IKEAHHH!

Profits at flat-pack furniture giant IKEA slumped by a quarter last year.

The Swedish firm blamed money being pumped into different store formats for the drop.

The world’s biggest furniture firm still raked in £2billion in profits worldwide last year – but that represented a fall of 26%.

The drop was announced a week after IKEA said it was axing 350 British jobs – among 7,500 cuts being made worldwide.