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...Slashing corporation tax in a region that already enjoys better post-Brexit access to the EU than the rest of the UK would be a “hard sell” in Britain, said Lorraine Nelson, tax partner at consultancy BDO...
...Mandelson, a former Labour cabinet minister, is now co-owner of Global Counsel, an advisory firm that has served many big corporations including BP, Glencore, JPMorgan and TikTok, according to people familiar...
...A deal for BP’s scheme would likely set a new record, eclipsing the £6.5bn of pension liabilities that RSA agreed to transfer to the Pension Insurance Corporation in February....
...BP said it was a conducting “a thorough investigation” and “co-operating with investigations conducted by regulatory agencies.”...
...The Corporation and the Twentieth Century: The History of American Business Enterprise by Richard N Langlois Princeton $50/£42, 816 pages Sir Geoffrey Owen is a former editor of the FT Join our online...
...Corporations, meanwhile, get a chunk off their tax bill....
...Also, on Tuesday, BP reports first-quarter numbers, with analysts expecting strong growth in gas trading but weaker fuel margins....
...That is the pitch of businesses that increasingly tout themselves as one-stop shops for advice to major corporations. Welcome to the world of the everything adviser....
...But the bank said that “at first” it would apply those changes only to marketable debt issued by non-financial corporations. Reclaim Finance points out that this could be a big loophole....
...How Lyft had the ride of its Lyf This week someone at Lyft had a blip with bps....
...EPRI, an energy research organisation, appointed Vince Sorgi, chief executive of PPL Corporation, as chair of the board....
...This is particularly true of companies in the financial services sector and those corporations that have something like a debt restructuring or major deal activity on the agenda that requires a number cruncher...
...While it remains privately held, Trafigura has adopted some of the behaviours of a publicly listed corporation....
...Oil companies including BP, ExxonMobil, Chevron, Shell and TotalEnergies posted combined record profits of $200bn in 2022....
...The filing against PepsiCo, the world’s second-largest food company, is one in a swell of lawsuits brought by local authorities, consumer protection groups and non-profits against corporations about their...
...In the years since, it began making proposals at BP and Chevron, where in 2021 more than 60 per cent of shareholders backed a resolution to force the group to cut its carbon emissions....
...Howard, 20 years his senior, was also formerly Sony Corporation’s chair and chief executive, but Stringer rejects the inevitable suggestions of nepotism. “It’s not really a nepo-brother thing....
...Finally, one other thing: The husband of a BP employee has been charged with insider trading by the US Securities and Exchange Commission after he allegedly made illegal share purchases having overheard...
...Okray served as the CFO of Eaton Corporation and succeeds Anastasiya Pasterick, who left the role after six months....
...The UK raised corporation tax from 19 per cent to 25 per cent this year but last week made permanent a temporary measure that allows companies to reduce their tax bills by up to 25p for every £1 of investment...
...BP appointed Kate Thomson as its permanent chief financial officer on Friday....
...And: BP said it had dismissed Bernard Looney, its former chief executive, who would forfeit as much as £32.4mn in pay after committing “serious misconduct” related to failing to disclose past relationships...
...SMIC offered two versions of the 7nm process, the N+1 and the upgraded N+2. According to multiple people familiar with the situation, the Kirin 9000S chip is produced at N+2....
...The housebuilders are exposed mostly to the UK’s relatively benign corporation tax regime, so Barratt expects to in effect pay a rate that is a full 10 percentage points below BP’s for its full year....
...Their payments powered a 48 per cent surge in Ireland’s corporation tax receipts last year to almost €23bn....
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