Rishi Sunak urged to expand windfall tax on fossil fuel giants as Shell’s profits soar | City & Business | Finance

If Shell boss Ben van Beurden really does believe that energy companies “just have to accept” paying windfall taxes to protect people this winter, he has a funny way of showing it. Yesterday, Shell produced its second best ever net quarterly profit of $6.7billion (£5.8billion), helped in no small part by soaring commodity prices, better refining More...

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By admin On Saturday, February 10th, 2024
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Oil prices continue to soar amid high demand for crude and the weaker dollar | City & Business | Finance

By 00:15 GMT, Brent crude futures increased by 25 cents, also 0.3 percent up to $95.94 (£82.63) per barrel. Meanwhile, the US West Texas Intermediate crude increased by 19 cents or 0.2 percent to $88.10 (£75.88). Last More...

By admin On Tuesday, February 6th, 2024
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HSBC’s profits fall as credit losses double to £1.9billion | City & Business | Finance

The banking giant said that its revenues for the quarter were down three per cent to £10.1billion and that during that three-month period, its expected credit losses had doubled to £1.9billion. HSBC blamed More...

By admin On Friday, January 19th, 2024
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ASOS sizes up new plan for challenging times | City & Business | Finance

The group looks to trim costs and improve resilience with more focused investment and plans to write down around £100million stock. A fresh approach is welcome news for the online fashion and cosmetic retailer, More...

By admin On Sunday, January 14th, 2024
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The unknown currency that’s worth more than the British Pound, Euro and the US Dollar | World | News

In a tiny Middle-Eastern country, neighbouring Iraq, Iran and Saudi Arabia, you will find the world’s strongest currency. Kuwait, found in one of the world’s most inhospitable deserts in the Arabian Peninsula, More...

By admin On Tuesday, January 2nd, 2024
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Nearly half of small businesses face slashing prices or giving out freebies this Christmas | City & Business | Finance

And three in five (59 percent) of those in this situation admit there will be “dangerous” ramifications for their business if they fail to sell off excess stock. In addition to slashing the prices of products, More...

By admin On Monday, January 1st, 2024
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Two thirds of online reviews are negative – research finds | City & Business | Finance

But on average, 24 of those will be negative. More than four in 10 (41 percent) leave unfavourable comments to warn others of bad service, while 15 percent claim they feel awkward if they leave anything which More...

By admin On Saturday, December 30th, 2023
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Pound crashes again with fears of more decline against dollar and EU in Truss’s final days | City & Business | Finance

The pound has made another steep decline against the dollar after weeks of market uncertainty as turmoil at the top of Government leaves markets jittery over Britain’s economic future. Sterling had rallied More...

By admin On Friday, December 29th, 2023
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Tesla shares drop as Elon Musk issues recession warning for China and Europe | City & Business | Finance

Tesla shares fell on Thursday after Elon Musk warned it had become a “little harder” for the company to garner demand amid a weakening of the global economy. Six brokerages lowered their price targets More...

By admin On Tuesday, December 26th, 2023
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Online fashion giant Asos plunges £32m into the red | City & Business | Finance

His comments came as the online fast fashion giant fell nearly £32million into the red for the year to the end of August. At Asos’s annual results, the pioneering firm said its revenues for the 12 months More...