Ikea, the world’s largest furniture retailer, will shift to renewable energy by 2020 and grow more trees than it uses under a plan to safeguard nature that has won support from environmentalists.

IKEA’s profit jumped 10.3% last year as the Swedish furniture retailer increased sales, despite economic uncertainty in some of its key markets.

ONE of the world’s great commercial secrets – furniture group IKEA’s profits and turnover – have been revealed for the first time.

Laura Davies led the British challenge with a one-under-par 70 at the Finnair Masters at Helsinki Golf Club.