BP has warned of a looming oversupply of oil and gas as it moves to cut 700 positions across its workforce. The FTSE 100 energy giant plans to remove hundreds of “non-frontline”
BP (LON: BP) has removed Chair Albert Manifold with immediate effect, citing governance standards, oversight and conduct issues, less than eight months after he took office. Manifold’s dismissal marks the latest in
More
Britain has imposed a new package of sanctions targeting Russian-linked cryptocurrency platforms, banks and financial networks accused of helping Moscow bypass existing restrictions on its economy. The measures freeze the assets of
More
Geo Exploration Ltd (LON: GEX) has confirmed that its 2026 work programme at the Gorge project in Western Australia has officially begun, the London-listed company announced on Tuesday. The oil and gas
More
BP has removed Albert Manifold as chair and director with immediate effect, citing serious concerns over governance standards, oversight and conduct at the oil major. The BP board voted unanimously to remove
More
European stock indexes surrendered some of their recent gains on Tuesday after new US military strikes in southern Iran dampened investor hopes of an imminent peace deal between Washington and Tehran. Market
More
Kefi Gold and Copper (KEFI) has appointed Stifel as financial adviser, joint broker and sponsor for its planned move to the Main Market of the London Stock Exchange, the company confirmed on
More
Oakley Capital Investments (LON:OCI), the closed-ended fund providing access to private equity manager Oakley Capital Ltd, has committed up to £33 million toward the acquisition of a majority stake in Xtel Group.
More
The government faces mounting questions over its approach to welfare reform, with critics arguing Labour has positioned itself as the party of welfare rather than work. Alan Milburn, who served as health
More
Britain recorded its hottest day in May on Monday, with temperatures approaching 35 degrees Celsius, the Met Office confirmed, shattering long-standing national records. The temperature reached 34.8C (94.64F) at Kew Gardens in
More
US crude futures dropped more than 6% in early Asian trading on Tuesday after reports emerged that Washington and Tehran are discussing a framework to reopen the Strait of Hormuz. Nikkei reported
More