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...craft a strategic plan B....
...Last year, Aramco acquired a 10 per cent stake in Shenzhen-listed Rongsheng Petrochemical for $3.6bn and entered a venture with two other Chinese companies to build a 300,000 b/d refinery and petrochemicals...
...Since the judgment of Oliver Wendell Holmes in a 1903 US supreme court dispute about circus poster designs, companies have also grabbed rights as “authors” — and made billion-dollar fortunes from that fiction...
...Kingfisher, owner of the B&Q, Screwfix and Castorama DIY chains, has warned that profits will fall again this year, after a 25 per cent drop in the year to January....
...Garnier, who has been spearheading a turnaround of the company, said the group had identified around a third of its Castorama stores as the lowest-performing as part of a push to right-size and modernise...
...Gideon discusses the history of international humanitarian law since the first world war with Boyd van Dijk, a historian at Oxford university and author of a recent book, Preparing for War - The Making of...
...The author was neither “authorised” nor censored, but had access both to company archives and private letters and diaries....
...No mention of the B-word, then....
..., the company said in an announcement....
...“We need to recognise that Londoners now face lethal risks, and a step change is needed,” said Boyd. “In the absence of national leadership, regional government has a more significant role to play....
...The annual jamboree is produced by Jay-Z’s entertainment company Roc Nation. The R&B singer has the stature for the marquee event....
...The IEA now predicts that oil demand will increase by 1.2mn barrels per day (b/d) this year, a 130,000 b/d reduction on its previous monthly forecast....
...Barbour’s tenure on the board of Liontrust was the subject of a row last March, with fellow board members Emma Howard Boyd and Quintin Price resigning with immediate effect....
...That is in line with current market expectations given that a default at Kemble earlier this month sent the price of a second-ranking “Class B” bond plunging to little over half of its face value....
...The company produced an average of 10.7mn b/d of crude oil and other liquids last year, down from 11.5mn b/d in 2022....
...The group of senior class A and subordinate class B bonds are securitised at the operating companies....
...US production rose by roughly 1.5mn b/d to a record 13.5mn b/d in 2023 while that of Iran increased to an average of roughly 3.9mn b/d from about 3mn b/d a year earlier, said Claudio Galimberti, North America...
...As a result, Saudi Aramco is currently producing about 9mn b/d, down from an average of 10.2mn b/d in the first three months of 2022....
...In the electrical power sector alone, more than 90 per cent of expenditure is projected to come from private companies, according to Inter B....
...The IEA predicts oil demand will grow by 1.2mn b/d, about half the pace of 2023, while Opec believes demand growth will be higher at 2.2mn b/d....
...This is captivating, disquieting prose, deftly captured in David Boyd’s translation....
...The £1.3bn of so-called class B debt, which is still inside the ringfence but has a lower-ranking claim on the company’s cash flows, could be hit with even deeper 35-40 per cent impairments....
...The retailer, which owns the DIY chain B&Q in the UK and Castorama in France, said on Tuesday that pre-tax profits for the year would be £590mn, below a previous target of £634mn....
...They need a plan B and a plan C,” said Patricia Lenkov, an expert on corporate governance and succession.No company wants to deal with the ramifications of disaster successions such as Microsoft’s in 2013...
...Fitch Ratings downgraded Vanke in October from triple B plus to triple B, citing weaker than expected sales....
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