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Blimey that is a huge deal. Need to take time to digest but I like the sound of it!

Ocado impairment not great but doesn't impact dividend nor forward looking EPS. Cyber headline hit of £300 operating profit is headline grabbing and sounds bad BUT it's before all mitigations and insurance. We already know the company expects to receive £100m in insurance coverage and presumably the company's mitigation steps will add another £25-50m? Sounds like the app and online will be back up and running soon but with some operational issues continuing for a month or two. Rest of the results are actually AHEAD of expectations. Will be interesting to see if the market whacks this or looks through the exceptionals. GLA

Final spam. I've heard that potentially online and click and collect will be back up and running within a week.

Don't discount some serious summer revenge buying of clothes via click and collect / online when things reopen. The wife already has a big basket order ready to go...

I think Marks will bounce to £4.50 within 4 weeks

The bigger picture is the EU deal - mega for Marks. Online pause is a mere blip.

it's been tipped by ****ney rebel (richard crow) who has a few thousand readers/followers. sell into spike...

Great for M&S. hence the SP rise today

It is a good point Fender. We'll find out next Weds. My gut feeling is that the markets fears (approx £1b wiped off market cap - i.e. the equivalent to £100m off the profit if using a p/e of 10) are well overblown. Lack of institutional selling supports this.

The question is, will M&S take more than a £100m hit to profits? Seems very unlikely to me and, therefore, the fact it expects to be making a successful £100m insurance claim means that this could simply be a blip on the long term business turnaround that is about 2/3rds done. I've made MKS my biggest position now. Expecting good results and comfort to the market on the cyber issue. Good luck all

Hmm LBC or the FT?

Very good news. The FT articles states £60m of losses to date, with another £40m of headroom under the cyber cover. Insurers are always going to pay out to a blue chip client like M&S. I'm inclined to trust the figures, as they will ultimately have been leaked by an insurance broker / insurer to the FT. Should see a 5% bounce today, IMO

Https://x.com/ft/status/1922506701216903286?s=46

Very good news

Ahh yes - no change. Maybe sounds a little bit more imminent than the prior message..

App is being updated... relaunch could well be imminent...

Given material decrease in interest rates and increase in NAV since the initial bid, this now looks even cheaper than it did pre-bid. I wonder if a competitive bid or two may resurface. Blackstone playing a dangerous game by haggling, IMO...

I think you need to factor in that the market has also been on a tear since the cyber attack. So the effective peak of 4.10 would have been about 4.50...Essentially a 25% fall. Seems overdone to me

Anecdotally, I just asked the click and collect desk at London Victoria for an update. The lady said that head office had told them 2 or 3 weeks best case, about a week ago. She reckoned back up in 2 weeks from now. Also anecdotally, the store looked fully stocked and busy as usual. Could be a good short term dip to buy on, albeit you have to look through the one off hit to revenue and profit...

GB not affected by tariffs at all, neither are its core customers. Up 13% now with some massive trades. smells like a takeover attempt inbound

Something afoot here? Takeover?