23 h. ago Ikea slammed by Trump's tariffs plan as furniture giants' profits plummet

Ikea has faced a hit by Trump's tariff plan as profits plummeted for the popular flat-pack firm, but sale volumes are up and store visitors have increased too

Politics

57 h. ago Government claws back just £74m from excessive profits made by firms running asylum accommodation

The Home Office has recovered £74m from the companies that have contracted to house roughly 32,000 illegal migrants in more than 200 hotels.

Economics

4 d. ago Ozempic maker struggles as it loses ground to rivals in weight

Novo Nordisk cuts sales and profit forecasts as it continues to lose ground to Mounjaro firm Eli LillyThe maker of Ozempic and Wegovy has cut its sales and profit forecasts as it continues to fall behind in the competitive market for obesity and diabetes treatments.Novo Nordisk’s chief executive, Mike Doustdar, who took the reins in August, said the reduced guidance was because of “the lower growth expectations for our GLP-1 treatments”. Continue reading...

Politics

5 d. ago Inside Black Cube: how notorious intelligence firm rakes in client fees

Deposition with Black Cube co-founder details how firm profits from placing stories and prompting regulatory investigations

Politics

9 d. ago MPs criticise Ofgem’s ‘completely inadquate’ response to energy debt crisis

The regulator was criticised for choosing to reclaim debt through higher household bills, rather than tapping into network firms’ windfall profits.

Events

1 week ago More than a quarter of Scots businesses expect to shrink, figures show

The Federation of Small Business found 57% of firms saw their profits slump in the third quarter of the year.

Politics

1 week ago Demand for Ofgem to use firms' £4bn profits to help with energy bills

MPs said it is 'completely inexcusable' that households choose between eating and heating while companies make staggering profits

Economics

1 week ago Ofgem should use firms’ windfall profits to fund energy debt relief, say MPs

Electricity and gas prices soared from late 2021, driven by the reopening of economies after Covid and Russia’s invasion of Ukraine.

Economics

1 week ago Asylum hotel crisis: Key findings from damning report as epic failings unearthed

A scathing report by MPs found a failure of leadership while the Tories were in power saw private firms make huge profits housing asylum seekers in hotels as the backlog ballooned

Events

1 week ago Billions 'wasted' on hotels for migrants: Bombshell report reveals 'incompetent' Home Office staff let private firms make 'excessive profits' from small boat crisis

The Home Office has 'squandered' billions of pounds on asylum hotels, a report has found. MPs blasted the department's 'incompetence' over its handling of a 'chaotic and expensive' system.

Economics

1 week ago Damning asylum hotel report finds Tory failures cost taxpayer billions of pounds

A long-awaited report by MPs found 'chaotic' Home Office policies under the Tories cost taxpayers billions and meant private firms raked in massive profits

Economics

2 w. ago UK taxpayers paying £15m a year to Chinese firms to run asylum hotels as part of Beijing's £190 billion British business empire

Hotels in Cheshire, Kent and Cardiff used to house migrants are ultimately owned by Chinese businesses close to the communist regime.

Economics

3 w. ago Forbes calls for windfall tax to be replaced at the coming Budget

The tax places a levy on the profits of oil and gas firms and is due to continue to 2030.

Economics