MARKETWATCH: FTSE 100 enjoys tenth day of gains

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FTSE 100 Notches Tenth Day of Gains Amid M&S Cyber-Attack Concerns

The FTSE 100 managed a tenth consecutive day of increases, despite concerns surrounding a cyber-attack impacting Marks & Spencer. Investors are keenly watching movements in the FTSE 100, which reflects overall market sentiment.

Concluding a stable session in London, the blue-chip index rose by 0.1 percent, or 7.81 points, to reach 8415.25. This extended its longest period of successive gains since 2019.

This ten-day surge has resulted in a nearly 10 percent ascent, placing the index 3 percent higher for the year. However, it remains 5 percent below its peak from early March. The FTSE 250 also experienced growth, climbing 0.5 percent, or 105.32 points, to 19,609.69.

Marks & Spencer temporarily halted online shopping due to the aforementioned cyber-attack.

The retailer acknowledged on Tuesday that it was addressing an “incident” following disruptions to contactless payments during the busy Easter holiday weekend.

The company stated it was making “strenuous efforts” to restore online and app-based shopping functionalities.

M&S shares declined by 2.2 percent, or 8.5p, to 386p.