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The Latest Breaking News from Albert Manifold

BP to sell German oil refinery as part of $20bn cost-cutting plan

Energy company plans full return to London by moving global HQ to new development on South Bank

The Guardian - UK

BP’s new boss will take home at least £11.7m this year, more than double her predecessor

Meg O’Neill will be first woman to serve as CEO of 117-year-oil firm when joining from Woodside Energy in April

The Guardian - UK

BP to sell majority stake in $10bn Castrol business to US investment firm

Stonepeak will acquire 65% of lubricants business as part of wider plans for the oil company to pay down its debt

The Guardian - UK

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BP hires first female boss as chief executive steps down

Murray Auchincloss’s departure after less than two years follows the appointment of Albert Manifold as BP’s new chairman in July.

Evening Standard

BP hires first female boss after surprise departure of chief executive

The abrupt departure of Murray Auchincloss follows the appointment of Albert Manifold as BP’s new chairman

The Independent UK

Meg O'Neill becomes first female CEO of BP in its 116 year history as Auchincloss steps down

Auchincloss will serve in an advisory role until December 2026 “to ensure a smooth transition.”

Evening Standard

BP names Meg O’Neill as new CEO after incumbent ousted

O’Neill, who has led Woodside Energy since 2021, will be oil and gas company’s first female chief executive

The Guardian - UK

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Embattled BP replaces CEO, naming Woodside Energy chief as first-ever woman leader of a Big Oil giant

BP’s new American CEO is a global traveler who just helped an Australian energy player grow worldwide.

Fortune

Embattled BP beats on earnings as it touts selling oil, not cups of coffee, poking fun at its former CEO

BP has a long way to go, but its quarterly profits show the British oil giant is heading in the right direction.

Fortune

BP increases staff cuts to 6,200 and signals further possible reductions

The group said it was now axing more than the 4,700 roles and 3,000 contactor cuts announced at the start of the year.

Evening Standard

BP announces further staff cuts amid new AI policy

Chief executive Murray Auchincloss said AI was playing a key part in its overhaul

The Independent UK

Tesla’s UK sales fall almost 60% in July as BYD surges; Neil Woodford fined and banned over fund collapse – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

BP appoints new chair to oversee shift back to fossil fuels

Albert Manifold, ex-boss at buildings material company CRH, to take over from embattled Helge Lund

The Guardian - UK

BP appoints former CRH boss Albert Manifold as new chairman

Mr Manifold will join the oil giant as chairman-elect on September 1 before taking over from Helge Lund as chairman on October 1.

Evening Standard

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Evening Standard

FTSE 100 Live 21 July: Ryanair profits surge, BP appoints new chair

Mining stocks surged by as much as 4% today as the FTSE 100 index held its 9000 position at the start of a busy week for corporate earnings.

Barchart

1 'Strong Buy' Dividend Stock That Insiders Are Buying

The stock has had a strong showing in 2024, and one insider seems to believe it will continue.

Barchart

CRH Continues to Benefit From Infrastructure Spending. Stock Hits 68th 52-Week High. Time to Buy?

The Irish-based producer of building materials hit a 68th 52-week high in early Wednesday trading. Up 55% over the past six months, infrastructure spending could keep it moving higher, blowing through $100 in the process.

Fortune

It's coming home: CRH CEO says onshoring is inevitable

CRH CEO Albert Manifold on the drive to onshore the Dublin-based business.

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The Guardian - UK

Top UK CEOs handed 16% pay rise as millions of workers squeezed – as it happened

Data from the High Pay Centre thinktank showed FTSE 100 bosses collected an average £500,000 pay rise last year, taking their median pay to £3.9m

Daily Mirror

Top fatcat bosses around UK rake in average worker's yearly salary in just ONE day

The average chief executive of a FTSE 100 company is on £3.41million a year, according to a think tank. That equates to 103 times more than the £33,000 annual wage of a typical full-time worker

Daily Mirror

Meet Britain's 10 highest paid fat cats who pocketed more than £100m last year

That means they are now getting 109 times more in their wage slips than the typical British worker - up from 79 times in the previous year

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