Mark Kleinman: Reeves revels in ring-fencing reform May 28, 2026 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his City AM column Reeves revels in ring-fencing reform Is Rachel Reeves about to rip up ring-fencing? It was a question I posed in this column just over a year ago. Now, we have an answer of sorts. The Chancellor’s announcement [...]
BP chair Manifold hits back at ‘false’ misconduct claims May 27, 2026 BP’s ousted chair has hit back at the group’s decision to fire him over governance issues, launching a robust defence of his short-lived tenure on the supermajor’s board and rejecting the “false narrative” surrounding his sudden departure. In a move poised to plunge the London-listed energy giant into a full-blown governance crisis, Albert Manifold defended [...]
Crude language is the least of BP’s Manifold problems May 27, 2026 Yesterday saw the ousting of BP chair Albert Manifold after less than one year in the role. According to various media reports, Manifold was “shouty” and “aggressive”, with a “volcanic temper”. But try as it might to escape crude language, BP’s board may soon suffer similar missives from its shareholders after another c-suite scandal left [...]
BP chair ousted over ‘volcanic’ behaviour after less than a year May 26, 2026 The chair of BP has been fired after less than a year, after “serious concerns” about his conduct were lodged with the energy major’s board. Albert Manifold was stripped of his roles as chair and director of the London-listed petrochemicals giant having only taken the reins last July, with director Amanda Blanc saying the board [...]
Shell shares slump after earnings rocket on oil surge May 7, 2026 Shell kicked off a mega share buyback following a bumper first quarter that breezed past expectations on the back of booming oil trading. The FTSE 100 oil major recorded earnings of $6.9bn (£5bn), cruising past the consensus pencilled in by analysts of $6.4bn. It also marked a significant uplift on the $3.3bn pocketed in the [...]
Sir Jim Ratcliffe is right – our energy policy is ‘all over the place’ May 6, 2026 Punchy interventions from chemicals tycoon Sir Jim Ratcliffe are not rare; most announcements from his company, Ineos, are enriched with a missive from the billionaire on where exactly the UK is going wrong. But these are no mere PR ploys. The stakes are high and he knows what he’s talking about. Yesterday’s confirmation of his [...]
BP eyes North Sea exit as tax load bites May 2, 2026 BP is reportedly eyeing a potential exit from the North Sea as the tax load on energy companies seems unlikely to be eased with the Iran war. The UK oil giant is considering either ceasing or partially winding down operations in the North Sea, according to Bloomberg, as part of an effort to strip assets [...]
After a ‘stunning’ update, what does the future hold for long-suffering BP? April 30, 2026 BP wowed shareholders with its first quarter results – doubling profit and bolstering its balance sheet. But with an activist breathing down its neck, its new boss Meg O’Neill isn’t out of the woods yet, writes Ali Lyon As she sat down to pen her first email to BP’s 100,000 staff, Meg O’Neill opted against [...]
Lloyds fires bank tax warning shot as industry ‘ripe for cash grab’ April 29, 2026 Lloyds Banking Group has warned the Treasury not to look at the banks for a tax raid as the industry sets its sights on booming profits in 2026. The FTSE 100 giant beat profit expectations by a cool £200m in the first-quarter after booking £2bn. This was also followed up by an upgrade to its [...]
Brits (and BP shareholders) are worried about the climate crisis, so why the lack of action? April 29, 2026 Brits are deeply worried about the climate crisis, yet struggle to act. James Reed wants to close that gap.