Hints and tips:
...As chief executive, he oversaw the $54bn acquisition of BG Group, set Shell’s first climate targets and pushed the FTSE 100 group further into new areas such as biofuels, hydrogen and renewable power....
...So I don’t think the financial world is behaving irrationally. AM: I definitely take your point....
...Souki started Tellurian in early 2016 with Martin Houston, a former BG Group executive, with an aim to develop the Driftwood project on a 1,200-acre site along the Calcasieu river....
...After missing market expectations in October, a strong financial performance was needed to steady the ship, said Bernstein’s Clint....
...bg-aquarium.com/en...
...In 2015, before the BG deal completed, Shell sold 44mn tonnes of the fuel....
...British American Tobacco (BAT) continues to double down on global tobacco, having once flirted with UK financial services....
...Giacomo Romeo, at Jefferies, said Helge Lund, BP’s chair, may also be in the mix as a former chief executive of Norway’s Statoil (now Equinor) and BG Group....
...Souki began discussing the location with former BG Group executive Martin Houston in 2014, when he still led Cheniere. Cheniere advanced Houston’s company $46mn to begin buying land....
...In nine years in the top job, van Beurden oversaw the $52bn acquisition of BG Group, relocated the company’s headquarters to London and overhauled its strategy with a commitment to reduce oil production...
...But there is certainly a more positive mood, as evidenced in this week’s run of financial and corporate news....
...The financial rescue of Bulb has ballooned, with taxpayers on the hook for potentially hundreds of pounds per household....
...Gorman became chief financial officer in April following Uhl’s departure....
...In an interview with the Financial Times in July, van Beurden declined to discuss succession plans but talked extensively about his legacy....
...But a deal the size and impact of the BG takeover would be difficult, he said....
...Shell could store up its financial energy for large acquisitions within the renewable energy arena. Wind power specialist Orsted is but one of these with growing scale....
...This month Baillie Gifford cut its annual fee on the BG UK Alpha Fund from 0.55 per cent to 0.47 per cent and noted that this marks “the 15th occasion Baillie Gifford has reduced fees across one or more...
...“Given the support institutions like ours and the big banks received during the financial crisis, this was a time when we needed to lean in.”...
...Shell’s gas business, in which it has invested heavily following the $53bn acquisition of BG Group in 2016, will take the biggest impairment hit at $8bn to $9bn....
...BG: Thank you....
...But dividends are not the only attraction of a financial institution known for its wide diversity and flexibility of purpose....
...The present lack of unity among finance ministers in how to address the economic and financial fallout from the pandemic, is hardly a shock....
...In 2012 he left to head the board at oil company BG Group until its sale to Royal Dutch Shell in 2016....
...Last year the company launched a $25bn buyback programme, which it had promised after its $54bn acquisition of BG Group in 2016....
...BG Fund Management Luxembourg, Banca Generali’s subsidiary that was one of the beneficiaries of the redemptions, said the transactions were “processed in accordance to prospectus” and are “fully compliant...
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