Refering to my previous thread. Again the price has dropped significantly now to 113p in my local supermarket.
While 7.5 Billion profit might bee seen as good for share holders and index linked retired employees, it is an obserd profit margin considering every hosehold is seeing their utility bills rising not by the so called inflation rate, but by 10 times that or more.
I support and applaude the like of BP in their exploration to find cheaper oil or even better eco friendly alternative energy sourses. But lets not be side tracked here. Their profit is after all manufacturing and exploritory expences have been taken into account.
Any company should be profitable and I'd not bat an eye lid if they made 100 million but 7'500'000'000, is a hell of a lot of zero's considering that the poor sods working at the "coal face" are sweating their wotsits off and worrying like hell about credit crunches, utility bills and when the next mortgage rise is going to push them into bankruptsy.
Steve l.
While 7.5 Billion profit might bee seen as good for share holders and index linked retired employees, it is an obserd profit margin considering every hosehold is seeing their utility bills rising not by the so called inflation rate, but by 10 times that or more.
I support and applaude the like of BP in their exploration to find cheaper oil or even better eco friendly alternative energy sourses. But lets not be side tracked here. Their profit is after all manufacturing and exploritory expences have been taken into account.
Any company should be profitable and I'd not bat an eye lid if they made 100 million but 7'500'000'000, is a hell of a lot of zero's considering that the poor sods working at the "coal face" are sweating their wotsits off and worrying like hell about credit crunches, utility bills and when the next mortgage rise is going to push them into bankruptsy.
Steve l.
my main concern re diesel prices in uk is the fact that the differential between it & petrol is now 10p more. the excuse being diesel is harder to obtain due to market forces. however in europe the differential is the reverse, diesel is cheaper than petrol& is still cheaper than in the UK. even so when the govenment raised the tax on diesel it was a penny dearer than petrol,now it is 10p why has not the goverment & major institutions not examined this apparent fraud played on the UK population particular as diesel cost are the main cause of the rise in consumer prices? surely the transport industry should be baseing their complaints on the effect of the cost of diesel & the petrol/diesel diferrential on the cost of living,rather than only on their loss of profit & this way gain a lot more support in their efforts to reduce the price of diesel.
The other thing that annoys me is the price rigging by the supermarkets. In Bridgend we only have Tesco And Sainsbury selling fuel. They are both selling diesel at 127.9p per litre with the smaller garages following suit. I went to Swansea yesterday and the price of diesel in Sainsbury was 123.9p per litre. If they can sell at that price in one district why is it not that price nationwide. They argue that they are matching local rates but surely this can be construed as price rigging or a cartel amongst the bigger retailers who can afford to sell for less if they so wished.
Tesco store in Bridgend yesterday had 4 tills shut and no queues at the other tills. The prices in their shop at present is astronomical comapred to other retailers - they advertise a comparison with Asda. There is a new Asda in town but the main competition nowadays seems to be Lidl as there are now two stores open in the Bridgend area. Even Farmfood and Iceland are cheaper than Tesco nowadays on many products. Perhaps the days of Tesco could be on the wane - who knows.
Tesco store in Bridgend yesterday had 4 tills shut and no queues at the other tills. The prices in their shop at present is astronomical comapred to other retailers - they advertise a comparison with Asda. There is a new Asda in town but the main competition nowadays seems to be Lidl as there are now two stores open in the Bridgend area. Even Farmfood and Iceland are cheaper than Tesco nowadays on many products. Perhaps the days of Tesco could be on the wane - who knows.
Colin not defending Tesco or any other supermarket,but they have to maintain a balance. If they undercut every local supplier it would only be a few months before they had a monopoly. With regards to prices If the customers stop shopping either they will cut the price or shut the store.You have the choice either Sainsbury's Asda or Tesco. I do know Tesco are looking very close at Aldi and Lidil, who both started out in the more run down areas of our cities. Now Aldi is branching out all over the country, opening a store a week.
The same old knee jerk reaction when a large company makes a profit!
The problem is that 7.5billion does sound a lot, but the media rarely report it in its real context. What they should be reporting is the profit as a percentage of gross turn over
I do not know the figures for BP, but if
The problem is that 7.5billion does sound a lot, but the media rarely report it in its real context. What they should be reporting is the profit as a percentage of gross turn over
I do not know the figures for BP, but if
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