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Share Price: 502.30
Bid: 501.70
Ask: 501.80
Change: -2.70 (-0.53%)
Spread: 0.10 (0.02%)
Open: 507.60
High: 510.70
Low: 501.40
Prev. Close: 505.00
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BP's Hayward Must Face Lockerbie Questions -Sen Menendez

Thu, 29th Jul 2010 15:28

WASHINGTON (AFP)--A U.S. senator angrily pressed BP Plc (BP) chief Tony Hayward on Thursday to make time in September to face a congressional probe into the oil giant's alleged role in the Lockerbie bomber's release. Democratic Senator Robert Menendez slammed Hayward's comment to reporters that he had ducked a key senate panel's hearing--indefinitely postponed from Thursday because key witnesses declined to appear--because he was too "busy." "It must be nice to be too 'busy' negotiating a multi-million-dollar golden parachute to ignore a U.S. Senate hearing examining whether Mr. Hayward's company traded blood for oil," Menendez said in a statement. "Frankly, I have no sympathy about the pace of Mr. Hayward's schedule, and I will formally ask him to provide a date in September that perhaps isn't so hectic," said the senator, who represents New Jersey. Menendez complained that BP had offered to send "a lower-ranking official with no particular knowledge of the company's talks with Libya to testify" and called that "a way to avoid providing the answers we need." And he blasted Hayward for telling reporters at the company's London headquarters this week that BP's response to the devastating Gulf of Mexico oil spill had been a "model of good social corporate responsibility." "A company that believes it is a 'model' of corporate social responsibility would agree that it is socially responsible to give full answers to the public and the victims' families," said Menendez. Menendez had been set to chair a Senate Foreign Relations Committee hearing on BP's alleged role in Scotland's decision last August to release Abdelbaset Ali Mohmed al-Megrahi, the only man convicted over the 1988 Lockerbie bombing that killed 270 people--most of them Americans. Authorities freed Megrahi on compassionate grounds after being assured he was suffering from terminal cancer and had three months to live--but nearly a year later, he is alive in his native Libya. The Senate hearing had been set to examine whether BP had improperly lobbied for Megrahi's release to safeguard a $900 million oil exploration deal with Libya. The oil giant and British and Scottish officials have denied the charge. (END) Dow Jones Newswires July 29, 2010 10:28 ET (14:28 GMT)
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(OFFICIAL)-Foreign investment in Germany reaches new record

BERLIN, May 14 (Reuters) - Foreign companies announced record levels of new investment in Germany last year despite the economic downturn and high energy prices, according to an analysis published on Tuesday by the federal development agency Germany Trade and Invest (GTAI).

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9 May 2024 15:51

UK dividends calendar - next 7 days

Friday 10 May 
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Tufton Oceanic Assets Ltddividend payment date
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OSB Group PLCdividend payment date
Rathbones Group PLCdividend payment date
Uniphar PLCdividend payment date
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Balfour Beatty PLCex-dividend payment date
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9 May 2024 13:53

IN BRIEF: IP Group joins USD111 million financing round for Hysata

IP Group PLC - invests in companies pursuing breakthrough science - Portfolio company Hysata Pty Ltd completes USD111.3 million series B funding round. Hysata is developing electrolysers to produce green hydrogen efficiently. It will use the fresh cash to advance product development and expand production capacity at its manufacturing facility in Wollongong, New South Wales, Australia, as it focuses on "reaching gigawatt scale manufacturing". The funding round, which Hysata calls "the largest series B in Australian clean tech history", is led by bp Ventures, part of oil major BP PLC, and private equity firm Templewater Ltd, a spin-off from Investec PLC.

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9 May 2024 10:26

Balfour Beatty says trades in line amid "progress" on pacts

(Alliance News) - Balfour Beatty PLC on Thursday said it has traded in line with expectations so far in 2024, as it makes progress on major deals.

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9 May 2024 09:53

LONDON BROKER RATINGS: NatWest target raised, other lenders backed

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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8 May 2024 13:19

Middle East Crude-Benchmarks fall, snapping two-day streak

SINGAPORE, May 8 (Reuters) - Middle East crude benchmarks Dubai, Oman and Murban fell on Wednesday after rising for consecutive days after Saudi Aramco and ADNOC raised official selling prices (OSPs) for term supplies in June.

8 May 2024 13:06

BP softens tone on 2030 oil output cut to reassure investors

LONDON, May 8 (Reuters) - BP softened the language on its pledge to cut its 2030 oil and gas output in an effort to reassure investors over its energy transition strategy and narrow a gaping value gap with rivals.

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7 May 2024 17:30

UK's FTSE 100 notches record closing high in broad rally

FTSE 100 up 1.2%, FTSE 250 adds 1.2%

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7 May 2024 16:32

London close: Stocks jump on return from long weekend

(Sharecast News) - London markets closed on a high note on Tuesday, as the top-flight index surged to record highs, buoyed by positive momentum from the US and European markets.

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7 May 2024 16:08

BP profit slides by 40% as refinery outage offsets higher output

First-quarter underlying profit $2.7 bln vs forecast $2.87 bln

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7 May 2024 12:00

LONDON MARKET MIDDAY: Stocks buoyed by local data, strong US equities

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7 May 2024 09:09

LONDON MARKET OPEN: Stocks track global equities rise while BP falls

(Alliance News) - Stock prices in London opened up on Tuesday, tracking European markets in reaction to New York stocks extending their rally on weaker US jobs data, while markets reopened in London after a bank holiday on Monday.

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7 May 2024 08:51

TOP NEWS: BP keeps up pace of share buybacks despite profit decline

(Alliance News) - BP PLC on Tuesday launched a fresh share buyback, despite a drop in first-quarter profit due to lower oil and gas prices and weaker fuels margins.

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7 May 2024 07:02

BP in $1.75bn buyback as Q1 profits fall on weaker prices, margins

(Sharecast News) - BP reported a worse-than-expected fall in first-quarter profit on the back of lower oil and gas prices, an outage at a US refinery and "significantly weaker" fuels margins as it also started a $1.75bn share buyback.

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Shell to exit South Africa's downstream businesses

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