M&S share price plunges 7% after cyberattack – what does it mean for investors?

Around £700 million has been wiped off Marks & Spencer’s market value over the past week, as the fallout from its cyberattack continues

M&S store front in shopping centre
(Image credit: Nicola Margaret via Getty Images)

This is not just any cyberattack. This is a cyberattack that has resulted in more than a week’s worth of disruption and dramatic share price losses for one of Britain’s most popular stocks.

Shares in Marks & Spencer (M&S) plunged 6.9% over the seven days to 29 April, and around £700 million has been wiped off the company’s market value as investors weigh up the impact of reputational damage and lost sales.

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.