Jaguar Land Rover To Resume Some UK Output After Cyberattack [Barron's]
MARKS & SPENCER GRP S/ADR (MAKSY)
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markspizzeria.com
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Source: Barrons
The Indian-owned carmaker also announced plans for a new financing program to fast-track payments for struggling suppliers, including providing cash up-front. Advertisement - Scroll to Continue Manufacturing will gradually resume in two factories in the West Midlands before extending to other sites. "There is much more to do but our recovery is firmly underway," chief executive Adrian Mardell said in a statement. JLR, owned by Tata Motors, said on September 2 that it had been targeted by hackers, severely disrupting sales and production and forcing the company to seek emergency funding. The incident caused widespread disruption across its supply chain, with unions warning that some suppliers were at risk of collapse due to delayed payments. Advertisement - Scroll to Continue The UK government agreed to a loan guarantee worth £1.5 billion ($2 billion) to help shore up the firm's cash reserves and supply chain. Cyber gangs have increasingly targeted UK luxury brands and
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