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BP Vows ‘Fundamental Reset’ in Strategy as Profit Plunges
The energy giant was vague on details, but analysts say the changes is likely to include less spending on renewable sources and a bigger investment in oil and natural gas production.The New York Times - 1h -
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British oil major BP reports sharp drop in fourth-quarter profit, vows strategy reset
British oil major BP on Tuesday posted a sharp drop in fourth-quarter profit, pledging to "fundamentally" reset the embattled energy company's strategy.CNBC - 4h -
BP set to scale back green investments as profits drop sharply
The oil giant is widely expected to say it will scale back on renewables later this month.BBC News - 4h -
BP pledges ‘fundamental reset’ of strategy as profits sink
Chief executive Murray Auchincloss vows to boost performance after activist Elliott takes stakeFinancial Times - 10h -
Investors warn BP will face radical changes after Elliott takes stake
Activist could push for board changes, a New York listing and sale of assets, say shareholdersFinancial Times - 1d -
BP shares pop 7% after reports activist hedge fund Elliott has taken a stake in the struggling British oil major
BP shares jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the struggling oil major.CNBC - 1d -
BP is cheaper than its rivals. Now an activist investor has swooped in.
BP shares surged in early trade on Monday after the activist investor Elliot was reported to have taken a significant stake in the integrated oil giant.MarketWatch - 1d -
Activist hedge fund Elliott builds stake in struggling BP
US investor could force UK oil company to refocus on core fossil fuels business or even pursue a full break-upFinancial Times - 2d -
Cheaper e-bikes set for UK - but China tariff axe is 'kick in teeth for British firms'
British makers of e-bikes are worried after the government scraps tariffs on Chinese e-bikes .BBC News - 3d