BP shares down: What is going on at the oil giant? Energy Once-dominant energy giant BP is running on empty as it curbs shareholder payouts and unveils fresh attempts to bolster its balance sheet. The London-based oil baron announced in its final results on Tuesday that it has suspended its share buyback programme and increased its cost-cutting goal as it looks to reverse its fortunes in the [...]
BP shares slide as suspends share buybacks and increases cost-cutting goal Business Energy giant BP has suspended its share buyback programme and deepened its cost-cutting target, as it scrambles to bolster its balance sheet amid the anticipation of a weaker oil price. In its final results, the company said the decisions were taken to allow it invest in its oil production business and “fully allocate excess cash” [...]
Mark Kleinman: South East Water’s excuses have run dry Business Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column South East Water’s excuses have run dry How the water industry could do with the raising of a Mervyn King eyebrow. While governor of the Bank of England in 2012, Lord King defenestrated Bob Diamond as [...]
Shell chief reportedly set for £4.5m pay boost February 4, 2026 The boss of Shell will reportedly receive a multimillion-pound remuneration incentive, with the firm poised to reveal a new boardroom pay policy. According to reports, the firm’s chief executive Wael Sawan would pocket at least £4.5m more each year. Sky News‘ Mark Kleinman has reported that investor sources have revealed a long-term incentive stock reward [...]
BP shares fall as net zero plans trigger hit of up to $5bn January 14, 2026 Oil giant BP has warned it will take a hit of up to $5bn in the final quarter of 2025 as the value of green energy projects withered. The FTSE 100 firm said it expects a write-down of between $4bn and $5bn (£3.7bn), as it rethinks its strategy for transition assets and partnerships in the [...]
Shell and BP shares sink as China slams ‘bully’ US over oil dispute January 7, 2026 Shares in FTSE 100 oil giants took a tumble on Wednesday as President Donald Trump ramped up the pressure on Venezuela to hand over oil. Shell had sunk near four per cent by midday to 2,644.7p whilst BP was down 3.5 per cent to 416.65p. The losses in the oil giants – which make up [...]
FTSE 100 Live: Reeves faces MPs grilling, blue-chip stocks fall November 4, 2025 Welcome back to City AM live blog, This morning, Rachel Reeves took to Downing Street to lay the grounds for the Autumn Budget. In a speech that raised eyebrows across the City, she attempted to offshore the blame for the country’s economic woes to the previous Conservative government. The Chancellor laid out the economic choices [...]
FTSE 100 Live: OpenAI plots IPO, Shell kicks off $3.5bn buyback October 30, 2025 Good morning from the City AM liveblog team. The war of words between banks and private credit ratcheted up on Wednesday, after a trio of bosses from private lenders rounded on claims their industry played a pivotal role in a string of recent debt-related collapses, branding it “misinformation”. During a fiery evidence session in the [...]
FTSE 100 seals best quarterly rise since 2022 September 30, 2025 The FTSE 100 has net its best quarterly rise since 2022 as the index shrugged off geopolitical tensions to storm to record highs. London’s blue-chip index clawed back morning losses to seal a 0.54 per cent gain at 9350.43. A batch of risers managed to offset losses from market heavyweights. Pest control firm Reckitt and [...]
Spotlight turns to FTSE 100 clients of Peter Mandelson’s advisory firm after government sacking September 12, 2025 After Peter Mandelson’s dramatic ousting from government over his close relationship with paedophile Jeffrey Epstein, the firms that chose to partner with his consultancy Global Counsel have come under the spotlight. More than two dozen major corporations hired Global Counsel to conduct lobbying services over the past two years, disclosures from the Office of the [...]