Daily Stock Market Report (Mon 28 April 2025) - ELIX, PLUS, ITV, ROO, MTL, MKS
Good morning! The FTSE is due to open unchanged in the low 8400s - it has been stable around this level in the last few trading sessions.
Today's Agenda is complete.
Companies Reporting
Name (Mkt Cap)RNSSummaryOur view (Author)Marks and Spencer (LON:MKS) (£7.9bn)Cyber Incident - Further UpdateMamp;S has suspended all online ordering from its websites as a consequence of the cyber attack first reported on 22/4.AMBER (Roland) [no section below]The company’s interim results reported that 33% of Clothing amp; Home orders were made online. Extrapolating the H1 results suggests to me that online orders could perhaps represent c.£150m of annual operating profit – around 15% of the group total. This cyber attack appears to be causing significant disruption, but Mamp;S has not yet provided any real explanation of what’s happened. This leads me to fear that the problem may not yet be fully understood.This will probably be a transient issue. But if it continues for much longer, I think there’s a risk this cyber attack could affect FY26 earnings forecasts. Given the stock’s High Flyer status, I think it makes sense to adopt a more cautious view until the issue is contained.ITV (LON:ITV) (£3.0bn)No...