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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

M&S orders factory workers to stay home as cyberattack recovery continues

(Sharecast News) - Marks & Spencer has told around 200 workers at its Castle Donington logistics site to not come into work as the retailer continues to recover from a cyberattack. M&S, which is currently not taking online orders as it grapples with the fallout from what it called a "cyber incident", is said to have ordered agency workers at the East Midlands logistics centre to stay home, according to Sky News.

Agency workers are thought to make up around 20% of the workforce at the Caste Donington site, which handles the retailer's clothing and homewares products.

Other employees at the centre, however, have been told to continue working as usual.

On Wednesday, M&S said it had moved some of its processes offline following a cyberattack "to protect our colleagues, partners, suppliers and our business".

The company had paused click-and-collect orders and stopped taking contactless payments, before suspending online orders completely on Friday.

On Monday, when trying to place an order on the M&S website, shoppers are faced with the following notice: "Products remain available to browse online and stores are open."

M&S shares were down 2.3% at 377p by 1213 GMT, having dropped around 8% over the past week.

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Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

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