2 h. ago Tesla reports steep drop in profits despite US rush to buy electric vehicles

Carmaker exceeded Wall Street’s expectations with more than $26bn in revenue, but saw a 37% drop in profitsDespite record vehicle sales, Tesla saw a precipitous drop in profit in its most recent quarter.A rush to buy electric vehicles before a US tax credit for them disappears had boosted Tesla’s flagging sales, leading to the automaker exceeding some of Wall Street’s projections in its most recent financial quarter. Yet the company failed to meet earnings expectations and its stock fell in after hours trading. Continue reading...

Economics

3 h. ago Tesla profits drop more than a quarter despite record car sales

Loss of emissions credit revenue, tariffs and big investments in AI hit Elon Musk’s carmaker

Economics

14 h. ago Lidl quadruples profits to record £157 million as 1000th store looms

Profits from Lidl’s UK stores almost quadrupled last year to a record £156.8 million as it prepares to open its 1000th discount supermarket.

Economics

2 w. ago Driver fury as parking ticket debt firms record ‘disproportionately high’ 63% profits

Parking ticket debt firms often charge drivers £70 on top of the cost of their fine

Economics

2 w. ago FTSE 100 Live 02 October: Tesco lifts profit guidance, index record run continues

A Tesco profit upgrade and fresh gains by the FTSE 100 index today continued the strong week for London investors.

Politics

3 w. ago David Beckham rakes in £73.4million as he enjoys a year of record

Companies House figures for the footballer's company DRJB Holdings show a consolidated revenue up 1pc on the previous year.

Economics

3 w. ago Brand Beckham shrugs off family feud to land record sales and profits

Beckham holding company pays dividend of more than $50 million

Economics

3 w. ago Tortilla dishes up profit warning despite record UK performance

The chain said it now expects to deliver annual underlying earnings around 10% lower than expected.

Events