Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 469.80
Bid: 469.75
Ask: 469.85
Change: -0.70 (-0.15%)
Spread: 0.10 (0.021%)
Open: 468.40
High: 472.45
Low: 468.15
Prev. Close: 470.50
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Majority of FTSE 100 chairmen oppose Scottish independence -poll

Mon, 24th Feb 2014 13:04

LONDON, Feb 24 (Reuters) - A majority of FTSE 100 chairmenoppose Scottish independence as they fear splitting up would bebad for British business and dilute the UK's economic influence,according to a survey on Monday as the debate over independenceintensifies.

The poll by executive search firm Korn Ferry found 65percent of chairmen of 32 FTSE 100 companies said it would bebad for business if Scotland ended its 307-year union withEngland while 24 percent saw it as good or very good.

Commenting on a "Yes" vote for independence, one chairmansaid it would be "particularly bad for the Scots, not good forthe English and would dilute the UK's economic influence".

The survey was released as an increasing number of businessleaders take sides or point out risks ahead of the independencevote on Sept. 18.

Debate has lately focused on whether an independent Scotlandcould keep the pound and stay in the EU.

Latest opinion polls show separatists still trailing inpublic support but gaining ground, with UK government officialswarning against complacency.

The first major business leader publicly to oppose Scottishindependence was Bob Dudley, head of Britain's second-biggestoil company BP who warned over the uncertainties thatcould come with Scottish independence.

But Scotland's First Minister Alex Salmond pointed out onMonday that BP was continuing to invest in the North Sea.

RBS, Bank of Scotland-owner Lloyds Banking Group and other major financial institutions based inEdinburgh have begun contingency planning in the event of a votefor independence, as reported by Reuters.

A previous survey by Korn Ferry and the British RetailConsortium found 33 retail chairmen were "consistently negative"about Scottish independence, concerned about possible impact ofnew employment and pension laws and rising supply chain costs.

Outgoing chief executive of supermarket Sainsbury, JustinKing, has warned independence could lead to higher food prices.

The Korn Ferry poll, taken from its latest Boardroom Pulsesurvey, also found an overwhelming majority of chairmen, 98percent, did not think a EU referendum would result in the UKleaving the bloc, up from 81 percent in a survey last March.

It found the number of chairmen who saw leaving the EU asbad for business had risen to 86 percent from 74 percent.

"The chairmen of our largest companies have spoken out infavour of keeping the Union and staying in the EU. They believethis is in the best interests of British business and the widereconomy," said Korn Ferry spokesman Dominic Schofield.

More News
8 Jan 2024 16:59

LONDON MARKET CLOSE: Stocks mixed as eyes on US inflation data

(Alliance News) - Stock prices in London closed mixed Monday, with oil majors holding down higher gains in the FTSE 100 index.

Read more
8 Jan 2024 16:38

London close: Stocks manage positive finish after mixed session

(Sharecast News) - London's financial markets experienced a mixed trading day on Monday, with the FTSE 100 and FTSE 250 indices closing in positive territory after spending much of the session in the red.

Read more
8 Jan 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 underperforms in muted start to week

(Alliance News) - Stock prices in London traded lower at the start of the week, with oil firms weighing on then FTSE 100, as investors look ahead to the week's key inflation prints.

Read more
8 Jan 2024 08:40

LONDON MARKET OPEN: Commodity-heavy FTSE 100 heads lower; Shell slips

(Alliance News) - The FTSE 100 kicked off the week on a downbeat note at Monday's market open, amid share price falls for commodity stocks.

Read more
6 Jan 2024 12:29

BP investors want oil firm to approach BAE chief as CEO- Sky News

Jan 6 (Reuters) - Some of BP's largest shareholders have urged the company to approach BAE Systems Chief Executive Charles Woodburn about becoming the British oil giant's next boss, Sky News reported on Saturday, citing unidentified sources.

Read more
6 Jan 2024 11:38

BP investors want oil behemoth to target BAE chief as CEO- Sky News

Jan 6 (Reuters) - Some of BP's largest shareholders have urged the company to approach Charles Woodburn, the BAE Systems chief executive, about becoming the company's next boss, Sky news reported on Saturday. (Reporting by Devika Nair in Bengaluru; Editing by Jan Harvey)

Read more
4 Jan 2024 16:54

LONDON MARKET CLOSE: Stocks up ahead of US nonfarm payrolls

(Alliance News) - Stock prices in London closed higher on Thursday, as investors eye the latest US non-farms data.

Read more
4 Jan 2024 13:07

London close: Stocks rise as US jobless claims slow

(Sharecast News) - London markets showed mixed performance on Thursday as investors digested the latest UK services and mortgage data and a fall in jobless claims across the pond.

Read more
4 Jan 2024 12:09

LONDON MARKET MIDDAY: Retailers Next and JD Sports bookend FTSE 100

(Alliance News) - Stock prices in London were slightly higher at midday on Thursday, with the FTSE 100 looking set to snap the two-day losing streak it suffered at the start of the year.

Read more
4 Jan 2024 09:31

LONDON BROKER RATINGS: Jefferies cuts Tullow; Berenberg likes Volex

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

Read more
4 Jan 2024 08:58

LONDON MARKET OPEN: Next leads buoyant FTSE 100 amid services PMIs

(Alliance News) - Stock prices in London opened up on Thursday, amid a slew of services PMI data, including for the UK, while reacting to the latest data from China.

Read more
3 Jan 2024 18:37

Equinor, BP cancel contract to sell offshore wind power to New York

Jan 3 (Reuters) - European energy firms Equinor and BP terminated their agreement to sell power to New York state from their proposed Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues.

Read more
3 Jan 2024 17:02

Equinor and BP cancel contract to sell offshore wind power to New York

Jan 3 (Reuters) - Equinor and BP terminated on Wednesday their agreement to sell power to New York state from their 1,260-megawatt Empire Wind 2 offshore wind farm, citing rising inflation, higher borrowing costs, and supply chain issues.

Read more
3 Jan 2024 16:52

LONDON MARKET CLOSE: Stocks down ahead of US Fed minutes

(Alliance News) - Stock prices in London closed lower on Wednesday, as investors nervously look ahead to the latest US Federal Reserve meeting minutes.

Read more
3 Jan 2024 08:18

Chill Brands plots product launches and looks to ease regulatory worry

(Alliance News) - Chill Brands Group PLC on Wednesday said its vape products will soon launch in retail stores, including WH Smith PLC travel locations, and it reported a trio of initiatives to help soothe regulatory scrutiny.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.