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. [...]
Former Shell boss Ben van Beurden raked in £9.7m paypacket last year as profits soared March 9, 2023 The former Shell boss enjoyed a hefty bump-up in his paypacket last year, before leaving the energy giant in January.
Shell boss: US ‘significantly’ more attractive for green energy investment than UK March 6, 2023 The US is more attractive than the UK for energy investment, warned the new boss of Shell, following the US Inflation Reduction Act.
BP and Shell: Will the mega profits of energy giants power our greener future? February 20, 2023 BP and Shell have pledged to ramp up renewable spending to meet the UK's climate and energy security goals, but can we trust them?
Shell lawsuit: Institutional investors back legal challenge over climate risk February 11, 2023 A group of European institutional investors is backing a novel London lawsuit against Shell's board over alleged climate mismanagement.
Shell wins High Court injunction against Greenpeace protestors occupying oil platform in North Sea February 7, 2023 Shell has won a bid for a new High Court injunction against Greenpeace protesters occupying an oil platform as it is transported to the North Sea. On January 31, four protesters from the environmental campaign group boarded the White Marlin, a heavy-load ship carrying a floating oil and gas platform, as it travelled near the [...]
FTSE 100 close: Markets shrug off rate hike as JD Sports and BT lift index February 2, 2023 The FTSE 100 closed higher on Thursday, boosted by a strong performance from BT and JD Sports, as investors digested the latest interest rate decision from the Bank of England later today. Governor Andrew Bailey increased interest rates by 50bps to a post-financial crisis high of four per cent earlier today. Investors think the Bank [...]
FTSE 100 live: London index boosted by Shell ahead of today’s Bank of England rate decision February 2, 2023 The FTSE 100 opened higher on Thursday morning, boosted by a strong performance from Shell, as investors awaited the latest interest rate decision from the Bank of England later today. Governor Andrew Bailey is expected to increase interest rates by 50bps to a post-financial crisis high of four per cent later today, although there is [...]
Shell caps off bumper trading year with record £32.2bn profits February 2, 2023 Shell capped off a highly lucrative year of trading with bumper fourth quarter earnings of £7.9bn - with full year profits of £32.2bn.