“We purchase and pay for a resilient setup from our suppliers,” Thomas Woldbye, Heathrow’s under-pressure chief executive, told the transport select committee, adding that the airport racked up energy costs of £135m a year. “Are we then also supposed to have a setup next to it? And then we would have to have a whole…

Ten leading car manufacturers – plus two automotive trade bodies – have been fined more than £77m by a UK regulator after admitting breaking competition law in relation to advertising their green credentials. The Competition and Markets Authority (CMA) launched an investigation after a tipoff from Mercedes-Benz, which allowed the German marque to avoid financial…

Donald Trump has probably not read much Michel Foucault. But he appears to embody the French philosopher’s claim that “politics is the continuation of war by other means”. Nowhere is this more apparent than in his fondness for tariffs. He presents taxing foreign imports as a way to rebuild the American economy in favour of blue-collar…

Turnberry’s famous Ailsa Course will not open as planned on 1 May after serious damage caused to the Ayrshire venue – owned by the US president, Donald Trump – by a pro-Palestine group. Tour operators and those with individual bookings at Turnberry are in the process of being informed it will be June before the…

As egg prices have reached record highs, about a third of American consumers have stopped buying them in response to the rising costs, a new study suggests. According to research from Clarify Capital, 34% of Americans have stopped purchasing eggs as prices for the breakfast staple are becoming less affordable. On average, these consumers say…

A pair of UK entrepreneurs selling refillable deodorant cases and manuka honey lip balms made from natural ingredients have reportedly landed a near-£100m payday from the sale of their brand to the global consumer goods group Unilever. Wild, founded by childhood friends Freddy Ward and Charlie Bowes-Lyon, has been bought by Unilever, the maker of…

Food inflation increased in March, driven by price rises in chocolate and confectionery, while Britons have already splashed out more than £130m on Easter eggs and other seasonal sweets despite the late fall of the holiday. Sales at the UK’s main grocers rose 3.2%, just behind grocery inflation which rose to 3.5% in the month…

Chelsea appear to have complied with the Premier League’s profitability and sustainability rules (PSR) through player sales by selling the women’s team to the club’s parent company. Chelsea announced they had turned last year’s pre-tax loss of £90.1m into a pre-tax profit of £128.4m for the financial year ending 30 June 2024. The results were…