M&S reveals cost of cyber attack as profit almost wiped out

Toyota has raised its profit outlook, signaling confidence in its ability to navigate through ongoing tariff challenges. This positive adjustment reflects the company's resilience and strategic planning in the face of economic uncertainties, which is crucial for investors and the automotive industry as a whole.

Marks & Spencer has reported a significant drop in profits, halving after a cyber attack that cost the company £101 million. This incident not only affected their online and in-store sales but also raises concerns about the security of retail operations in an increasingly digital world. The impact of such attacks can be far-reaching, affecting consumer trust and the overall market.

Metro Bank's shares surged by 8% following a strong third-quarter profit report and impressive lending growth. This positive performance highlights the bank's resilience and ability to attract customers, which is crucial in a competitive financial landscape. Investors are likely to view this as a sign of stability and potential for future growth, making it an important development in the banking sector.

Barry Callebaut has announced a forecast for lower sales but modest profit growth, which has surprisingly led to a jump in their shares. This is significant as it reflects investor confidence in the company's ability to navigate challenges while still achieving profitability. Such resilience in the face of market fluctuations can be a positive indicator for stakeholders and the broader industry.

BMW's recent earnings call for Q3 2025 revealed a dip in profits, leading to a decline in stock prices. This news is significant as it reflects the challenges the company is facing in a competitive automotive market, potentially impacting investor confidence and future growth prospects.

Vestas has recently updated its outlook for 2025, narrowing its projections while also announcing a €150 million share buyback program. This comes on the heels of a profit increase, showcasing the company's strong performance in the renewable energy sector. The buyback is a strategic move that reflects Vestas' confidence in its future growth and aims to enhance shareholder value. This news is significant as it highlights the company's resilience and commitment to sustainability, which is increasingly important in today's energy landscape.

Novo Nordisk has announced a significant reduction of 9,000 jobs, even as the company reports a 5% increase in profits. This decision comes amid ongoing restructuring efforts, highlighting the challenges faced by the pharmaceutical giant in balancing operational efficiency with workforce stability. The job cuts raise concerns about the impact on employees and the broader economy, especially in a time when many are seeking job security.

Marks & Spencer Group Plc is optimistic about its second-half profits, expecting them to bounce back to at least last year's levels. This positive outlook comes as the company recovers from a significant cyberattack that had been affecting sales since April. The rebound is crucial not only for the retailer's financial health but also for restoring consumer confidence in the brand.

The latest rankings of the top 100 richest people in the world reveal the financial landscape as of 2025, showcasing familiar names like Elon Musk and Jeff Bezos. This information is significant as it highlights the ongoing shifts in wealth distribution and the impact of technology and innovation on personal fortunes. Understanding these rankings helps us grasp economic trends and the influence of these individuals on global markets.

Ittihad International II has announced a new USD benchmark sukuk offering, marking a significant step in the financial market. This offering is expected to attract a wide range of investors, enhancing liquidity and providing a solid investment opportunity. The sukuk will play a crucial role in supporting various projects and initiatives, showcasing the growing interest in Islamic finance and its potential to contribute to economic development.

Jefferies has reaffirmed its Buy rating on AMD stock, maintaining a price target of $300. This endorsement reflects confidence in AMD's growth potential and market position, which is significant for investors looking for promising opportunities in the tech sector.

Marks & Spencer has reported a significant drop in profits, halving after a cyber attack that cost the company £101 million. This incident not only affected their online and in-store sales but also raises concerns about the security of retail operations in an increasingly digital world. The impact of such attacks can be far-reaching, affecting consumer trust and the overall market.

Toyota has raised its profit outlook, signaling confidence in its ability to navigate through ongoing tariff challenges. This positive adjustment reflects the company's resilience and strategic planning in the face of economic uncertainties, which is crucial for investors and the automotive industry as a whole.

Global private equity funds are looking to return to China as investors shift their focus away from the US market. This trend is significant as it highlights the growing confidence in China's economic recovery and potential for high returns, especially in sectors that are rebounding post-pandemic. The move could lead to increased capital inflow into China, fostering innovation and growth in various industries.