Wake Up To Money
Spaniard in the works
Apr 29, 2025
In this discussion, Jane Foley, Head of FX Strategy at Rabobank, and Stuart Paver, Chairman of Paver's shoe retailer, share insights on current market dynamics and the challenges of the retail landscape. They highlight the fallout from a recent cyber incident impacting consumer trust and the retail industry. The conversation also touches on the complexities of trade negotiations between the UK and India, alongside the effects of rising food delivery prices on restaurant operations, showcasing the resilience required in today’s economy.
52:07
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Quick takeaways
- Marks & Spencer's cyber security incident not only disrupted its online operations but also highlighted vulnerabilities across the retail sector.
- Advancing UK-India trade negotiations could significantly boost economic ties, although challenges in agricultural discussions remain a critical factor.
Deep dives
Marks & Spencer's Cyber Incident Impact
Marks & Spencer has encountered significant challenges following a cyber incident that led to the suspension of online orders, with its share price dropping notably. Investors and customers are concerned about the implications of this disruption, raising questions about the severity of the situation and the company’s response timeline. The incident has led to considerable frustration among customers who rely on online shopping, previously a cornerstone of M&S's retail strategy. As the company scrambles to resolve the issue, experts suggest that M&S's handling of this cyber security breach may set a precedent for how similar incidents are managed across the retail sector.
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