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BP reveals massive profits as global fuel prices soar

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British oil and gas company BP has recorded massive profits as consumers pay more to fill up

Despite some of us wanting to switch to electric cars there’s still plenty of evidence that the world is heavily reliant on oil gas, with one major energy giant recording massive profits.

BP’s profits for the first three months of this year have more than doubled – just as consumers are forced to pay more at the bowser.

It comes after global oil and gas prices soared following Russia’s invasion of Ukraine.

The energy giant reported an underlying profit of $6.2 billion.

BP says the increase partly due to “exceptional oil and gas trading”.

Rising profits have prompted calls for a one-off windfall tax on energy companies to help UK households grappling with rising bills.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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