The last quarter reported by bpr £2 million which is lower than predicted. in the first quarter they reported profits of 4 billion, bp. the big picture is we have seen soaring profits in the past year from energy firms largely driven by the russian invasion of ukraine. but the russian invasion of ukraine. but the price of oil and gas is coming down and we are seeing that reflected in company profits. last week we saw record profits for british gas. shell s came down a bit last week. people are still struggling with high energy costs and we will see the arguments come back about how fair it is for companies to get relatively high profits even though they have turned a corner. pare profits even though they have turned a corner. . . ., , a corner. are we hearing any reaction a corner. are we hearing any reaction to a corner. are we hearing any reaction to the a corner. are we hearing any reaction to the numbers? in| a corner. are we hearing any i reaction to the numbers? in the a c
Than yesterday and not as windy. some sunny skies developing but by the end of the afternoon, the next area of low pressure will bring wet and windy conditions. temperatures, 14 in the north, 21 in the south. overnight, low pressure comes in with wet and windy weather. the overnight low 12 18. the rain picking up in the south west of england and the english channel. tomorrow is looking unsettled and particularly wet and windy. in the last couple of minutes, the energy giant bp has announced its profits over the last few months. emma s here with the details. what are the numbers? the profits in
Fall to 15 celsius. another mile start on wednesday and through the day i think it will be showering. there could be longer spells of rain with the odd rumble of thunder. that s it. i m back in half an hour. good morning, welcome to breakfast withjon kay and sally nugent. our headlines. the price of stronger alcohol increases as the government changes the way drinks are taxed. we are at the great british beer festival, the largest of its kind in the world. they also will be serving cider. we will hear what the industry thinks of the tax changes. after record profits for british gas last week, bp will announce its figures in a few minutes. what s fair while households are still strugging? a fairy tale finale to the ashes. stuart broad takes the final wicket, bowling england to a series levelling victory against australia in his final match.
And after record profits for british gas last week, bp will announce its figures this morning what s fair while households are still strugging? a fairy tale finale to the ashes. stuart broad takes the final wicket, bowling england to a series levelling victory against australia in his final match. and we are here in unst which hopes to become the first vertical spaceport in the uk. today will be driving yesterday but there is still rain in central areas but the outlook remains unsettled. i will have the details. it s tuesday, the 1st of august. the price of some wines and spirits will rise from today, while the cost of weaker drinks will fall after a major shakeup to alcohol taxation. the system aims to simplify alcohol duties by taxing according to strength.
Good morning we ve heard about a string of big profits for energy companies over the past year, haven t we? bp enjoyed a bumper 2022, with the company reporting record profits of £23 billion double the previous year. you can see how, after a dip during the pandemic, profits soared for bp. a lot of this was due to higher energy prices, which came after russia s invasion of ukraine. now though, wholesale gas and oil prices have started to come down, and so too have the sky high profits. last week, bp s big rival shell announced profits between april and june of nearly £4 billion. still relatively high, but down significantly on where they were a year ago because of those falling wholesale costs. the expectation is that we ll see something simliar with bp s results this morning. however, both companies will have been encouraged by prime minister