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...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....
...Corporation”.Five years later an explosion at the company’s Deepwater Horizon platform in the Gulf of Mexico killed 11 workers and injured 17, resulting in the worst oil spill in American history....
...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....
...All eligible assets from Glencore, as well as those from oil and gas companies Repsol, BP and Shell, were issued by their financial subsidiaries, effectively exempting them from the ECB’s proposed limit....
...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....
...But these days chief financial officers are also increasingly tapped for the chief executive role — from Margherita Della Valle at Vodafone to Murray Auchincloss at BP who both got the top job at a time...
...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....
...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...
...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...
...Okray served as the CFO of Eaton Corporation and succeeds Anastasiya Pasterick, who left the role after six months....
...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...
...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....
...The China National Offshore Oil Corporation’s budget increased 30 per cent from Rmb72bn to Rmb94bn over the same period....
...And its US push has been bolstered by a $3.4bn acquisition of Firestone Building Products from Japan’s Bridgestone Corporation in 2021. It is hard to ignore the corporate finance case for the move....
...H2O Asset Management hit with investor lawsuit claiming €700mn losses (FT) Electric scooter rental pioneer Bird files for bankruptcy (FT) Germany moves to seize €720mn of Russian group’s assets (FT) BP...
...Many corporations in the US and western Europe have endorsed liberal, inclusive policies because they believe in them or as an inexpensive means of appearing progressive....
...One thing to start: BP has denied to senior staff that the board was “unduly harsh” in its decision to claw back millions of pounds in pay from Bernard Looney, in a move that underscores unease over the...
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