'Challenging period' | M&S axes all staff bonuses after major cyber attack hits profits hard

Marks & Spencer has scrapped bonuses for its entire workforce, including senior leaders and store managers, after a major cyber attack contributed to plummeting profits.

The decision means around 63,000 employees, including chief executive Stuart Machin and chairman Archie Norman, will not receive a bonus this year following the disruption and financial fallout linked to the incident.