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M&S profits almost wiped out after cyber hack left shelves empty
M&S’s profits were almost wiped out after it was hit by a cyber-attack which left shoppers unable to buy online from the company for months. The hack was “an extraordinary moment in time,” it said, as it revealed statutory profit before tax – a figure that reflects all costs for a period – slumped 99%…
Onchan residents cite traffic, tourism, and economy as key issues
Originally from Bulgaria, they have lived on the island for more than 14 years and have run a cafe in the town’s Village Walk area for the last three. Matevski said rising stock prices were “crazy”, adding that “every day our suppliers are coming with new prices and we’re trying to survive”. Slavova said: “We…
Bank hints at rate cuts, but dont expect Covid-era mortgage deals
In total, the Bank reckons two out of five residential borrowers, close to four million, will face a similar situation in the next few years, with an average 8% rise in repayment costs. (Although it also points out one in three are likely to see lower repayments during this time).
Consett parents watering down baby milk formula over high costs
A baby bank says parents are turning to “unsafe” practices such as watering down baby formula milk to save money. Megan Sinden, founder of Moorside Baby Bank in Consett, County Durham, said a couple of families spoke of putting less powder in to get another week’s worth out of it, “which to me is quite…
