Stock Movers M&S £300 Million Hit, JD Sports Slumps, UK Housebuilders Lower
May 21, 2025
JD Sports faces a significant share drop after reporting a sales decline, particularly in North America. Marks & Spencer is hit hard by a cyberattack, resulting in a shocking £300 million impact on profits this fiscal year. Meanwhile, rising inflation looms over UK housebuilders, casting doubt on their recovery prospects as FTSE 100 futures dip. The discussion offers a detailed look at these pressing market movements and their broader implications.
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M&S Cyberattack Costs £300M
- Marks & Spencer faces a £300 million hit this year due to a cyberattack disrupting online clothing and home sales.
- The cyberattack costs M&S around £3 million in sales daily and has caused a 12% stock decline since the news.
JD Sports Sales Decline Hits Shares
- JD Sports saw a 5.5% decline in North American like-for-like sales, affecting its US investment returns.
- Shares fell sharply as guidance was pulled and market sentiment soured, down 30% over the last year.
UK Housebuilders Valued Below Land
- UK housebuilders trade below their land value, reflecting extremely low valuations amid rising inflation and gilt yields.
- Market expectations do not yet price in a recovery or government plans to increase housebuilding significantly.