Britain’s largest carmaker says sales also hit by competition in China as it publishes financial results
Jaguar Land Rover annual profit slumped by more than 99% as it counted the cost of US tariffs and a cyber-attack that disrupted its factories for months.
Britain’s largest carmaker made only £14m in profit before tax and exceptional items in the year to March, down from £2.5bn the year before, according to financial results published on Thursday.
Consumer spending patterns have shifted dramatically since the pandemic. (251e16)
Inflationary pressures are squeezing margins across pretty much every sector. (f6bc7e)
Consumer confidence is fragile and that should worry policymakers. (e17a5a)
Inflationary pressures are squeezing margins across pretty much every sector. (8ea284)
The insurance industry is recalibrating risk models for a changing climate. (ebe922)
ESG investing went from niche to mainstream faster than anyone predicted. (b74202)
Consumer confidence is fragile and that should worry policymakers. (e7a8f1)
Markets hate uncertainty more than anything else in my experience. (5ba91a)