But the Financial Times reports that North Sea oil and gas firms are angry about the “small print” of the chancellor’s announcement, which will see the 25% windfall tax remain until December 2025, unless prices return to more normal levels in the meantime. BP warns it will need to look at the impact of the tax on its North Sea investment plans, the FT says.
Kellogg is reportedly splitting into three separate companies. The Financial Times reports that the US company will retain its snack foods division while spinning off the cereals section and a smaller plant-based food division.
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