Business, Economics, Stock markets, FTSE, Bank of England, House prices Business | The Guardian
Rolling coverage of the latest economic and financial news, including the fastest pace of house price growth since December 2022Bank of England braced for knife-edge interest rate decisionProfits have dipped at Shell, although the energy giant has still raked in over $14bn so far this year.Shell has reported adjusted earnings of $6.3bn for the second quarter of this year, down from $7.7bn in the first quarter of the year.“Shell delivered another strong quarter of operational and financial results. We further strengthened our leading LNG portfolio, and made good progress across our Capital Markets Day 2023 financial targets, including $1.7 billion of structural cost reductions since 2022.Today, we have also announced a further $3.5 billion buyback programme for the next three months. We continue to demonstrate that we are delivering more value with less emissions.”“Wildfires raging across the Arctic Circle and temperature records being broken by the day should be a wake-up call.But Shell continues to bank billions from digging up climate-wrecking fossil fuels. Shell’s reckless pursuit of profit is causing global climate chaos – and it is planning a new drilling frenzy that will only exacerbate the crisis. Continue reading…
Rolling coverage of the latest economic and financial news, including the fastest pace of house price growth since December 2022
Bank of England braced for knife-edge interest rate decision
Profits have dipped at Shell, although the energy giant has still raked in over $14bn so far this year.
Shell has reported adjusted earnings of $6.3bn for the second quarter of this year, down from $7.7bn in the first quarter of the year.
“Shell delivered another strong quarter of operational and financial results. We further strengthened our leading LNG portfolio, and made good progress across our Capital Markets Day 2023 financial targets, including $1.7 billion of structural cost reductions since 2022.
Today, we have also announced a further $3.5 billion buyback programme for the next three months. We continue to demonstrate that we are delivering more value with less emissions.”
“Wildfires raging across the Arctic Circle and temperature records being broken by the day should be a wake-up call.
But Shell continues to bank billions from digging up climate-wrecking fossil fuels. Shell’s reckless pursuit of profit is causing global climate chaos – and it is planning a new drilling frenzy that will only exacerbate the crisis.
