British retailer Marks&Spencer's profits almost wiped out after cyber hack left shelves empty

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The hack was "an extraordinary moment in time," it said, as it revealed statutory profit before tax - a figure that reflects all costs for a period - slumped 99% from £391.9m to £3.4m for the first half of the year, compared with the year prior.

As well as disrupting its online business, the hack affected M&S in-store too, leaving some shelves bare in the weeks after it was targeted.

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