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Sarah Taaffe-Maguire, business and economics reporter
Apr 28
Oil giant BP announces huge rise in profits in first results since Iran war

Benchmark oil prices have soared since early March as attacks led to the effective closure of the Strait of Hormuz, through which about a fifth of the world's oil and liquified natural gas flows. Money blog: £3.53 difference for same product as cheapest supermarkets for brands revealed BP has been a significant beneficiary; its results for the first three months of its financial year show its underlying profits hit $3.198bn (£2.366bn). This is even better than the doubling to $2.7bn (£1.99bn) that analysts had expected. A year earlier, that profit measure had been $1.381bn (£1.021bn). BP was explicit about the contribution of higher oil prices. The profit "reflects exceptional oil trading", it said. Well placed to benefit Oil has consistently cost more than $100 a barrel since the outbreak of war but only one month of higher prices featured in the results released on Tuesday. It made such high profits during the three months, on oil averaging $82.80 a barrel for the benchmark Brent crude. That means it has not yet fully benefited from more expensive oil and that profits are likely to rise yet further. At the same time, BP has not been badly hit by war in the Middle East; most of its production is in North America, meaning it can benefit from higher prices while experiencing minimal disruption. It did say, however, that production volumes and fuel margins "remain sensitive to conditions and developments in the Middle East". Its share price is up 2.5% on Tuesday morning. The longer oil prices remain elevated, the worse the cost-of-living impact is going to be on households and businesses. The energy price cap is widely expected to rise by hundreds of pounds for a typical home in July. What about tax? Fossil fuel producers are still subject to a windfall tax called the energy profits levy, imposed in the wake of Russia's invasion of Ukraine, after which some companies had record profits. This was reflected in the fact BP paid a headline tax rate of 78% on its taxable profits from its North Sea business. Energy Secretary Ed Miliband said, "Profiting from a crisis is morally and economically wrong." Referencing the energy profits levy, Mr Miliband said "taxing these windfall profits to help fund support with the cost of living". Overall, though, BP said its effective tax rate was lower this year than last. Its effective tax rate on profits was 43%, compared with 69% for the same period in 2025. Reaction Environmental groups have reacted angrily to the results "The oil industry's capacity to profiteer from human misery is almost limitless," said Greenpeace climate campaigner Maja Darlington. Oil companies, "destroy the climate, push up the cost of living, and rake in billions in profit while innocent civilians die", said Patrick Galey, the head of news investigations at NGO Global Witness. He added, "It's well overdue that we make oil companies pay for the damage they're doing. If they broke it, they need to fix it. It's clear they can afford to."

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No Writer
Apr 28
Man pleads guilty over terror plot to attack Taylor Swift concert - reports

The plot was thwarted but authorities still had to cancel three performances by the pop superstar in August 2024. Austrian outlets Kurier and Kronen Zeitung said 21-year-old Beran A - his full name cannot be published due to the country's privacy rules - pleaded guilty to charges related to the terror plot. It is unclear what other charges he pleaded guilty to. Beran A faced charges including terror offences and membership in a terrorist organisation, he was arrested on 7 August 2024, the day before the first of three planned concerts. His defence attorney had previously said he planned to plead guilty to most of the charges. If convicted, he could face up to 20 years in prison. Beran A is facing trial alongside Arda K, a Slovak national. They, along with a third man, planned to carry out simultaneous attacks in Saudi Arabia, Turkey and the UAE during Ramadan in 2024, authorities say. Beran A and Arda K did not carry out their attacks and only Beran A is charged in connection with the Taylor Swift plot. Speaking at the start of his questioning by the presiding judge, Beran A said: "I plead guilty ⁠in part." When asked if he pleaded guilty to the charges relating to the planned concert attack, he said: "Yes." Authorities say he planned to target onlookers outside Ernst Happel Stadium - where up to 30,000 were expected to gather each night, with another 65,000 inside the venue - with knives or homemade explosives. He hoped to "kill as many people as possible", authorities said previously. Beran A is suspected of networking with other members of the ISIS terror group before his planned attack. Prosecutors say they discussed purchasing weapons and making bombs, and that Beran A also sought to illegally buy weapons, including a machinegun and hand grenade, in the days ahead of the performance. Read more from Sky News:Mexican cartel leader capturedAt least 14 dead in Indonesia train crash Bomb-making materials were found at his apartment on the day before the concerts were scheduled to begin. "Having our Vienna shows cancelled was devastating," Swift wrote in a statement posted to Instagram two weeks later. "The reason for the cancellations filled me with a new sense of fear, and a tremendous amount of guilt because so many people had planned on coming to those shows." The trial is expected to last until 12 May.

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No Writer
Apr 28
Education secretary says social media restrictions for under-16s will be introduced

Bridget Phillipson told Mornings with Ridge and Frost there will be "more action to keep young people safe online, including around social media". That will include restrictions on age or functionality, she added. However, she said there are no specific details yet because the government is still consulting with campaigners and families on what exactly those restrictions will look like. The House of Lords has proposed a complete social media ban for under-16s, but MPs have overturned that as they say the government consultation needs to conclude first. Lords voted in support of a ban for the fourth time on Monday afternoon, but ministers proposed further amendments to end the stand-off with peers over the Children's Wellbeing and Schools Bill, which any restrictions will come under. Read more from Sky News:Judgement day for StarmerIran war could hit holidays, PM says Education minister Olivia Bailey told the Commons "some form of age or functionality restriction" will be brought in. Conservative shadow education secretary Laura Trott described the government's latest proposals as a "huge step forward in keeping children safe". Speaking to the Commons after the latest vote, Ms Bailey said ministers had "listened carefully to the concerns raised across both Houses about the importance of the government acting swiftly once the consultation has concluded". Read more: The countries that have social media bans She added: "The government has said repeatedly that it is a question of how we act, not if, but to put it beyond any doubt, we are playing a clear statutory requirement that the secretary of state must, rather than may, act following the consultation. "This brings forward regulations without pre-empting the consultation's outcomes and does not ignore the tens of thousands of parents and children who have already engaged with us." The education minister then said that "the status quo cannot continue" and added: "We are clear that under any outcome, we will impose some form of age or functionality restrictions for children under 16. "I can also confirm that consideration of restrictions such as curfews will be in addition, not instead of this." 'Huge step forward' The House of Lords voted 316 to 165 in favour of Conservative former minister Lord Nash's amendment to the Children's Wellbeing and Schools Bill, which would outright ban social media for those under 16 years old. Shadow education secretary Ms Trott said the vote had helped secure a "commitment" from the government to introduce an age restriction, describing it as a "huge step forward in keeping children safe". The Conservatives have been calling for a ban for months. It would see the UK follow in the footsteps of Australia, while other countries in Europe – including France and Spain – consider similar restrictions. Speaking before Monday's developments in parliament, a cabinet minister told Sky News a decision on a ban would come before the end of the year. Environment Secretary Emma Reynolds said ministers will "act relatively quickly" once the government's consultation concludes in a few weeks.

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No Writer
Apr 28
Man Utd: Michael Carrick will be boss at Old Trafford next season after 'sensational results', says Jamie Carragher

United are closing in on a Champions League return after tightening their grip on a qualifying position with a 2-1 win over Brentford at Old Trafford on Monday. With four Premier League games remaining, third-placed United are now 11 points clear of sixth-placed Brighton and could make their qualification certain next weekend, when they face rivals Liverpool. Man Utd 2-1 Brentford - Match report and highlightsAs it happened | Teams | Stats | Live Premier League table Interim boss Carrick has now overseen nine wins in 13 games since taking charge in January and Carragher expects himto keep the job after a series of "sensational results". The former Liverpool defender said on Sky Sports: "He's going to be the Manchester United manager, certainly next season, no doubt about that - and you can't say he doesn't deserve it. "They are absolutely sensational results. They're the results of a title-winning team, or a team going for the league. "Now I know that pressure isn't on Manchester United right now, they haven't got European fixtures, all these other things will come into it, but I don't think anybody could have come in and done any better results-wise." "The biggest criticism of Ruben Amorin was that he never adapted, Carrick has shown he can adapt." Transfer Centre LIVE! | Man Utd news & transfers🔴Man Utd fixtures & scores | FREE Man Utd PL highlights▶️Got Sky? Watch Man Utd games LIVE on your phone📱Not got Sky? Get Sky Sports or stream with no contract on NOW📺'Results under Carrick speak for themselves' Harry Maguire speaking to Sky Sports about the secret to Michael Carrick's success: "I think obviously the results help that the feeling [of confidence about Michael Carrick] massively. We had two tough fixtures when Michael first come in, and I think everyone was probably looking at them thinking 'oh no', with Arsenal and Man City, and we managed to get the six points. "Everyone's believed in it, and we've gathered together. We've got the confidence. We know that we can score goals from anywhere. I think we can still get a lot better at this formation as well. I think we can work as a back force, slide across the pitch a lot quicker, like we should have done. "The results speak for themselves, since the manager has come in, and the formation has changed, we just seemed to pick up results. I think that the games previous, when Ruben was here, the games were 50/50, but we always ended up on the back of a defeat. "Now it seems like it's the other way around, where we're a lot better in both boxes. We defend our box a lot better, and we're managing to be clinical in the other box." Neville: Carrick getting the maximum out of the United players Sky Sports' Gary Neville on The Gary Neville Podcast: "I think if Michael Carrick was speaking honestly, I think what he'd say at the moment is that he's getting the absolute maximum out of this group of players. "Is it 29 points now in 13 games since he came here? That's a brilliant job. It is a really brilliant job because they played fantastically well in those first two games against City and Arsenal. I mean, it was absolutely amazing. "Those two performances, they really were fantastic, but they've not really hit that height since. They're getting over the line in games now where they're not playing as well. And that's something that you've got to do. "I think you'll realise when he looks at the group of players out on the pitch, he said before the game that he thinks about the long term future of the club, even if he's not here at the end of the season, which I think he is more than likely to be. "What he did in the second half was saying, 'I've got the tactical nous to do this. It's not just about doing it one way. I can shut down a game,' which he very nearly succeeded in doing. Saying 'I'm a serious manager in other ways.' "I think he's proven that he's been agile in games. I mean, if Brentford had got level, you know, he'd have come under an enormous amount of criticism for going to that system. In hindsight, after a few minutes he said, 'this is working.' United's compactness wasn't as good as it should have been in that first half. And Michael Carrick will have seen that and he'll have thought, 'right, okay, I can't take that risk'." Carrick happy to see Man Utd sitting 'in good position' after latest win Meanwhile, Carrick recognises Manchester United are now "in a good position" after taking another step closer to Champions League qualification with victory over Brentford. United could now clinch a return to Europe's top competition when they host another of the contenders, rivals Liverpool, live on Sky Sports on Sunday. Carrick told Sky Sports: "It's another win. We've obviously got an important game coming up with the weekend, so we can look forward to that. "It's a big game for different reasons but we've put ourselves in a good position." Brentford fought back in the second half and struck late on through Mathias Jensen but United held on. Carrick said: "We could have scored more but it's the time of year when it's a result business. We needed to take the points and we've had a fantastic two games on the back of the Leeds defeat."

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No Writer
Apr 28
Police hunt for 89-year-old suspect after gunman opens fire in Athens wounding several people

Police are searching for the suspect, said to be an 89-year-old man, according to local media. The attacker was armed with a shotgun and initially opened fire at a social security office in the centre of the Greek capital, wounding an employee. The injured man suffered shrapnel wounds to his legs and was taken for treatment. His life was not in danger according to initial assessments, local media reported. Alexandros Varveris, head of the National Social Security Fund, said that the gunman had gone to the fourth floor of the social security fund's offices in the Kerameikos area of central Athens and opened fire after calling out to an employee "to duck". His shot hit another employee, who was wounded in the leg, Mr Varveris said. "He went in, went up to the fourth floor, raised his shotgun, told an employee to duck and hit another one," Varveris told ERT radio. He said it didn't appear that the gunman specifically targeted the employee he hit. Read more:Man pleads in Taylor Swift gig attackDances With Wolves actor jailed The same man was suspected of later opening fire on the ground floor of a court building in Athens, with several people wounded there, police said. The motive was unclear, but the gunman had reportedly thrown envelopes with documents onto the floor after opening fire at the courthouse, saying those were the reasons for his actions. The head of the Athens Judicial Employees Union, Stratis Dounias, said that initial information indicated the man shot at the floor inside one of the offices in the court building. At least three female court employees were slightly wounded by ricocheting shotgun pellets, while media reports said that a fourth female employee was transported to a hospital without physical injuries. Witnesses described him as tall and thin, and wearing a blue trench coat under which he was hiding his gun. Footage from state broadcaster ERT News showed ambulance crews transporting at least three people from the courthouse to waiting ambulances. The wounded employee was taken to a nearby hospital after police applied a tourniquet to his leg at the scene.

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No Writer
Apr 28
Jimmy Kimmel defends Melania joke after Trumps call for his sacking

Just days before the shooting in Washington, at the White House Correspondents Association (WHCA) dinner, Kimmel did the sketch about the event on his programme Jimmy Kimmel Live!. He joked Mrs Trump had a "glow like an expectant widow", but on Monday responded to criticism, defending his joke as a reference to the couple's age difference and "not, by any stretch of the definition, a call to assassination". Posting on Truth Social, the US president said Disney and ABC should immediately sack the comedian, who was briefly taken off-air last year over comments about the killing of Trump supporter Charlie Kirk. Mr Trump wrote: "I appreciate that so many people are incensed by Kimmel's despicable call to violence, and normally would not be responsive to anything that he said, but this is something far beyond the pale." In a post on X, the first lady said Kimmel's "hateful and violent rhetoric" intends to divide the US. "His monologue about my family isn't comedy - his words are corrosive and deepen the political sickness within America." She described Kimmel as a "coward", accused him of spreading hate and claimed ABC was protecting him. "Enough is enough. It is time for ABC to take a stand. How many times will ABC's leadership enable Kimmel's atrocious behaviour at the expense of our community," she wrote. There has been no comment from ABC, but it poses a test for Disney CEO Josh D'Amaro, who took over last month. Kimmel agrees with Melania Kimmel used the opening monologue of his show on Monday to address the Trumps' response. "It was a very light roast joke about the fact that he's almost 80 and she's younger than I am," Kimmel said. "It was not by any stretch of the definition a call to assassination." He then responded to the first lady's comments: "I agree that hateful and violent rhetoric is something ⁠we should reject. "I do, and I think a great place to start to dial that back would be to have a conversation with your husband about it." The comedian played a clip of a CBS News' "60 Minutes" Sunday interview in which ‌Mr Trump called senior correspondent Norah O'Donnell "a disgrace" for reading an excerpt from the alleged gunman's writings and seeking a response. What did the sketch actually show? The sketch depicted Kimmel in a tuxedo, standing behind a podium pretending to deliver a comic routine for the WHCA dinner with "cutaways" to the Trumps. "Our first lady, Melania, is here. So beautiful. Mrs Trump, you have a glow like an expectant widow," he joked. There was no indication Kimmel was referring to violence in the sketch. Read more on Sky News:The best of King's first day in USKimmel chokes up over Charlie Kirk Kimmel has long targeted Mr Trump in his comedy and is no fan of the president. He came close to tears following the Republicans' 2024 election win, describing it as a "terrible night". His suspension for comments about the assassination of right-wing influencer Kirk in September was met with criticism towards the administration for infringing on freedom of speech, leading to Kimmel's reinstatement five days later. On his return, Kimmel said it was "never my intention to make light of" Kirk's death, adding that he did not think there was anything funny about it.

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No Writer
Apr 27
Your supermarket shop and holiday plans could be hit by Iran war, PM warns in Sky News interview

Asked if summer holidays were in jeopardy, the prime minister told the show, launching on Sky News tonight: "We'll see how long the conflict goes on. "I can see that, if there's more impact, people might change their habits… where they go on holiday this year, what they're buying in the supermarket, that sort of thing." Politics Live: PM faces Commons vote on whether he mislead parliament Asked if that meant there may be shortages of food and fuel, Sir Keir said his message to the public was still that they should not panic. He added: "We chose not to get involved in this war. That was the right thing to do. But we must protect the British people from the impact of it. "That's why we have these meetings. I'm chairing the one tomorrow. I do that regularly and that's looking across the piece. What more can we do? How do we manage the risks as we see them? "It is important to say that because we got the economy into a better place, we are better placed to deal with this than we otherwise would have been." The interview also saw Sir Keir signal that he will order his MPs to vote against a motion calling for an inquiry into whether he has misled parliament. The meeting the PM is chairing tomorrow will see the Middle East Response Committee (MERC) discuss how to deal with the fallout from the conflict. Iran war latest: Tehran offers US new deal - but key sticking point not on table It will include representatives from the Bank of England and will consider the war's economic impact in the shadow of rising oil prices, which hit a near three-week high on Monday. It comes as hopes of progress on peace talks between the US and Iran were once again dashed, after President Donald Trump cancelled a visit of his envoys to Pakistan for negotiations. Trump last week indefinitely extended the ceasefire between the US and Iran, which was agreed on 7 April and which has largely halted the fighting that began with joint US and Israeli strikes on 28 February. But a permanent resolution has yet to be agreed and the crucial Strait of Hormuz, through which a fifth of the world's oil supplies are carried, remains effectively blocked.

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No Writer
Apr 27
Anthony Joshua will return to boxing in a comeback fight on July 25 in Riyadh ahead of showdown with Tyson Fury

The former unified world champion will fight Kristian Prenga in Riyadh this summer. It will be Joshua's first contest since returning to training after a car accident in Nigeria in December saw two of his close friends die. Hearn: AJ has Fury contract but warm-up must come firstHaye: Joshua and Fury both need each otherGet Sky Sports or stream with no contract on NOW The official announcement of AJ's comeback fight has been accompanied by confirmation from promoters Turki Alashikh and Eddie Hearn that Joshua will finally fight his great rival Tyson Fury later this year. Joshua said: "It's no secret I've taken some time to consolidate and rebuild to be ready for stepping back into the ring and today is the next step on that journey. I'm delighted to have agreed a multi-fight deal starting with July 25 in the Kingdom of Saudi Arabia. "I'm looking forward to competing and picking up where I left off. As I said: The landlord will collect his rent. That is certain." Joshua-Fury is 'signed, sealed, delivered', says Hearn Saudi boxing chief Turki Alalshikh had already turbo-charged speculation on Monday that the fight between Joshua and Fury had been agreed when he posted on social media: "To my friends in Great Britain. It's happening, it's signed." Hearn echoed Alashikh's sentiment in a post on Instagram shortly after, claiming the paperwork is "Signed, sealed, delivered! AJ vs Fury is on!" Ring magazine have also confirmed the fight as a "done deal" on X, claiming that the fight will take place in "Q4" of 2026. Joshua had a pre-existing contract for the fight with Fury - with the latter confirming that he had signed his side of the paperwork after his recent victory against Arslanbek Makhmudov. "I've signed. I signed months ago. I don't know if he signed," Fury said after the fight at Tottenham Hotspur Stadium. Hearn's announcement, though, appears to confirm that all parties are now agreement that the fight is officially happening. Hearn had previously told Sky Sports: "July and November are the two dates that have been presented to us now and we expect to move forward. "Fury has just had his tune-up fight with 12 really vital rounds to get him sharp for the next one and I expect us to do the same." Joshua finally accepts Fury's challenge After Fury outpointed Arslanbek Makhmudov at the Tottenham Hotspur Stadium he directly called on Joshua to fight him next. "I want you, AJ, Anthony Joshua. Let's give the fight fans what they want - the Battle of Britain. I challenge you Anthony Joshua to fight me the Gypsy King next," Fury declared. "Do you accept my challenge?" Joshua answered: "I've been chasing you the last 10 years, when you're ready you come and see me and tell me your terms and conditions. "I'm the boss, you work for me. I'm the landlord. You work for me." Whether or not Joshua prevails against Prenga, he now looks set to fight Fury in an era-defining bout that will undoubtedly be one of the biggest in British boxing history. Who is Kristian Prenga and what's his record? Albania's Kristian Prenga is based in the USA and has good record on paper, 20 victories against just one defeat. Every one of those professional wins has come inside the distance too. The lone loss on his ledger came early in his career, against then 1-2 Giovanni Auriemma in 2017. Prenga said: "Anthony Joshua is a great fighter, but he made a terrible miscalculation in picking me as his opponent. This is the kind of fight that changes everything in my life and his. "I know they have big plans ahead after this fight. I know they are overlooking me. I'm happy about that. I will derail their plans and shock the world this July in Saudi Arabia." "I mean no disrespect but Kristian Prenga is probably the most googled athlete in the last hour - because, on the surface of things, he's not the best known heavyweight," says Sky Sports Boxing expert Andy Scott. "But nobody is pretending that this is anything other than an Anthony Joshua test-the-water comeback fight, because he was involved in the terrible car crash that took the life of his two great friends, Sina [Ghami] and Latz [Adoyele]. These were two close friends. "He's gone through the physical trauma of the car accident. He has to go back into camp, which he has done, and he's taking it slow. "This will be the test to see how he gets on in the training camp, hard sparring, and the pressure of a big fight week. "In Saudi Arabia, it will be a more low-profile return for Joshua. It's a fight that they've made that he should win."

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