21 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

4 d. ago M&S profits dive 99% after cyber attack but cost is LESS than forecast

M&S profits have plunged in the fallout from a major cyber attack on top of a £50million hit from Rachel Reeves' national insurance hike.

Economics

4 d. ago M&S profits dive after cyber attack but cost is LESS than forecast

M&S profits have plunged in the fallout from a major cyber attack on top of a £50million hit from Rachel Reeves' national insurance hike.

Economics

4 d. ago Marks & Spencer profits more than halve after cyber shutdown and £50m tax hit

On a reported basis, M&S profits were almost wiped out, plunging just over 99 per cent to £3.4m, from £391.9m a year ago.

Economics

9 d. ago M&S to shed light on shopper response to cyber attack disruption

Next week, the retailer will fully report its sales and profits over the period when its systems were hit for the first time.

Events

1 week ago Volkswagen indicates shortage of Chinese chips would hit profits

New EV models are offsetting a slump in demand but Europe’s carmakers are bracing for shutdownsVolkswagen has signalled that its annual profit targets are at risk without sufficient computer chips, in the latest sign that an expected shortage of semiconductors from China could hit carmakers across Europe.The struggling German automotive giant said a series of cost cuts and new model launches are helping to offset a slump in Chinese demand but added that forecasts are based on the “adequate availability of semiconductors”. Continue reading...

Events

1 week ago HSBC profits fall 14% as bank takes hit from Madoff lawsuit provision

UK bank sets aside $1.1bn for legal fight stemming from criminal enterprise that collapsed in 2008

Economics

2 w. ago Battle between Netherlands and China over chipmaker could disrupt car factories, companies say

Volvo, VW and Nissan among companies that could face supply problems due to Dutch takeover of NexperiaCar companies across Europe and Japan including Volvo, Volkswagen, Honda and Nissan have warned that the battle between the Netherlands and China over control of the chipmaker Nexperia could hit production at factories.Last week’s decision by the Dutch government to take control of the Chinese-owned chipmaker, which is based in the Netherlands, has sent shock waves across the car industry, which is already facing potential shortages of products such as magnets amid China’s latest restrictions on rare earths exports. Continue reading...

Events

2 w. ago Volvo and VW say Dutch takeover of Chinese chipmaker could halt car factories

Japan also affected as manufacturers report Nexperia has warned them of possible supply problem Business live – latest updatesCar companies across Europe and Japan including Volvo, Honda and Nissan, have warned that the Dutch takeover of a Chinese-owned chip manufacturer could hit production at factories.Last week’s decision by the Netherlands government to take control of Nexperia has sent shock waves around the auto industry, which is already facing potential shortages in products such as magnets amid China’s latest restrictions on rare earths exports. Continue reading...

Politics

2 w. ago Glasgow’s Macfarlane Group says profit hit by ‘tragic incident’ and slow trading

“Following the tragic incident at Pitreavie our thoughts are with all those who have been impacted” – chair Aleen Gulvanessian

Events

2 w. ago Barclays suffers £110mn hit from Tricolor collapse as bank’s profits fall

London-listed lender announces £500mn share buyback even as it sets aside further £235mn for UK car finance payouts

Economics

3 w. ago Dutch seizure of chipmaker followed US ultimatum over Chinese chief

Takeover of Nexperia plunges Netherlands into US-China tech war

Politics