Chevron unveils full-year record profits but falls short of expectations amid falling oil and gas prices OIL AND GAS EARNINGS Chevron posted a record £29.5bn profit for 2022 that was more than double year-earlier earnings but fell shy of Wall Street estimates.
‘Intelligence received’ suggesting airports breaking competition law – regulator UK airports UK airports could be breaking competition law, according to information received by a regulator. The Competition and Markets Authority (CMA) has written to airport operators warning of “serious consequences” for illegal information sharing. The letter, produced jointly with the Civil Aviation Authority (CAA), stated: “The CMA has recently received intelligence to suggest that some UK [...]
Almost 300 jobs at risk at Asda and 4,100 staff face pay cut ASDA Asda has unveiled a major shake-up of store operations, which will put close to 300 roles at risk and reduce pay for more than 4,000 night workers. The supermarket chain has proposed that some overnight restocking shifts at 184 stores are moved to the daytime, putting 211 night shift manager roles at risk. It said the [...]
UK car production at its lowest for 67 years, but EVs soar ahead with £10bn of exports alone January 26, 2023 UK car production fell to its lowest level since 1956 last year as output was hit by global shortages of semiconductor chips, figures show. A total of 775,014 cars were built in 2022, down 9.8 per cent from the 859,575 made during the previous year, the Society of Motor Manufacturers and Traders (SMMT) said. December [...]
Inflation: UK producer prices slow as petrol prices drop below 150p January 25, 2023 The ONS has published the latest PPI update, revealing that rising input prices slowed last month amid easing petrol prices.
Karen Khachanov: Russian tennis player sparks political row over disputed territory of Artsakh at Australian Open January 24, 2023 Australian Open semi-finalist Karen Khachanov is at the centre of a political row after using his matches to voice support for the breakaway region of Artsakh. Historically part of Armenia, Artsakh, or the Nagorno-Karabakh Republic, is internationally recognised as part of Azerbaijan and has been the source of two conflicts since 1990 as well as [...]
Boris Johnson visits Kyiv amid fresh Tory sleaze claims January 23, 2023 Former Prime Minister Boris Johnson headed to Kyiv this weekend as he is caught up in new claims of sleaze. The politician met President Vlodymyr Zelensky and other leading politicians int he war-torn county, while also travelling to towns which have been bombarded by Russia. Johnson reportedly visited Borodianka, Bucha and other suburbs of the [...]
Meta’s Whatsapp fined €5.5m by lead EU privacy regulator January 19, 2023 Meta’s Whatsapp subsidiary was fined €5.5m (£4.8m) on Thursday by Ireland’s Data Privacy Commissioner (DPC), its lead EU privacy regulator, for an additional breach of the bloc’s privacy laws. The DPC also told Whatsapp to reassess how it uses personal data for service improvements following a similar order it issued this month to Meta’s other [...]
Lloydspharmacy to axe outlets within Sainsbury’s supermarkets January 19, 2023 Lloydspharmacy has said it will pull out of its 237 pharmacy sites within Sainsbury’s supermarkets. The pharmacy chain said it has cut the services following a strategic review “in response to changing market conditions”. Lloydspharmacy added that it is “exploring options” for each branch individual and will confirm exact closure plans on a “branch-by-branch” basis [...]
Dunelm sales rise as shoppers buy heaters and thick duvets January 19, 2023 Homeware and furnishings retailer Dunelm has revealed a jump in sales for the past quarter as shoppers bought heaters and thick duvets to offset the rocketing cost of heating their homes. The Leicestershire-based retailer said annual profits are set to beat market expectations following a strong Christmas period. Total sales increased by 18 per cent [...]
