BP profit hit by weaker refining margins as ‘flat’ oil and gas production forecast October 11, 2024 The oil giant also said it expects net debt to now come in higher, driven primarily by the impact of weaker refining margins.
London’s FTSE 100 is ‘substantially concentrated’ as regulator frets over volatility risk October 10, 2024 The UK stock market is “substantially more concentrated” than Europe or even the US, analysts have warned, as regulators fret over the clustering of the biggest British stocks on London’s FTSE 100. In a speech earlier this week, Financial Conduct Authority chief executive Nikhil Rathi warned that market concentration was leading to a “sharp rise [...]
Scottish Mortgage no longer most bought trust as Fundsmith Equity claws back 10th October 2, 2024 Scottish Mortgage is no longer the most bought investment trust in the UK, according to the Interactive Investor Most Bought List, as the popular retail pick falls into second. The growth trust was eclipsed in September by Blackrock World Mining, a commodities-focused trust which is up 15 per cent in the last three weeks and [...]
Future of Rosebank in doubt as UK drops challenge to judicial review August 29, 2024 The future of Britain’s largest untapped oil field, Rosebank, has been thrown in to doubt after the new government said it would not challenge a judicial review. The decision affects the field which is just off the Shetland Islands, as well as Jackdaw, another untapped site 150 miles east of Aberdeen. Legal challenges against the [...]
The fight for B Corp’s soul August 6, 2024 Last month, the French media giant Havas was stripped of its B Corp certifications after signing a global media buying contract with Shell. Ali Lyon explores what the decision means for the industry
Shell kicks off £2.74bn share buyback as earnings beat expectations August 1, 2024 Shell kicked off a new share buyback programme today as it posted better-than-expected numbers for the second quarter despite a previously announced $2bn (£1.6bn) impairment and a slide in revenues.
Mark Kleinman: Is £300bn Shell merger Total summer speculation? August 1, 2024 In this week's column, Mark Kleinman tackles the Shell merger, Cineworld closure and Dan Wagner's Rezolve AI.
FTSE 100: BP, Shell and oil prices surge on assassination of Hamas leader in Iran July 31, 2024 The FTSE 100 jumped over a hundred points on Wednesday morning, after the assassinations of two Hamas and Hezbollah leaders caused the index’s energy and commodities constituents to surge. Shares in BP and Shell both rose by between two and three per cent in early morning trading, helping the index as a whole to jump [...]
The Debate: Should B Corps cut ties with fossil fuel companies? July 25, 2024 City A.M.’s weekly feature takes the fiercest water-cooler debates and pits two candidates head to head before delivering The Judge’s ultimate verdict. The Debate: Should B Corps cut ties with fossil fuel companies? Is it delusional to pretend that fossil fuel companies meet the B Corp standards, or is it unrealistic to shun companies like [...]
Top creative agency calls on Havas London to be stripped of B Corp status July 17, 2024 Advertising giant Havas London must be stripped of its B Corp status if its sister agency continues to work on its global contract with Shell, the founder of another B Corp accredited agency has said.