Tesla shares soar 40% after analyst says firm’s value could hit $1.3tn
Carmaker is world’s second most valuable despite never having made an annual profit
Ikea is to close its Coventry city centre store this summer, marking the first closure of one of its big UK branches, putting 350 jobs at risk.
The outgoing chief executive, Bob Dudley, has agreed to bump up shareholder payouts despite a sharp fall in the company’s profits last year as he prepares to retire after a decade at the helm.
Supermarket sales of no- and low-alcohol beer jumped nearly 40% in January as Britons challenged themselves to a month off booze.
Mike Ashley’s Frasers Group Plc (FRAS) has bought a 12.5% stake in the luxury British handbag company Mulberry as he seeks to push his retail empire upmarket.
