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Showing posts with the label Profit

Energy Profits: British Gas Sees 889% Soar in Profits, Amidst Cost of Living Crisis

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Summary: Centrica , the owner of British Gas , reports a profit of £2.1 billion, nearly double the previous year's figures. British Gas profits have seen a tenfold increase, with £969 million in the past year. The significant profits have been attributed to changes in the price cap imposed by off-gem. Consumer groups argue that the regulatory system for energy suppliers needs an overhaul to promote competition and fair pricing. The privatized utilities sector continues to face debates on what constitutes a fair price and reasonable profit. ...

New Plans for Oxford Street Revamp Revealed

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Summary: Westminster Council unveils the proposed plans for the long-awaited revamp of Oxford Street, London's famous shopping district. The plans include introducing 12 pedestrian crossings, widening pavements, planting trees, and improving lighting. The project aims to reduce traffic congestion, create more space for shoppers, and enhance the overall shopping experience. Consultation for the proposed changes will be open until August 31st, allowing the public to provide feedback on the plans. If approved and completed as scheduled, the transformation of Oxford Street could be realized by 2026. ...