RE: Marks and Spencer13 May 2025 10:58
RNS today, sounds like cyber issues still ongoing, revealed that some customer data has been taken.
This is really going to hit their bottom line this year. Have read of stories from staff that stock system completely messed up, it is not able to predict what the stores need correctly, they are being sent all kinds of stuff they don't need and missing deliveries of stuff they do need. Lots of perishable food going to waste and staff apparently taking bags of food home that would otherwise be going to waste.
Touching a resistance line around here, so could go sideways for a few days - though in all likelihood to me sounds like it will continue dropping, at least until they announce a we fixed everything RNS. It's going to be financially costly with fixing and improving all the systems, food wastage and missed online sales. Who knows how far it will dip, stronger resistance at 320 has bounced of their twice this year but it may even dip to 300 area - which is basically wiping out the last 12 months gains.