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0.00312174817898035 0.00312174817898035 0.00312174817898035 0.00312174817898035 0 0.00104058272632691 0.000936524453694104 0.00291363163371493
Stock impact report

UK Agrees Loan Guarantee For Jaguar Land Rover After Cyberattack [Barron's]

MARKS & SPENCER GRP S/ADR (MAKSY) 
NASDAQ:AMEX Investor Relations: markspizzeria.com
Company Research Source: Barrons
JLR said on September 2 that it had been targeted by hackers, forcing it to suspend production at its UK factories. Advertisement - Scroll to Continue The automaker said on Thursday that its IT systems were partly back online as part of a "phased restart", but production would remain on pause until at least October 1. The government announced that it would back the company with a loan guarantee "expected to unlock up to £1.5 billion to give certainty to its supply chain". The move does not mean that the government will lend money directly to JLR, which is owned by India's Tata Motors. Instead, a government credit agency will provide the guarantee for a loan from a commercial bank that will be repaid over five years. Advertisement - Scroll to Continue Trade minister Peter Kyle said the guarantee "will help support the supply chain and protect skilled jobs in the West Midlands, Merseyside and throughout the UK". "This cyberattack was not only an assault on an iconic Bri Show less Read more
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