time tojoin sally time to join sally for world business report. can bp profit in a world awash with cheap oil? the fossil fuel giant releases it s latest results in the coming hours. we will have analysis. and downgraded: toshiba is removed from tokyo s main stock board because of its financial problems. is the japanese giant s future now in doubt? hello and a very warm come. this is world business report. i am sally bundock. the university of california is using wi fi enabled drones to create a system of sd imaging which could potentially allow them to see through walls. we will have more on that in a moment. in the next few hours, bp, one of the worlds biggest oil producers will release its latest set of results. the numbers will be a strong indicator of how the industry is doing in a world where a $50 oil price has become the new normal. analysts are estimating the company will report a profit in excess of $600 million for the second quarter of the year. that would be a
trade, britain s only surviving cloth hall opens after a multi million pound renovation. good morning. it s tuesday 1st august. i m julian worricker. welcome to bbc newsroom live. british gas has said it will increase the price of electricity for the first time in nearly four years. its owner centrica says electricity prices will increase by 12.5% from 15th september. 3.1 million customers will be affected. but the company s gas prices will be held at their current level. the average annual dual fuel bill for households on a standard tariff will rise by £76, up by 7.3%. ian conn is the chief executive of british gas‘s parent company, centrica. he explained why the price rise was necessary despite a decrease in the wholesale cost of energy. first of all, the last time we moved our electricity prices was in january 2014 and since then they have been held flat. from that time, and you are correct, wholesale prices have fallen, we estimate about £36 on an average bill, that i
reopens following a £19 million makeover. good afternoon and welcome to bbc news. british gas will increase electricity prices by 12.5% in september, a move which will affect more than 3 million customers. its parent company centrica said the price rise is a because of the increasing cost of transmitting energy to people s homes and government environmental policies. the government has indicated that it may still legislate to impose a cap on energy prices. our business correspondent theo leggett reports. music. british gas likes to say it is putting its customers in control. we are bringing the nation smarter connected homes. but even if they turn the heating down, those on a standard variable tariffs will see their bills going up. after the increases announced today, the cost of an average dualfuel energy bill, electricity and gas, provided by british gas, will be going up. it will now cost you £1,120 a year, that is an increase of £76 compared to last year. it is not the
what next for the world s fastest ever man? imight go i might go into acting and do some action movies, so that ll give me a rush. you never know. good evening and welcome to bbc news. over three million british gas customers face a hefty rise in their electricity bills. the company argues that it s own costs have risen and from september it will charge 12.5% more for electricity. this means a typical household on a dualfuel tariff will see its annual bill go up by an average of £76. it s the first increase from british gas for nearly four years but that hasn t stopped consumer groups and the government condemning the move. our business editor, simonjack, reports. electricity, a basic need, a simple product. the same wherever or whoever you buy it from. if you buy from british gas, it will be 12.5% more expensive from september. as the uk s largest supplier, it hikes prices for the first time in four years. given wholesale costs have come down over that period, why raise p