BP more than doubles profits on stronger oil prices as it aims to close $10.5bn BHP deal October 30, 2018 BP has more than doubled its profits for its latest quarter, telling investors it could complete its $10.5bn (£8.2bn) purchase of BHP assets in cash as early as tomorrow. The oil and gas giant said its underlying profit for the quarter was $3.8bn, more than double its profit for the same period in 2017 – [...]
How much of Route 66 can you see in one weekend? We head to Chicago to find out… October 29, 2018 Route 66, America’s most legendary highway, is a month-long mission for many who attempt to drive the whole thing. It starts in downtown Chicago and ends 2,448 miles later in front of the Santa Monica Pier in Los Angeles. But what if you only have a weekend to Get Your Kicks on Route 66? With [...]
Oil giants BP and Shell expect pumped up profits after barrel price rise October 28, 2018 Oil and gas giants Shell and BP are expected to report boosted profitability this week after oil prices breached $85 (£66.2) dollars per barrel in the third quarter. On Tuesday BP is expected to reveal a jump in profits from £2.82bn to an estimated £2.9bn according to S&P Capital IQ, while on Thursday Royal Dutch [...]
African miner hires former BHP and British Airways board member ahead of float October 16, 2018 South African phospate miner Kropz will go public by the end of the month and has appointed former BHP board member and JP Morgan exec Lord Renwick as chairman. Kropz announced yesterday it would list on the London Stock Exchange's Alternative Investment Market (AIM) by the end of October. The plant nutrient producer hoped its IPO [...]
BHP Billiton to nearly double stake in Ecuador copper project October 16, 2018 Global miner BHP Billiton has agreed to almost double its stake in the Cascabel copper-gold project in Ecuador. The world's largest miner has increased its stake in SolGold, the project's majority owner and operator, from six per cent to 11.2 per cent. BHP, which only bought into the project six weeks ago with the 6 [...]
BHP shareholders advised to oppose chief executive’s ‘excessive’ salary October 9, 2018 BHP Billiton shareholders have been advised to vote against the miner's remuneration report later this month on account of chief executive Andrew Mackenzie's “excessive” salary. Mackenzie was paid $4.657m (£3.55m) last year, a $100,000 pay rise on the previous year, despite missing out on his target pay package after two fatalities at BHP Billiton's mines. [...]
Unilever to stay on FTSE 100: How investors reacted October 5, 2018 Unilever’s awkward climbdown over its attempt to move its main listing to the Netherlands is unlikely to be the last, according to one financial expert, as investors reacted to the company’s decision to retain its London headquarters today. Unilever this morning pulled plans to make the Netherlands its sole headquarters and quit its UK offices, after [...]
Vodafone looks to raise €4bn of hybrid bonds to fund Liberty Global acquisition September 26, 2018 Vodafone is looking to fund its acquisition of Liberty Global’s European cable networks through issuing around €4bn (£3.6bn) of hybrid bonds. Unlike corporate bonds, hybrid bonds combine debt and equity into a single security, and are classed partially as equity by ratings agencies. This allows Vodafone to maintain its credit rating while also raising much [...]
BHP boss paid $8.1m but missed out on more after fatalities and production issues September 18, 2018 BHP Billiton's chief executive was paid $8.1m (£6.2m) last year but missed out on a higher increase due to fatalities at the company's mines and lower than targeted production. Andrew Mackenzie's total remuneration package for the year to the end of June, excluding shares payments, was $4.657m – an increase of $100,000 on the previous year. [...]
BHP boss paid $8.1m but missed out on more after fatalities and production issues September 18, 2018 BHP Billiton's chief executive was paid $8.1m (£6.2m) last year but missed out on a higher increase due to fatalities at the company's mines and lower than targeted production. Andrew Mackenzie's total remuneration package for the year to the end of June, excluding shares payments, was $4.657m – an increase of $100,000 on the previous year. [...]