Michael Fahy

4 days ago | investorschronicle.co.uk | Michael Fahy

The retailer has excess stock to shift following a recent cyber attackPublished on June 23, 2025Marks and Spencer (MKS) kicked off its summer sale on 19 June with a bit more stock to shift than usual. The cyber attack that hit the company’s systems over the Easter weekend took seven weeks to sort out – and even then, the process of bringing its online ordering sites back online has been gradual.

1 week ago | investorschronicle.co.uk | Michael Fahy

Share price fall eliminates recent gainsPlanning applications ramped upThere was something of a disconnect between the incredibly positive tone adopted by Berkeley Group (BKG) management about its prospects and the markdown the homebuilder’s shares received. Yet it’s possible that both are right.

1 week ago | investorschronicle.co.uk | Michael Fahy

Fox Crypto sale flatters profitsFull-year cyber sales set for 5% fallNCC (NCC) is a business in flux. Its confirmation in April that it is looking at a potential sale of Escode (the rebranded software escrow business that was once the bedrock of its operations) follows on from the recent disposal of its cryptographic business, Fox Crypto.

1 week ago | investorschronicle.co.uk | Michael Fahy

AO has spent £25mn on the purchase so farLosses at reseller will continue this yearThe acquisition of used electricals reseller musicMagpie provided a £30mn boost to AO World’s (AO.) top line, with a 9 per cent increase to £1.14bn slightly ahead of forecasts. Like-for-like sales growth of 7 per cent was also praiseworthy, given the tough consumer environment. Adjusted pre-tax profit grew by a third to £45mn, again nudging slightly higher than the guided range of £39mn-£44mn.

1 week ago | investorschronicle.co.uk | Michael Fahy

The government seems unlikely to meet its target of building 1.5mn homes in the current parliament even after pledging £39bn for affordable housing over the next 10 years in its spending review, but it will be a lot closer to the target than when it started, analysts told Investors’ Chronicle. Details of how and where the money will be spent will be fleshed out in the infrastructure review due this week.