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Episode details

World Service,03 May 2022,26 mins

Bumper BP profits despite accounting loss

World Business Report

Available for over a year

Oil giant BP booked bumper underlying profits despite a big loss on its exit from Russia. We explore whether oil firms are likely to face windfall taxes on their profits, with Dr Sandy Hager, a political economist at City, University of London. Also in the programme, the BBC's Mike Johnson examines why Turkey is seeking to rebrand itself with its Turkish name, Türkiye. Plus, as a law firm tells its employees they can work from home if they agree to a 20% pay cut, Emma Bartlett, employment law partner at CM Murray tells us whether it's an idea that is likely to catch on. (Picture: A BP sign. Picture credit: Getty Images.)

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