Billionaire Brexiter’s energy giant Ineos nets £474m profit thanks to soaring prices
by Rupert Neate Wealth correspondent from on (#62R2N)
Oil and gas division at Jim Ratcliffe's had reported loss of 226m in 2020
Billionaire Brexiter Sir Jim Ratcliffe's petrochemicals company Ineos has made an almost 500m profit thanks to soaring energy prices that are hammering struggling households.
Ineos UK E&P Holdings, the oil and gas division of Ratcliffe's empire, reported a profit of 474m in 2021 compared with a loss of 226m in 2020, according to new filings at Companies House.
Continue reading...