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 [...]
Shell snaps up Canadian energy firm ARC for $16.4bn in bid to boost production April 27, 2026 Shell is to buy Canadian shale producer ARC Resouces in a $16.4bn deal that the oil major says will boost its production and deliver “value for decades”. The London-listed oil major, which has been under pressure from shareholders to increase output and revive its ageing reserves base, will pay for the deal using 25 per [...]
BP suffers shareholder revolt over climate U-turn at crunch AGM April 23, 2026 BP’s turnaround plans were dealt a major blow on Thursday after its shareholders rejected two resolutions backed by the board and a sizeable minority voted against the reelection of its new chair. At a crunch annual general meeting (AGM), investors voted down the energy major’s proposal to dial back its reporting commitments on the climate [...]
FTSE 100 Live: Stocks take a dip as Trump’s ceasefire in doubt April 9, 2026 Good morning and welcome back to the City AM liveblog. Hopes for peace in the Middle East are on thin ice with the ceasefire unveiled on Wednesday morning already seemingly in tatters. According to Mohammad Bagher Ghalibaf, Iran’s parliament speaker, the US and Israel have already “violated” Iran’s 10-point ceasefire proposal in three ways. And [...]
Shell and BP plummet after Trump declares ceasefire with Iran April 8, 2026 FTSE 100 oil stocks plunged in early morning trading as Brent prices fell after US President Donald Trump declared a two week ceasefire with Iran. Oil giant Shell suffered a 7.1 per cent slump, trading at 3,311.4 pence, bringing its rally over the course of the Iran war to a screeching halt. Rival BP recorded [...]
FTSE 100 Live: Stocks inch up; Fuel shortage fears hit airlines; Unilever nears food deal March 31, 2026 Good morning and welcome back to the City AM liveblog. Oil prices are on track for its biggest monthly gain on record for March following the outbreak of war in Iran. It comes as the war in Iran continues to cause ripples through the market, with Brent crude – the international benchmark for oil prices [...]
Top energy and City bosses called for summit with Starmer as oil surges March 29, 2026 A number of senior leaders from the likes of HSBC, Goldman Sachs and Shell will meet with Prime Minister Sir Keir Starmer on Monday as the government scrambles to help ease the unfolding energy crisis from the war in Iran. Top officials from the energy, finance and logistics sectors will attend the roundtable on Monday, [...]
Starmer says he doesn’t hold power to approve North Sea projects March 25, 2026 Sir Keir Starmer has said he doesn’t hold legal powers to approve fresh exploration of North Sea oil and gas fields, with the decision falling in the hands of net zero secretary Ed Miliband. Starmer said current legislation determined that a quasi-judicial decision relating to cases for more gas extraction at Shell’s Jackdaw site and [...]
Rolls-Royce shares slide as FTSE 100 plunges amid Iran war March 9, 2026 A dramatic stock plummet from blue-chip giant Rolls-Royce helped drag the FTSE 100 deeper into the red on Monday morning as fears surrounding the economic impact of the Iran war ramped up. Shares in the aerospace giant were down as much as five per cent at open, before clawing back some gains to a three [...]