Aramco revels in record profits powered by booming oil prices May 15, 2022 Saudi Aramco (Aramco) has reported a massive 82 per cent spike in profits over the first three months of the year powered by lucrative oil trading.
Kwasi Kwarteng: ‘Entirely reasonable’ for Prime Minister to be distracted by cheese while working from home May 15, 2022 The business secretary has defended Boris Johnson’s remarks that he is distracted by making coffee and “hacking off” cheese when working from home. In an interview with the Daily Mail, the Prime Minister said his experience of remote working involved a lot of time making coffee, walking to the fridge and “forgetting” the task at [...]
Mr Kwarteng goes to Washington: Business Secretary heads Stateside to lure nuclear investors May 15, 2022 The Business Secretary will seek to lure US investment in new nuclear plants, as the UK aims to reduce its reliance on Chinese investment.
Finland will apply to join NATO next week after Russia warns of ‘retaliatory steps’ May 15, 2022 Finland will apply to join NATO, its president has confirmed, despite Putin warning it would be a “mistake”. Membership of the military alliance will “maximise” Finland’s security in the wake of Russia’s invasion of Ukraine, Finland’s president Sauli Niinisto said. The nation will submit a formal application for membership to NATO headquarters in Brussels next [...]
Week ahead: City eyes potentially ‘staggering’ inflation figures May 15, 2022 The City will turn its gaze to what is likely to be another tranche of “staggering” inflation data in a week bulging with economic and corporate updates. London’s premier FTSE 100 index whipsawed last week, dropping sharply on Monday before finishing the week up 0.41 per cent at 7,418.15 points. The mid-cap domestically-focused FTSE 250 [...]
Oil prices rebound heading into next week’s trading with China to ease pandemic restrictions May 15, 2022 Oil prices are up heading into next week, with China set to ease some of its pandemic restrictions while the EU weighs up a Russian oil ban.
Boots US owner Walgreens takes out $5.3bn in dividends from UK arm as sales deadline looms May 15, 2022 Boots’ US owner has withdrawn over $5.3bn of dividends from its UK holding firms, even though it received hundreds of millions of pounds of government pandemic support cash. The high street chemist’s UK-based parent company, Superior Holdings, coughed up $4.1bn in dividends to Walgreens last year, in addition to paying out a $909.6m dividend the [...]
Spain and Portugal target price cap for natural gas to combat skyrocketing inflation May 15, 2022 Spiralling inflation has triggered a fresh round of state intervention in Europe, with both Spain and Portugal setting up price caps for gas trading.
Eurovision: Ukraine victorious, United Kingdom comes second May 15, 2022 The United Kingdom had a remarkable showing at the Eurovision song contest, coming in second place and narrowly missing out to hot favourites Ukraine. Sam Ryder swept to the dramatic win with the jury, after his Spaceman track wowed the audience getting 283 points. His performance received the maximum 12 points from countries including Ukraine, [...]
Andrew Bailey faces House of Commons grilling amid cost of living crunch May 14, 2022 Bank of England Governor Andrew Bailey will face questions over his leadership on Monday following his policy towards the cost of living crunch.
