Ikea has said price cutting “remains a priority” after sales at its UK business fell last year as hard-pressed shoppers cut spending on furniture and home improvement. The Swedish group said UK sales fell nearly 7% to £2.3bn in the year to August as the number of items sold slipped back and it lowered prices.…
The French energy company EDF is reportedly in talks with investors to raise up to £4bn to finish the delayed Hinkley Point C project in Somerset, Britain’s first new nuclear reactors in a generation. The utilities company, owned by the French state, has approached investors to help cover the ballooning cost of constructing the nuclear…
United airplanes are seen at the Newark Liberty International Airport in Newark, Unitted States on July 16, 2024. Jakub Porzycki | Nurphoto | Getty Images United Airlines is plotting a 2025 international expansion that spans Senegal to Mongolia and Greenland to Palau, a bid to win over travelers who have already had their fill of…
Robert Kraft, Founder of the Foundation to Combat Antisemitism (FCAS), Lights the Empire State Building to Stand Up to Jewish Hate and All Hate on October 7, 2024 in New York City. mpi099 | MediaPunch | IPX | AP The biggest names in sports are joining forces in a new campaign to combat antisemitism. New…
Amazon has been accused of funnelling “thousands of pounds into the pockets of Britain’s best known far-right extremist” after Tommy Robinson’s latest book topped its bestseller charts. Robinson, whose real name is Stephen Yaxley-Lennon, is one of Britain’s most prominent far-right activists and was a co-founder of the now defunct English Defence League. The book,…
A Delta aircraft at the airline’s hangar in Atlanta Leslie Josephs/CNBC Delta Air Lines expects to grow earnings in the fourth quarter, thanks to resilient travel demand and strong bookings for year-end holidays. The Atlanta-based carrier on Thursday forecast fourth-quarter adjusted earnings of $1.60 to $1.85 per share, compared with Wall Street estimates of $1.71,…
A further 65 women have come forward to the BBC with allegations of abuse by Mohamed Al Fayed going as far back as 1977. Since the broadcast of the BBC documentary Al Fayed: Predator at Harrods, in which five women claimed to have been raped by the billionaire, more women have come forward with claims…
The new boss of HSBC is reportedly readying to cut the jobs of some of the bank’s most expensive senior bankers in a move that could save as much as $300m (£229m) in costs. Georges Elhedery, who took over as chief executive last month, is planning to remove a layer of senior bankers as part…
Foreign aid for fossil fuel projects quadrupled in a single year, a report has found, rising from $1.2bn in 2021 to $5.4bn in 2022. “This shocking increase in aid funding to fossil fuels is a wake-up call,” said Jane Burston, CEO of nonprofit the Clean Air Fund, which conducted the research. “The world cannot continue…
The British drugmaker GSK has struck an agreement to make a payment of up to $2.2bn (£1.7bn) to resolve litigation brought in the US over its heartburn treatment Zantac. The company said it had struck agreements with 10 plaintiff law firms who represent about 93%, roughly 80,000, of the US state court product liability cases…
