Next boss Lord Wolfson set to be quizzed over retailer's preparedness for a cyber attack

Next boss Lord Wolfson set to be quizzed over retailer’s preparedness for a cyber attack

Published on: May 4, 2025

By CITY & FINANCE REPORTER

Updated: 21:56 BST, 4 May 2025

Next faces questions over its preparedness for a cyber attack as it delivers a first-quarter trading update on Thursday.

Hackers have frozen rival Marks & Spencer’s online retail business, costing it millions and leaving shelves empty.

Next chief Lord Wolfson is set to be asked how it would cope in a similar attack and if it is benefiting from the M&S crisis.

Last line of defence: Lord Wolfson (pictured) is set to be asked how Next would cope in a similar attack to the one at Marks & Spencer

The update follows Next reporting £1billion annual profits for the first time. Online sales topped £2.5billion, against £1.8billion earned in stores.

Lord Wolfson is also likely to be asked if he expects an impact from Donald Trump’s trade war on consumer confidence and supply chains.

DIY INVESTING PLATFORMS

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

Hargreaves Lansdown

Free fund dealing and investment ideas

interactive investor

Flat-fee investing from £4.99 per month

Account and trading fee-free ETF investing

InvestEngine

Account and trading fee-free ETF investing

Trading 212

Free share dealing and no account fee

Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.

Compare the best investing account for you

:
Next boss Lord Wolfson set to be quizzed over retailer’s preparedness for a cyber attack

***
Read more at DailyMail.co.uk

Next boss Lord Wolfson set to be quizzed over retailer’s preparedness for a cyber attack