FIVE at FIVE: M&S warned of cyber costs as inflation spike hits BoE rate hopes, JD Sports and North Sea oil
Published: 17:00 21 May 2025 BST
1. Marks and Spencer calculates £300m profit hit from cyber attack
The retailer's strongest performance in years was halted by the attack, for which 'human error' was blamed and analysts said it was a test of nerve for long-term investors.
Read about how the market reacted
2. Inflation spike knocks interest rate cut hopes
UK inflation spiked higher than expected last month, which dampened down expectations for Bank of England rate cuts in coming months.
3. JD Sports not in fashion at start of new year
The retailer was the day's biggest faller on the FTSE 100 as it hit the target with annual results but a first-quarter update fell short.
Some felt the reaction was overdone
4. FTSE 100 finds second wind again as M&S shares reverse
After spending most of the morning in the red, the London index battled towards a respectable close on Wednesday.
5. The evolving landscape of North Sea oil and gas production
Cavendish research director James McCormack talked with Proactive about the evolving landscape of North Sea oil and gas production and the implications of the UK energy profits levy.
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