instead

The Guardian - UK

Government food price caps would be ‘preposterous and idiotic’, say supermarkets

A Government minister denied plans for price caps but confirmed that it is holding talks with supermarkets amid concerns over rising inflation.

Evening Standard

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Supermarket bosses say food price caps would be ‘preposterous’ and ‘idiotic’

A government minister denied any concrete plans for price caps but confirmed ongoing discussions with supermarkets

The Independent UK

Marks and Spencer Group H2 Earnings Call Highlights

Marks and Spencer Group (LON:MKS) reported higher annual group sales and said it expects profit growth to resume as management outlined plans to step up investment in stores, supply chain, digital systems and value. On an analyst call, CEO Stuart Machin said the year had been “a year of 2…

MarketBeat

M&S launch 'most requested product' - a gluten free Colin

The iconic caterpillar cake is now suitable for coeliacs, after thousands requested a gluten free version

Evening Standard

M&S Christmas food sales soar but clothing suffers from cyber-attack fallout

Poor festive fashion sales deepen fears of squeeze on UK household budgets and falling high street footfall

The Guardian - UK

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Marks & Spencer Bounces Back: Recovery Underway as Retail Giant Aim for Major UK Food Store Expansion

M&S is reportedly looking to launch 500 new sites across Britain after a costly cyberattack last summer inflicted over £300 million in losses

International Business Times UK

Stuart Machin: ‘We turned M&S around – Rachel Reeves’s Budget could undo our good work’

Having made the high street stalwart fashionable again and steered its 32 million customers through one of the worst ever cyber attacks in the UK, the CEO is looking forward to some Christmas cheer. There is just one dark cloud on the horizon, he tells Geordie Greig

The Independent UK

Marks & Spencer’s cyber-trauma is bad, but clearly manageable

Chief executive criticises chancellor before budget that could prove bigger threat to business than ‘the incident’

The Guardian - UK

M&S boss warns customer confidence dented by Budget worries

Chief executive Stuart Machin said the Chancellor’s pre-Budget speech on Tuesday did not ease customer fears or give certainty to business.

Evening Standard

M&S reveals huge cost of cyber-attack which halted online sales

The hack saw the firm take down their app and stop online orders - causing a 40 per cent drop

The Independent UK

M&S profits plunge after costly cyber attack

The retail giant reported underlying pre-tax profits tumbling 55.4% to £184.1 million in the six months to September 27.

Evening Standard

FTSE 100 Live 05 November: M&S profits tumble, Barratt Redrow guidance lifts shares

Marks Spencer today said half-year profits were almost wiped out by the cyber attack that crippled the business earlier this year.

Evening Standard

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Evening Standard

M&S to shed light on shopper response to cyber attack disruption

Next week, the retailer will fully report its sales and profits over the period when its systems were hit for the first time.

The Independent UK

M&S still working to put cyber attack ‘behind us’

IN FULL

The Independent UK

Marks & Spencer issues online shopping update following ‘damaging’ cyber attack

The high street giant was forced to suspend online operations in April after hackers targeted its systems

The Guardian - UK

M&S’s online business should be ‘fully’ operational by end of month, CEO says

Stuart Machin tells AGM retailer hopes to put ‘vast majority’ of cyber-attack chaos ‘behind us’ by August

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Evening Standard

Worst of cyber attack impact to be over by August, says M&S boss

In April, retailer Marks & Spencer was forced to halt online orders after it was targeted by hackers.

Evening Standard

Final phase of ‘Not for EU’ food labelling comes into force

The Government believes the labels are likely to become unnecessary when the UK and EU finalise a new agrifood deal.

The Guardian - UK

M&S boss slams ‘bureaucratic madness’ of products requiring ‘not for EU’ labels

Stuart Machin says labels, designed stop British goods leaking into bloc, add ‘another layer of unnecessary costs and red tape’

The Independent UK

Post-Brexit food labelling branded ‘bureaucratic madness’ by M&S boss

‘Not for EU’ labels have been phased in since 2023 when the post-Brexit trading deal was agreed

Evening Standard

M&S boss criticises post-Brexit food labelling as ‘bureaucratic madness’

Stuart Machin said more than 1,000 M&S products being transported to Northern Ireland will need to have a ‘Not for EU’ label.

The Independent UK

DragonForce and Scattered Spider: Inside the hacker groups linked to M&S cyberattack

Marks & Spencer has continued its online orders six weeks after a cyberattack, believed to be caused by DragonForce and Scattered Spider

Evening Standard

M&S hack: DragonForce cyber criminals sent abuse-filled ransom demand to retailer's CEO

The email was reportedly sent to M&S chief executive Stuart Machin from the hacker group DragonForce

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