M&S expects cyber-attack to last into July and cost €356m in lost profits

Hack on IT systems since Easter weekend has forced M&S to halt online orders and left it struggling to stack shelves

M&S said pre-tax profits rose by a better-than-expected 22% to £876m in the year to 30 March

Marks & Spencer has said it will take an estimated £300m (€355.9m) hit to profits this year from a damaging cyber-attack that it expects will disrupt its online business into July.

The number was revealed as M&S said pre-tax profits rose by a better-than-expected 22% to £876m in the year to 30 March, shortly before the attack, as sales across its UK and Ireland stores rose 6% to £13.9bn (€16.5bn).