UK house prices ‘stable in January’; BP profits soar – business live

UK house prices ‘stable in January’; BP profits soar – business live - short news


British house prices were unchanged in January, Halifax reports, but annual growth slowed to a three-year low

Oil giant BP has doubled its profits last year, as the surge in energy prices since Russia’s invasion of Ukraine boosted its earnings.

BP has reported underlying profits of $27.5bn for 2022 this morning, up from $12.8bn in 2021. Such bumper profits will surely lead to fresh calls for more stringent windfall taxes on the energy giants.

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source: The Guardian - 07.02.2023

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