Oil giant BP names first female CFO ahead of 2023 results February 2, 2024 Since September last year, Kate Thomson served as interim chief financial officer when the previous incumbent-now chief executive Murray Auchincloss stepped up to the interim leader position.
FTSE 100: London markets tick down as Bank of England cautious on future rate cuts February 1, 2024 London's FTSE 100 ticked down on Thursday as investors digested the Bank of England's latest decision to hold interest rates, with the first three-way split among policymakers since 2008.
Shell chief says ditching oil production wind-down was not to ‘create a lack of transparency’ February 1, 2024 Last year’s walk-back of Shell’s staggered oil production cuts was not done to “create a lack of transparency” but to “focus on the key targets that matter,” Shell’s chief executive has said. In an analyst call following the company’s release of its fourth quarter and full-year results for 2023, Wael Sawan said the decision to [...]
Shell beats expectations on profits and woos investors with £2.7bn share buyback February 1, 2024 Shell is the first energy giant to post a sharp downturn in profits for 2023 as the oil market settled lower than the historic pricing seen in 2022
Shell hopes to reassure shareholders of green gains amid expected profit hit January 31, 2024 Of the two UK oil majors, Shell has been the quieter of late. Market discussions in recent weeks have largely revolved around BP’s former finance boss-turned chief executive Murray Auchincloss. Specifically, what his tenure could mean for a company that seems stuck between a rock and a hard place balancing shareholder returns with a demanding [...]
Yemen’s Houthi Red Sea attacks and fresh Jordan violence weigh on oil as Middle East unease widens January 29, 2024 Trafigura is the latest major commodity shipper to be targeted by Houthi rebels
BP faces City pressure to ditch £24bn clean energy investments for shareholders January 29, 2024 BP has been told to cut $28bn in clean energy funding by a leading activist investor
Labour would host annual investment summit if elected, vows Jonathan Reynolds January 29, 2024 Labour would host an annual business summit to showcase Britain as a global investment destination, if elected into power, Jonathan Reynolds has pledged.
What does the ICJ ruling on Gaza mean for Israel and its friends? January 26, 2024 On Friday the International Court of Justice demanded that Israel try to contain death and damage in its military offensive, though it stopped short of ordering a ceasefire in Gaza in a genocide case filed by South Africa. Prime minister Benjamin Netanyahu vowed to press on with the war. “We will continue to do what [...]
Banks lead UK firms in dividend payments after HSBC dishes out £8.4bn January 25, 2024 Banks led UK firms in dividend payments last year for the first time since the financial crisis, according to new research, on the back of interest rate hikes.