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As lenders’ profits soar, calls grow for a levy to help new PM ease cost of living pressures on householdsIt has been a stellar week for UK banks. Fuelled by high interest rates and market turbulence rippling out from the US war on Iran, major lenders have revealed soaring half-year profits that allowed bosses to boost bonus pots and give billions of pounds to shareholders.Collectively, the UK’s four largest lenders – HSBC, NatWest, Barclays and Lloyds – reported £29.2bn in profits ove

Meg O’Neill is overseeing rapid clearing of the decks at BP after strategic muddle of recent years, with ‘message’ for new PMBP boss urges Burnham to prioritise UK oil and gasRevealed: major oil firms make $93bn profits amid war and climate crisisBP will ignore “sentiment” and “history” in pruning its portfolio of assets, says its new-ish boss, Meg O’Neill. She demonstrated as much last week when putting the company’s 60-year-old North Sea oil and gas business up for sale, explaining o

Bates oversaw eventful 21-year period in club’s historySubsequent ownership of Leeds was hugely troubledKen Bates, one of the most colourful and controversial figures in the history of English football, has died aged 94, Chelsea have announced.The club reported on Saturday afternoon that Bates had died peacefully in Monaco surrounded by his wife and family. “It is with great sadness that we share the news of the loss of Ken Bates, former owner and chairman of Chelsea Football Club. Con

Merger stokes fears over job cuts, US influence and possible BBC and Channel 4 tie-up to take on Netflix and YouTubeOnly five years ago a bullish ITV was riding high, trumpeting the biggest annual advertising haul in its history, as the broadcaster pledged to become a national champion in the battle against the US streamers.Now its chief executive, Carolyn McCall, has raised the white flag, arguing that a cut-price sale of its TV and streaming business to Sky is the only route to survi