Co-op says ‘malicious’ cyber-attack has hit profits by £80m

Jaguar Land Rover has begun to restart some of its IT systems following a severe cyber-attack, allowing it to make payments and send spare parts. However, many suppliers are in dire straits, warning that without urgent financial support from the government, they may face permanent closures. This situation highlights the fragility of supply chains in the automotive industry and the urgent need for robust cybersecurity measures.

Jaguar Land Rover has begun to restart some of its IT systems following a severe cyber-attack, allowing it to make payments and send spare parts. However, many suppliers are in dire straits, warning that without urgent financial support from the government, they may face permanent closures. This situation highlights the fragility of supply chains in the automotive industry and the urgent need for robust cybersecurity measures.

The UK bond market is facing challenges as demand for government debt has weakened, leading to rising bond yields. This decline in interest is attributed to ongoing political uncertainties that have left investors wary. The situation is compounded by news from the Co-op Group, which reported significant profit losses due to a recent cyber-attack. This combination of factors highlights the fragility of the current economic climate and raises concerns about the stability of government financing in the UK.

The UK bond market is facing challenges as demand for government debt has weakened, leading to rising bond yields. This decline in interest is attributed to ongoing political uncertainties that have left investors wary. The situation is compounded by news from the Co-op Group, which reported significant profit losses due to a recent cyber-attack. This combination of factors highlights the fragility of the current economic climate and raises concerns about the stability of government financing in the UK.

The Co-op has reported a staggering £206 million loss in sales due to a cyber-attack that compromised its IT networks in April. This incident not only caused payment issues but also led to significant shortages of goods in their stores. The impact of such a breach highlights the vulnerabilities retailers face in today's digital landscape and raises concerns about consumer trust and operational stability.

The Co-op has reported a staggering £206 million loss in sales due to a cyber-attack that compromised its IT networks in April. This incident not only caused payment issues but also led to significant shortages of goods in their stores. The impact of such a breach highlights the vulnerabilities retailers face in today's digital landscape and raises concerns about consumer trust and operational stability.

Fonterra's shares have surged to their highest point since early 2018, driven by a record dividend announcement and strong unit profits. This significant financial performance not only boosts investor confidence but also highlights the company's resilience in a competitive market. The record dividend is particularly noteworthy as it reflects Fonterra's commitment to returning value to its shareholders, making it an exciting time for both the company and its investors.

Fonterra's shares have surged to their highest point since early 2018, driven by a record dividend announcement and strong unit profits. This significant financial performance not only boosts investor confidence but also highlights the company's resilience in a competitive market. The record dividend is particularly noteworthy as it reflects Fonterra's commitment to returning value to its shareholders, making it an exciting time for both the company and its investors.

Jaguar Land Rover, a wealthy car manufacturer, is being urged to take responsibility for supporting its suppliers affected by a recent cyber-attack. As the government considers ways to assist these suppliers, it's important to remember that JLR has the resources and likely contractual obligations to help its direct partners. This situation highlights the interconnectedness of the automotive supply chain and the need for major companies to step up during crises.

Jaguar Land Rover, a wealthy car manufacturer, is being urged to take responsibility for supporting its suppliers affected by a recent cyber-attack. As the government considers ways to assist these suppliers, it's important to remember that JLR has the resources and likely contractual obligations to help its direct partners. This situation highlights the interconnectedness of the automotive supply chain and the need for major companies to step up during crises.

The government is considering purchasing parts from Jaguar Land Rover's suppliers to safeguard jobs in the manufacturing sector following a severe cyber-attack that has led to a production freeze. This initiative aims to support the affected companies and ensure that jobs are protected during this challenging time. It's a proactive step that highlights the government's commitment to maintaining employment and stability in the automotive industry.

The government is considering purchasing parts from Jaguar Land Rover's suppliers to safeguard jobs in the manufacturing sector following a severe cyber-attack that has led to a production freeze. This initiative aims to support the affected companies and ensure that jobs are protected during this challenging time. It's a proactive step that highlights the government's commitment to maintaining employment and stability in the automotive industry.

SES has announced the appointment of Joseph Cohen, co-founder of Trilantic Europe, to its board. This move is significant as it brings a wealth of experience and expertise to SES, particularly in investment and strategic growth. Cohen's background in private equity and his insights into the European market could help SES navigate its future challenges and opportunities, enhancing its position in the satellite communications industry.

India's recent proposal to ease investment rules could be a significant win for Amazon, potentially allowing the tech giant to expand its operations in the country. This move is expected to attract more foreign investment, boost the economy, and create jobs, making it a crucial development for both India and international businesses looking to enter the market.

Prosus-owned OLX is set to acquire La Centrale, a prominent French online marketplace, for €1.1 billion. This acquisition is significant as it strengthens OLX's position in the European market, allowing it to tap into the growing demand for online classifieds in France. By integrating La Centrale's established platform, OLX aims to enhance its service offerings and expand its user base, which could lead to increased revenue and market share.

A former board member of the Bank of Japan (BOJ) predicts that interest rates may rise to 1.5% under Governor Ueda's leadership. This potential hike is significant as it reflects the BOJ's response to ongoing economic challenges and inflationary pressures in Japan. A rate increase could signal a shift in monetary policy aimed at stabilizing the economy and managing inflation, which is crucial for both consumers and businesses.

In a surprising move, President Donald Trump has announced a 100% tariff on branded pharmaceutical products, alongside new levies on heavy trucks and kitchen cabinets. This decision raises concerns about the potential impact on healthcare costs and the economy, as such tariffs could lead to higher prices for consumers and strain relationships with trading partners. It's a significant shift in trade policy that could have far-reaching consequences.

Roche has indicated its plans for the U.S. market following President Trump's announcement regarding pharmaceutical tariffs. This development is significant as it highlights the ongoing discussions around drug pricing and trade policies, which could impact both the pharmaceutical industry and consumers in the U.S.