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M&S profits almost wiped out after cyber hack left shelves empty
M&S’s profits were almost wiped out after it was hit by a cyber-attack which left shoppers unable to buy online from the company for months. The hack was “an extraordinary moment in time,” it said, as it revealed statutory profit before tax – a figure that reflects all costs for a period – slumped 99%…
Ford boss Lisa Brankin warns against taxing electric cars
Josh Martin,Business reporter and Sean Farrington,Business presenter Barry Cronin Taxes on electric vehicles may put drivers off buying them at a time when demand has “lost momentum”, Ford’s UK boss has warned. It comes after the BBC reported Chancellor Rachel Reeves could be considering new levies on EVs in the upcoming Budget. Ford UK’s managing…
Budget 2026: India pushes local industry as global tensions rise
“Coming on top of last year’s hike, this is likely to raise impact costs for traders, hedgers and arbitrageurs. This could cool derivative activity and lead to a reduction in volumes,” said Shripal Shah, managing director and CEO of Kotak Securities.
Faisal Islam: Rachel Reeves pre-emptively justifies tax rises
In Liverpool Rachel Reeves seemed to be floating a pre-emptive argument ahead of possible tax rises in her November Budget. The key line in the chancellor’s speech in relation to the Budget was her linking of tough decisions “in coming months” to global headwinds and a critical reassessment of the long-term productivity performance of the…
Driving test rules to change in bid to stop bots booking slots
Emer Moreau,Business reporter and Katy Austin,Transport correspondent Getty Images The backlog of driving tests grew after the covid-19 lockdown Only learner drivers will be able to book driving tests in plans aimed at reducing long waiting lists and preventing slots being sold at inflated prices. Transport Secretary Heidi Alexander said limiting third parties from reselling…
Police consider corporate manslaughter charges in Post Office scandal
Police officers investigating the Post Office Horizon IT scandal are now considering corporate manslaughter charges. In an update, shared with victims in the past few days, the National Police Chiefs’ Council (NPCC) said the investigation is looking at offences of perjury and perverting the course of justice, along with corporate manslaughter – which affects companies,…
