Economy

Record Profits

Holy crap.

BP and Royal Dutch Shell have reported massive increases in profits for the first three months of this year on the back of rocketing petrol prices, which are expected to hit £5 a gallon today.

BP's pre-tax profits rose 48 per cent in the first quarter to $6.6 billion (£3.3 billion) while Shell increased its profits 12 per cent to a record $7.8 billion (£3.9 billion).

Hearings? Anyone? Oh, wait. BP and Shell aren't scary shouting black men, so they're not newsworthy.