in its latest operating profits, with soaring parts inflation hitting the bottom line. let s focus on the main business stories. president biden who has accused oil and gas companies of war profiteering and threatened them with a windfall tax. in the uk the focus will be on the oil giant bp. last week shell reported is second highest quarterly profit on record but it was not required to pay the uk windfall tax on energy firms due to making large investments in the uk. oil and gas prices began to rise and a surge since february after russia s invasion on ukraine resulting in bump up profits. let s get the numbers out of the way. paul, what is bp expected to say today? it is auoin bp expected to say today? it is going to save bp expected to say today? it 3 going to save profits are going to be strong but unlike the previous quarter, it would not be the triple digit we saw last summer and that would be reflected. in summer and that would be reflected- reflected. in terms of t
electrification over the next ten years. it has a job to do against rivals which have started earlier. but it will take on the rivals and try to beat them. this is the crucial moment when we are generating profits. toyota is a big giant of the industry and should be able to weather any storm about looking at the industry as a whole, it seems certain car companies will struggle to make the transition. we companies will struggle to make the transition. the transition. we want to ask ou the transition. we want to ask you about the transition. we want to ask you about uk the transition. we want to ask you about uk battery - the transition. we want to ask you about uk battery firm - the transition. we want to ask i you about uk battery firm which is about to collapse. our business editor has lent that perhaps it has secured the additional funding perhaps it has secured the additionalfunding it desperately additional funding it desperately needs. additionalfunding it desperately needs.