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From oil giants to banks: The companies making billions from the Iran war
US giants ExxonMobil and Chevron saw their earnings fall compared with the same period last year, due to supply disruption from the Middle East, but both beat analysts’ forecasts and expect their profits to grow further as the year goes on, with the price of oil still significantly higher than when the war broke out.
Weight loss jabs affecting Greggs, boss says
The boss of Greggs said there was “no doubt” hugely popular appetite suppressing drugs have led to people looking for “smaller portions”, affecting the company’s bottom line. People are also looking for “protein and fibre”, and generally healthier options, Roisin Currie said, adding the bakery has been introducing products to tap into that market. Greggs…
Heathrows plan for longer third runway chosen by government
Heathrow Airport’s plan for a third runway, which involves moving the M25 motorway, has been chosen by the government. Two plans had been under consideration – one from the airport itself, and another from Arora Group, led by hotel tycoon Surinder Arora. Heathrow had proposed a new runway which would be up to 3.5km (2.2…
Highest government borrowing in September for five years
UK government borrowing in September hit the highest level for the month in five years, official figures show, highlighting the challenges facing the chancellor ahead of next month’s Budget. Borrowing – the difference between public spending and tax income – was £20.2bn in September, up £1.6bn from the same month last year, the Office for…
