Dharshini David: Economy on shaky ground even before Iran war

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%…

This as-told-to essay is based on a conversation with Michael Browning Jr., founder and CEO of Unleashed Brands. It has been edited for length and clarity. When I opened a trampoline park in Fort Worth, Texas, in 2011, it was the 6th trampoline park in the country, to my knowledge. Fourteen years later, it’s led…

The war in the Middle East is less than a month old, but its impact is already being felt widely. In the UK on Thursday, the Bank of England held interest rates at 3.75% on Thursday – after an earlier expectation they could be cut – with a warning that inflation could tick up. Ahead…

Archie Mitchelland Rachel Clun,Business reporters BBC/House of Commons Richard Hughes said he took “full responsibility” for the shortcomings identified in the report; Rachel Reeves thanked him for his service The chairman of the Office for Budget Responsibility (OBR) has resigned following the Budget day error which saw a key document published early. Richard Hughes said…