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BP has spent $11.2bn (£7.1bn) cleaning up this summer's oil spill in the Gulf of Mexico, capping the broken well and compensating those affected by the disaster. On the day that American Bob Dudley takes over from Tony Hayward as chief executive, the oil giant said it has settled 44,000 of the 86,0
Read moreShares have got off to a strong start on the first day of the last quarter, with oil stocks setting the pace. BP is higher amid speculation that dividends will soon be resumed. Bob Dudley, who becomes chief executive of the oil company today, said that the board would meet soon to discuss restoring
Read moreBP may resume dividend payments early next year, according to new chief executive Bob Dudley. The American, who takes over from gaff-prone Tony Hayward today, said company bosses would be getting together soon to talk about plans for payouts, stopped earlier this year to save money following the Gu
Read moreLondon looks set to start the final quarter of 2010 in positive mood with sentiment lifted by hints from the incoming boss of oil giant BP that the company is ready to restore dividend payments that were suspended during the Gulf of Mexico crisis. Bob Dudley, who becomes chief executive of the oil
Read moreBP has given its strongest hint yet that it intends to reinstate the dividend that was halted to save cash after the Deepwater Horizon disaster. Bob Dudley, who becomes chief executive of the oil company today, said that the board would meet soon to discuss restoring payouts next year. The resumpt
Read moreA last hour slump sent Footsie into the red by the close of a roller-coaster day. The index had been over 50 points higher in mid-afternoon after US second quarter gross domestic product (GDP) was revised upwards to show a 1.7% quarterly increase. But the Dow turned down sharply soon after, draggin
Read moreThe oil sector is going well as crude prices advance. Big companies such as BP and Shell are wanted, while among smaller companies Shares in Bahamas Petroleum advanced after the oil group focused on the waters around the Caribbean country said it was continuing to make advances in its portfolio wh
Read moreFootsie closed a few points lower at the end of a dull day's trading that was overshadowed by continuing eurozone debt worries. Ireland was the focus of attention again. The rating agency Standard & Poors says the price of bailing out nationalised bank Anglo Irish could exceed $47bn. Banks Royal B
Read moreLeading shares remain mixed but with a lower bias as investors continue to fret over European debt issues. Debt-stricken Ireland is the focus of attention again. The rating agency Standard & Poors says the price of bailing out nationalised bank Anglo Irish could exceed $47bn. Banks Royal Bank of
Read moreFootsie is now in the red after a bright start, with European debt issues again clouding the mood. Debt-stricken Ireland is the focus of attention again. The rating agency Standard & Poors says the price of bailing out nationalised bank Anglo Irish could exceed $47bn. Banks RBS, Lloyds and Barclays
Read moreBP's incoming boss Bob Dudley today spelt out plans to overhaul the oil giant's global operations with an emphasis on safety ahead of his crowning ceremony on Friday. The 54-year-old American replaces Tony Hayward on 1 October following the gaff-prone Brit's unconvincing performance during the summ
Read moreBP is preparing a top-level reshuffle of its management ahead of Robert Dudley taking charge of the oil company this week. Mr Dudley, who will take over as chief executive of BP from Tony Hayward on Friday, is planning to remove several senior executives in company's exploration and production (E&P
Read moreThe International Monetary Fund backed the British Government's austerity plans yesterday and declared the economy to be "on the mend". In its first official verdict on the coalition's policies, the Washington-based IMF praised George Osborne's debt-cutting programme as "strong and credible" and s
Read moreThe number of home buyers fell at the sharpest rate in more than 18 months in September, dragging house prices down further, a report published today from property website Hometrack shows. Estate agents reported that demand from new buyers dropped by 2.9%, the biggest monthly decline since January
Read moreMichael Geoghegan is to step down as chief executive of HSBC at the end of the year, according to two people close to the bank's board. He will be replaced by Stuart Gulliver, head of the group's investment bank, the FT reports. At the same time, Douglas Flint will take over as chairman from Stephe
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