Tag - UK

A Cyberattack Results In A £300 Million Loss For UK Retailer Marks & Spencer

Credit: PixabayOn Wednesday, British clothing and food retailer Marks & Spencer revealed that a cyberattack disrupting its online services will likely persist until July and cut the group’s profit by approximately £300 million ($404 million).Cyberattack Disrupts Online Operations, Hits Sales in Key DivisionsLast week, Marks & Spencer disclosed that a cyberattack had compromised some...

Debt crisis at UK’s Largest Water Company and Its Implications For Taxpayers

Credit: PixabayThames Water is said to be teetering on the edge of failure. The foremost water company in the UK, renowned for its significant water loss, incidents of sewage overflow, generous executive salaries, and dividend disbursements, seems to be overwhelmed with debts that exceed its financial capacity to repay.Thames Water is facing a critical...