BP eyes finalising sale of solar arm to Kuwait-backed wealth fund Energy Oil giant BP is in advanced talks to sell its solar power business to an investor backed by Kuwait’s sovereign wealth fund as it moves away from pushing net zero. Private equity firm Qualitas Energy, and Wren House, the infrastructure arm of Kuwait Investment Authority, have joined forces to bid for Lighthouse, BP’s solar business. [...]
The physical capital paradox: why the best performing asset class is the least owned Opinion Investors are ignoring the superior performance of commodities despite their critical role in the AI buildout, says Jeff Currie The best performing asset class of this decade is also the most under owned. Since October 2020, when we first called for a decades-long super-cycle in commodities, the broad commodity indices like the S&P GSCI are [...]
UK borrowing costs surge as Trump declares Iran ceasefire over Economics UK borrowing costs surged and the price of oil leapt to a two week-high on Wednesday after Donald Trump suggested his already-fragile ceasefire deal with Iran was over. The yield on ten-year gilts – the primary benchmark for how much it costs the government to borrow – stormed 11 basis points higher to 4.96 per [...]
‘Nothing is straightforward’: Market analysts warn of US-Iran deal complications June 15, 2026 Top market analysts warned on Monday that “nothing is straight forward” as euphoria spread across European equities after a confirmed peace deal between the US and Iran. Stock markets opened in the green as investors returned to a risk-on mentality after Pakistan announced an agreement between the two nations and Donald Trump declared the oil [...]
Mark Kleinman: BP might do well to plug credibility gap with Soames June 11, 2026 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his City AM column BP might do well to plug credibility gap with Soames Now that the dust has begun to settle on Albert Manifold’s ousting as BP chairman, the mutual recriminations between the company and its erstwhile leader have begun [...]
Neil Woodford criticises BP board for ousting ‘shouty’ chairman May 30, 2026 Once-renowned investment manager Neil Woodford has criticised the BP board for ousting its ‘shouty’ chairman after less than a year in post. Woodford called out the oil giant’s board for removing Albert Manifold after just eight months in the job, noting that he is the third chairman the company has been through in three years, [...]
Burberry delays climate pledge by a decade to 2050 May 29, 2026 Burberry has pushed back its net zero target by a decade, becoming the latest blue-chip business to water down ambitious climate goals set in the wake of the coronavirus pandemic, City AM can reveal. The high-end fashion firm, known for its trench coats and tartan scarves, made the decision to delay its target to become [...]
‘Lies’ – Chaos at BP as sacked chair defends himself against ‘anonymous’ attacks May 28, 2026 Albert Manifold has dialled up his attack on his former employer BP, accusing the energy giant of lacking direction before he took the reins and denying the “lies” that have been told about him since his abrupt firing. In his second statement in as many days, BP’s ousted chair launched a staunch defence of his [...]
Mark Kleinman: Reeves revels in ring-fencing reform May 28, 2026 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his City AM column Reeves revels in ring-fencing reform Is Rachel Reeves about to rip up ring-fencing? It was a question I posed in this column just over a year ago. Now, we have an answer of sorts. The Chancellor’s announcement [...]
BP chair Manifold hits back at ‘false’ misconduct claims May 27, 2026 BP’s ousted chair has hit back at the group’s decision to fire him over governance issues, launching a robust defence of his short-lived tenure on the supermajor’s board and rejecting the “false narrative” surrounding his sudden departure. In a move poised to plunge the London-listed energy giant into a full-blown governance crisis, Albert Manifold defended [...]