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BP's Managing Director Iain Conn has joined the board of BT Group as a Non-Executive Director with effect from June 1st. Conn has been with BP since 1986, during which time he served as Chief Executive for three years before taking up his current role in 2007. He will step down from the board of
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(For more market insights, including options activity, click on ; for the Day Ahead newsletter http://link.reuters.com/mex49s; for the Morning News Call newsletter, http://link.reuters.com/nex49s) U.S. stock index futures edged lower on Monday, on the heels of a record high for the S&P 500, fol
Read more* Shares in India's Reliance Industries Ltd rise 1.8 percent, adding to Friday's 5.7 percent gain, after KG-D6 block partner BP Plc highlighted recent discoveries in two blocks as "potentially commercial" in its annual report out on Thursday, dealers say. * BP did not provide any indication of th
Read moreWM Morrison is preparing to announce aggressive price cuts and 500m pounds of property sales this week, the Sunday Times reported. The price cuts aim to take on Aldi and Lidl, the German chains whose prices have lured MM Morrison customers. The £500m of property sales out of a total portfolio of £10
Read more* Shell has shed assets * Smaller firms like EOG have surged * Liquids more profitable * Wells ready if prices rise By Anna Driver and Eileen O'Grady HOUSTON, March 7 (Reuters) - Oil and natural gas pumped from North American shale has boosted the fortunes of smaller
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LONDON (Alliance News) - Online fashion retailer Boohoo.com, the latest UK retailer to firm up its initial public offering, has said it plans to raise GBP300 million in the AIM listing, giving it a higher-then-expected initial market capitalisation of GBP560 million.
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LONDON (Alliance News) - BP PLC Chief Executive Bob Dudley in 2013 was paid more than triple the amount he was paid in 2012, despite continuing legal threats over the Deepwater Horizon oil spill. The major oil and gas company said in its remuneration report that Dudley was paid USD8.7 milli
Read moreRobert de Groot, the head of foreign exchange trading at BNP Paribas, was suspended on Thursday. De Groot joined the Bank of England´s chief dealers´ group - a panel on which senior forex traders and Bank officials sit - in 2007. Said committee was thrust into the spotlight this week after Bank re
Read moreBy Ernest Scheyder HOUSTON, March 6 (Reuters) - Carbon regulations can be crafted to help offset climate change without "shutting down business in its tracks," U.S. Environmental Protection Agency Administrator Gina McCarthy said at a major energy conference on Thursday. "We don't hav
Read moreBy Tom Bergin and Brenda Goh LONDON, March 6 (Reuters) - Britain's Office for National Statistics says as many of the country's residents were born in Mauritius and Cyprus as in Russia. The fact British newspapers haven't coined Mauritian or Cypriot equivalents to "Londongrad" and "Mo
Read moreBy Lin Noueihed LONDON, March 6 (Reuters) - Oil and gas major BP said it had mothballed plans to explore in Libya's Ghadames basin because of security concerns, the latest in a series of companies to rethink their projects amid growing instability. Three years of turmoil since the Ara
Read moreBy David Sheppard and Peg Mackey LONDON, March 6 (Reuters) - Oil and gas major BP Plc more than tripled Chief Executive Bob Dudley's pay last year, the firm's annual report showed on Thursday, with cash and performance-related bonuses taking his total remuneration to $8.7 million. The pa
Read moreBy Alex Lawler LONDON, March 6 (Reuters) - BP Plc said regulators from the United States and Asia have asked it for information after the European Commission's started an investigation last year into suspected manipulation of oil prices. London-based BP, Europe's second-largest oil co
Read more* Gas output falling as poor returns, instability hold back investment * Trying to repay arrears, offer incentives to energy firms * Gas price negotiable, not pre-set, in new contracts, say firms By Lin Noueihed LONDON, March 6 (Reuters) - Egypt is enhancing exploration te
Read moreLONDON, March 6 (Reuters) - Royal Dutch Shell has become the second energy heavyweight to urge Scotland to stay in the United Kingdom as the campaign for Scottish independence battles mounting opposition from businesses. Shell is a key player in the North Sea oil and gas fields off Scotland
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