Bloomberg Ikea, the Swedish flat-pack furniture empire, has become one of the few retailers to quantify the financial effects of Brexit. Costs at Ikea UK, which is heavily reliant on imports, jumped by 13.7 percent in the year through August, the company said in a statement on Tuesday. That increase was driven by the drop in sterling after last year’s ...

Bloomberg Michael O’Leary built Ryanair Holdings Plc into Europe’s most valuable airline by being cheap, right down to charging pilots for coffee on their own flights. Now those aviators are pushing back. A group of disgruntled flight crew is demanding more pay, better conditions and the ability to bargain collectively across Europe. They’re emboldened by rising demand for pilots at ...

ABU DHABI / AGENCIES The CEO of the Abu Dhabi National Oil Company (ADNOC) Dr Sultan Al Jaber, announced that ADNOC intends to sell a minority stake of its fuel distribution and convenience retail store subsidiary, ADNOC Distribution, via an IPO on the Abu Dhabi Securities Exchange (ADX) before the end of the year. The company aims to sell at ...