US giants ExxonMobil and Chevron saw their earnings fall compared with the same period last year, due to supply disruption from the Middle East, but both beat analysts’ forecasts and expect their profits to grow further as the year goes on, with the price of oil still significantly higher than when the war broke out.

Q1: 2026-05-07 Earnings Summary

EPS of $0.27 misses by $0.01

 | Revenue of $92.60M (16.33% Y/Y) misses by $253.50K

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Winsford scheme could ‘deliver significant economic growth’

Ambitious plans for a huge Winsford warehouse which could create 275 jobs have been given the green light.

Cheshire West and Chester Council’s planning committee unanimously approved the development at Winsford Industrial Estate when it met this week.

The plans for the 20,909 sq m site also include office space, service yard, gatehouse, car parking, landscaping and improvements to existing access road off the estate’s Road One.

There were no objections to the scheme and virtually no discussion at the meeting itself, with approval being proposed and seconded, and the committee voting unanimously to back it.

The plans had to be discussed as a matter of policy due to the sheer size of the building.

Submitted by Rula Developments, plans show the 16-acre site is spread across two parcels of land to the eastern part of the estate.

This area itself sits adjacent to land now developed as a unit for the use of HGV manufacturer Tiger Trailers.

A report to the committee said the building would be just under 19m in height, a scale the report said was ‘in keeping with the character of the wider area or the design of existing buildings’.

The report said: “Externally, the development will feature a high quality, contemporary design with elevations forming a contemporary mix of materials in an attractive colour palette.”

In terms of parking, the report said there would be 470 car parking spaces and 28 cycle spaces which it said was ‘sufficient’ for its proposed uses. It will also have cycle parking and electric vehicle (EV) charging facilities.

On the roof will be 60 sq m of solar panels with heating provided by air source heat pumps, with the building also having low energy LED lighting.

The report added: “The development would deliver significant economic growth through the creation of around 275 new jobs in an existing employment location.”

It added: “It is considered significant weight should be afforded to the economic benefits arising from the development.”

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Taylor Wimpey plans for Tattenhall received local objections

Planning chiefs were told they needed to ‘be brave’ as they agreed to delay a decision on a massive new housing estate.

West Cheshire and Chester Council’s planning committee met this week to discuss proposals by Taylor Wimpey for 110 properties on land at Chester Road, Tattenhall.

The scheme had been called in for discussion by ward councillor Mike Jones, who raised concerns including impact on local roads. Tattenhall Parish Council had objected, raising issues including a lack of local infrastructure.

At the meeting, objector Ian Waddington, parish councillor Iain Keeping, and Cllr Mike Jones all spoke.

Mr Waddington said: “The estate would completely obliterate the only remaining view across open countryside from the west side of the village at a sensitive location that typifies Tattenhall’s rural character.” He added: “It will be the start of urbanization. It is not wanted, and can so easily be avoided.”

Ben Edmundson, design and planing manager at Taylor Wimpey North West, told the committee the plans would ‘prioritise local people’ with a ‘strong local connection’.

He said: “We’ve worked closely with the council and statutory consultees through the pre application and planning process to design residential scheme that is responsive and distinctive to the architectural and landscape qualities of Tattenhall.”

There is broader, ongoing debate within the council about the impact of updated national planning policy, which has essentially ‘moved the goalposts’ in the borough and states it now has a shortage of planned housing in the coming five years. And in recent months concerns have been raised at the impact of some housing projects, particularly those in rural areas.

Committee member Katrina Kerr quizzed officers one what the fallout could be of deferring the plans. She said: “What’s the worst thing that could happen? The Government could override us?”.

Officers replied that costs could be incurred if the council was overruled.

Cllr Kerr added: “The best thing that could happen is that Taylor Wimpey sit down with Tattenhall councillors, the parish council, and come up with a scheme that’s a bit closer to what everybody here wants.” She added: “I’d risk it”.

Committee member Gillian Edwards raised concerns over the amount of money via legal agreement the developer had pledged to offset the impact of new homes on health and education in the area.

And referring to councillor Kerr’s earlier comments, she added: “Life is about risks. I think we just need to be brave.”

She added: “This is the first but it’s not the last we’re going to see of these. So I think it’s about taking a chance and doing the right thing.”

There was considerable back and forth throughout the meeting between elected members on the committee and planning officers over how to shape a reason for deferring a decision. They eventually settled on the mix of house sizes being proposed.

The committee subsequently voted for deferral, with nine in favour, one against and one abstention.

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Shares of BSE slipped as much as 3.3% to their day’s low of Rs 3,832 on the NSE even after India’s oldest stock exchange reported a consolidated net profit of Rs 797 crore for the March quarter of FY26, registering a 61% increase from Rs 494 crore in the corresponding period last year.

Revenue for Q4FY26 rose 85% year-on-year (YoY) to Rs 1,564 crore, compared with Rs 847 crore in the same quarter of the previous financial year. On a sequential basis, BSE’s net profit grew 32% from Rs 602 crore reported in Q3FY26, while revenue increased 26% from Rs 1,244 crore recorded in the October-December quarter.

Transaction charges remained the key driver of growth during the quarter. Revenue from transaction charges surged 114% YoY to Rs 1,311 crore, compared with Rs 953 crore in the year-ago period. On a quarter-on-quarter basis, the figure rose 38% from Rs 612 crore in Q3FY26.

For the full financial year FY26, BSE reported consolidated revenue of Rs 5,148 crore. EBITDA stood at Rs 3,393 crore, while EBITDA margin came in at 48%.

BSE share: Should you buy, sell or hold?

Nuvama Institutional Equities has maintained a ‘Buy’ rating on BSE with a target price of Rs 4,570, implying an upside potential of 15%. According to Nuvama, BSE is expected to see a relatively lower impact from the reduction in weekly contract volumes, as discontinued weekly contracts account for 21.3% of its index options premium volumes, compared with 46.9% for NSE.

The brokerage also believes BSE still has significant headroom to expand its derivatives active customer base, which currently stands at 15 lakh-20 lakh monthly users versus around 42 lakh for NSE. In addition, the brokerage expects higher contract sizes to help lower clearing charges, since these charges are linked to the number of contracts cleared.
Management commentary
Management reiterated that increasing participation in monthly contracts remains a key strategic priority for deepening the derivatives market. Monthly contract volumes increased 5x YoY while index futures volumes rose 3x YoY, albeit on a smaller base.
BSE significantly upgraded trading infrastructure capacity, with ICCL now capable of handling nearly 29,000 trades per second per broker and up to 69,000 peak trades with minimal latency. Management stated these upgrades have helped attract both large and smaller participants.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)