Latest model is launching in New York to target rich US buyers – and is more than 5.2 metres long and 2 metres wide

It has no rear window, will not fit into a UK parking space and – starting at £130,000 – ($172,000) is aimed squarely at rich tech industry buyers driving the wide open roads of America.

Jaguar’s electric car, the Type 01, was launched in New York on Tuesday night and marks the culmination of a two-year rebrand that has been one of the most scrutinised in automotive history.

Service to be tested in Spain and Portugal this year, with a UK rollout if successful, as pre-loved markets boom

Ikea is to test an online version of its buy-back service where the retailer offers vouchers for unwanted secondhand furniture.

The service will be tested in Spain and Portugal before the end of December and will be launched in the UK if it proves successful. Ikea already offers buy-back in stores, including in the UK. The online version will extend it to a much wider audience, with Ikea predicting pre-owned goods are likely to grab 16% of the UK homewares market by next year