BP forecasts ‘weak’ gas trading April 11, 2025 BP said it expects gas marketing and trading to be “weak” in the first three months of 2025, as it published its early indicators for performance through the period. Upstream production in the first quarter is also expected to be lower compared to the prior quarter, with production slightly higher in oil but lower in [...]
Shell: FTSE 100 giant vows to boost investor returns after £19bn pay day March 25, 2025 Shell has vowed to reward its shareholders even further after the FTSE 100 giant handed almost £19bn to its investors in 2024 while also revealing plans to cut spending and reduce costs Ahead of its capital market day event today, the oil giant told investors it also plans to ramp up cost savings and cut [...]
Runcorn by-election: Reform UK reveal Sarah Pochin as candidate March 24, 2025 Reform UK have unveiled Sarah Pochin as their candidate for the Runcorn and Helsby by-election ahead of their first major electoral test since the general election. The party announced on Monday that the former magistrate would stand in the upcoming ballot to replace former MP Mike Amesbury, who stood down following his assault conviction. Pochin, [...]
Cut taxes for BP and Shell to protect UK from Trump’s trade war, Rachel Reeves told February 6, 2025 Oil giants such as BP and Shell who operate in the North Sea should be given huge tax breaks to help protect the UK against Donald Trump’s burgeoning trade war, Chancellor Rachel Reeves has been told. Aberdeen & Grampian Chamber of Commerce is calling on the UK government to reduce the 78 per cent tax [...]
Shell’s spending on renewables falls as firm prioritises shareholder returns January 30, 2025 Shell paid out more than £18.7bn to shareholders in 2024 while cutting spending on renewable energy according to its full year results. The FTSE 100 giant reported a dip in earnings from £23bn in 2023 to £19.1bn in 2024 amid weaker oil prices and lower demand for fossil fuels. Despite the drop-off in earnings, Shell said [...]
Shell to post lower 2024 profit after year of faltering oil demand January 26, 2025 Shell is expected to post lower annual profit than the previous year next week, after the energy giant was hit by weak oil prices and faltering demand for the fossil fuel. The London-listed company is scheduled to announce its financial results for the calendar year 2024 on Thursday. Analysts have forecast that it will post [...]
FTSE 100 hits all-time high as investors bet on interest rate cuts January 17, 2025 The FTSE 100 has hit a new all-time high this morning, surpassing the previous peaks it reached in spring last year, as investors ramp up their bets on an interest rate cut by the Bank of England next month. The value of London’s 100 largest listed companies has grown 3.2 per cent in the last [...]
BP to axe thousands of job in cost cutting drive January 16, 2025 BP told staff on Thursday its plans would impact around 4,700 roles and that it would also reduce contractor numbers by 3000.
Shell warns of £1bn cash hit from emissions certificates payments January 8, 2025 Shell said it expects to take a $1.3bn (£1.04bn) cash hit in the final quarter from payments for emissions certificates. The energy major said on Wednesday that the charge is “related to timing of payments of emissions certificates” in Germany and the US. The London-listed company also said it expects profits in its gas business [...]
Which FTSE 100 companies are most exposed to Donald Trump? November 14, 2024 The FTSE 100 has dropped by more than one per cent following the election of Donald Trump as US president, hitting a three-month low earlier this week. Meanwhile, the S&P 500 has been soaring, leading to a clear divergence between the two indexes. While not all of the poor performance of the FTSE 100 can [...]