BP chief executive’s pay falls 30% after failing to meet key targets

• 

  Museums defend BP sponsorship after firm abandons climate targets

  British Museum and Science Museum said BP’s decision to grow fossil fuel investment would not alter relationship. Business live – latest updates Two of Britain’s best-loved museums have been ...
  
  The Guardian - 6d

• G20 finance chiefs fail to agree joint communique after trade and climate clashes

  Inability to produce text will intensify questions over body’s relevance in era of waning US support for multilateral forums
  
  Financial Times - 6d
• 

  Wes Streeting to axe thousands of jobs at NHS England after ousting of chief executive

  NHS staff fear power grab by health department as health secretary looks to shrink body due to ‘duplication’ of roles. Wes Streeting will axe thousands of jobs at NHS England after his ousting of ...
  
  The Guardian - Feb. 25
• 

  BP expected to scrap renewables target in shift back to fossil fuels

  Goal of increasing renewable energy generation 20-fold to be ditched, shareholders to be told this week. BP is expected to ditch a target to ramp up renewable energy generation by 2030 as part of a ...
  
  The Guardian - Feb. 24
• 

  BP’s chief aims to more than double market value to $200bn

  Murray Auchincloss predicts ‘tremendous’ demand for oil and gas beyond 2050
  
  Financial Times - Feb. 27

• Fresh executive order targets sanctuary cities, federal aid for undocumented migrants

  The action marks Trump’s latest attempt to crack down on illegal immigration.
  
  Politico - Feb. 20
• 

  FTSE 350 on track to miss 40% target for female executives

  Government-backed review says pace of change in top roles has ‘slowed’ among UK’s biggest companies
  
  Financial Times - Feb. 25

• BP set a bonus target that didn’t even require earnings to grow. The CEO still didn’t earn it.

  BP’s under-fire chief executive was awarded no bonus from the company’s financial performance last year as his overall pay declined, the company said Thursday in its annual report.
  
  MarketWatch - 1h

• Key takeaways from Trump-Macron meeting

  Three years after Russia launched an unprovoked invasion of Ukraine, President Trump welcomed French President Emmanuel Macron to the White House. Erica Brown has details.
  
  CBS News - Feb. 24

More from Financial Times

• 

  ECB cuts interest rate to 2.5%

  Rate-setters shift tone, suggesting possible pause to reductions in borrowing costs
  
  Financial Times - 56m
• 

  How much does Brookfield really make?

  One of the world’s most complex financial conglomerates is attracting scrutiny for circular flows of cash involving its global property portfolio
  
  Financial Times - 9h
• 

  British politics has yet to catch up with Trump’s new order

  In a world without US security guarantees, all other priorities must give way to defence
  
  Financial Times - 2h
• 

  EU leaders in emergency meeting on region’s defence and Ukraine crisis

  Europe’s backing for Kyiv faces resistance from Orbán as Trump turns US-European relations on their head
  
  Financial Times - 4h
• 

  Air France-KLM targets ‘unbelievable’ spending of American travellers

  Surge in demand for premium leisure will help airline group boost profits, says chief Ben Smith
  
  Financial Times - 8h

More in Business

• European Central Bank cuts rates again, says policy is becoming 'meaningfully less restrictive'

  The ECB cut interest rates by 25 basis points and struck a more hawkish tone in its communication.
  
  CNBC - 8m

• Global bonds sell off as investors react to Trump's tariffs and a German 'paradigm shift'

  Government bonds were selling off all over the world on Thursday, with German borrowing costs hovering at multi-decade highs.
  
  CNBC - 10m

• Supermarket giant Kroger’s downbeat profit view reflects factors ‘outside our control’

  Kroger‘s fiscal 2025 projection falls short of analyst estimates as the latest big store chain to warn of headwinds.
  
  MarketWatch - 16m

• Trade deficit balloons to record high in January as companies scramble to import goods to avoid tariffs

  The U.S. international trade deficit widened 34% in January to $131.4 billion, the Commerce Department said Thursday. It’s the widest deficit going back to the start of the series in 1992.
  
  MarketWatch - 16m

• Macy’s stock falls as it cuts guidance in the face of ‘external uncertainties’

  The retailer said it’s taking a “prudent” approach to its outlook as it warns of a profit shortfall.
  
  MarketWatch - 22m