BP staves off activist rebellion as embattled chairman keeps his seat April 27, 2023 BP has convinced shareholders to back its climate agenda, fighting off pressure from activist investors at its AGM today.
FTSE 100 close: Persimmon and Standard Chartered peg losses on London index April 26, 2023 London’s FTSE 100 skidded lower today despite a decent batch of results pumping up banks and house builders. The capital’s premier index lost 0.49 per cent to close at 7,852.63 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, edged 0.04 per cent lower to [...]
BP gears up for AGM where energy giant will face wrath of pension funds April 26, 2023 BP has defended its decision not to permit shareholders to vote on its watered down climate targets ahead of a crunch AGM tomorrow.
FTSE 100 close: Credit Suisse suffers £55bn outflow as BP and Shell claw back losses April 24, 2023 London’s FTSE 100 kicked off a new week in subdued style today, dragged lower by big industrial firms extending last week’s poor performance. The capital’s premier index slipped 0.02 per cent to 7,912.20 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, shed 0.22 per [...]
BP chairman at risk of being ousted in shareholder revolt April 20, 2023 BP chairman Helge Lund is at risk of being ousted in a shareholder revolt, with five pension schemes set to vote against his re-election.
FTSE 100 close: London’s premier index falls as strong performance for miners not enough to tip market into green April 4, 2023 The FTSE 100 closed lower on Tuesday as markets ran out of steam despite a strong performance from many of the index’s mining giants. The capital’s premier index closed 0.5 per cent lower at 7,634.52 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, ended [...]
FTSE 100 close: Shell and BP lift London higher as OPEC production cut boosts oil giants April 3, 2023 London’s FTSE 100 was dragged up by its oil giants at the beginning of the week, as OPEC’s cut to production saw BP and Shell climb. The capital’s premier index closed up 0.54 per cent at 7,673.00 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
FTSE 100 live: Oil rises to the top of London’s blue chip index as week’s trading draws to a close March 17, 2023 A rise in oil prices bolstered a FTSE 100 which had been battered by knocks in confidence over the banking sector most of the week. The FTSE 100 was last up 80.62 points at 7,490.65, a rise of 1.09 per cent, while the FTSE 250 – which includes more UK-centric listed companies was trading at [...]
BP boss Looney’s pay doubles to £10m – 170 times more than his average employee March 10, 2023 The boss of BP earned more than 170 times more than his average employee last year as his pay doubled to around £10 million after the company benefited from the Russian full-scale invasion of Ukraine. New figures from the oil giant showed that Bernard Looney’s total pay packet increased from around £4.5 million in 2021. [...]
Looney no muppet as he hits truth on work needed to go green March 1, 2023 It ain’t easy being green, sang Kermit the Frog once upon a time. The puppet-frog was right; moving towards net zero will require an extraordinary amount of hard work. So three cheers to Bernard Looney, the BP boss, for saying what so few are willing to say: the road to a greener future runs straight [...]