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BBCNEWS BBC News at One June 4, 2024 12:06:00 - Vimarsana News

BBCNEWS BBC News at One June 4, 2024 12:06:00

Households affording those energy bills and food bills going up. the british energy giant shell has announced its highest ever quarterly profits. the company made nearly £7.3 billion in the first three months of this year. that's a three—fold increase on the same period in 2021. our business editor simonjack is here. how has shell made so much money? and what are they going to do with it? this and what are they going to do with it? �* , ., h, and what are they going to do with it? a ., , and what are they going to do with it? a g, , it? as faisal was 'ust saying, the increased cost — it...

BBCNEWS BBC News June 4, 2024 13:09:00 - Vimarsana News

BBCNEWS BBC News June 4, 2024 13:09:00

Companies like shell, as bp did earlier this week, have made bumper profits. we saw oil, crude oil prices, already high at the end of last year, gas prices already high at the end of last year, as the world economy emerged from a covid—related coma, if you like, were amplified by the russian invasion of ukraine, people worried that supplies from the world's second biggest oil exporter, the world's biggest gas exporter would be either shut off or boycotted, sent this international bidding war for prices, which means that they have made more money than they ever have in their 115 year history....

BBCNEWS BBC News June 4, 2024 14:08:00 - Vimarsana News

BBCNEWS BBC News June 4, 2024 14:08:00

Look to the us for their interest rates decision last night, actually their central bank only see interest rates on top of the cycle at about 3%, so some of your viewers who may be used to double digit interest rates, i think even in this inflation environment they are unlikely to see them in the cycle. yes, and do something we will all see the impact of at some stage. some, thanks so much. simon french there at the investment bank, panmure gordon. staying with business... the energy giant, shell, has announced its highest ever quarterly profits. the company made nearly £7.3 billion in the fi...