We would love to hear your thoughts about our site and services, please take our survey 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: 523.10
Bid: 523.80
Ask: 524.00
Change: 0.60 (0.11%)
Spread: 0.20 (0.038%)
Open: 524.20
High: 530.60
Low: 521.00
Prev. Close: 523.10
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 3-Unilever appoints Nils Andersen as chairman, replacing Dekkers

Wed, 13th Nov 2019 07:31

* Dekkers to step down immediately, will stay as non-exec

* Andersen was previously CEO of Maersk and Carlsberg
(Adds details on Dekkers time at Unilever)

By Siddharth Cavale

Nov 13 (Reuters) - Unilever named Danish
businessman Nils Andersen as chairman on Wednesday, hoping his
experience of consumer goods and logistics will help the group
navigate a slowdown in its biggest markets and re-energise its
foods business.

Andersen, a non-executive director on Unilever's board since
2015, comes in alongside Scotsman Alan Jope who took over as CEO
earlier this year. He replaces Marijn Dekkers, who is standing
down after more than three years as chairman.

Jope wants to carve out more market share for Unilever's
foods, but faces a challenge in low-growth categories like tea,
bouillon, mayo and condiments. Unilever has changed internal
leadership of foods twice in the last two years, but sales still
remain muted in the business known for Hellmann's mayonnaise and
Magnum ice-cream.

He also faces signs of a slowdown in India and China, two of
the company's biggest markets. The Sino-U.S. trade war and
sluggish domestic consumption are weighing on China's economy
and irregular monsoons have curbed rural spending in India.

Andersen, 61, joined Unilever after heading shipping giant
AP Moller Maersk A/S and brewer Carlsberg A/S
.

At Maersk, where he served as CEO between 2007 and 2016, he
was credited with bringing customer centricity and exceeding
international growth targets, but the stock price fell a third
during his tenure and the board decided to steer the old
conglomerate in a new direction.

At Carlsberg, where he ran the company since 2001, the share
price doubled in the two years before he moved to Maersk.

His predecessor at Unilever, Marijn Dekkers, who is founder
and chairman of investment and advisory firm Novalis
LifeSciences, will remain on the board as a non-executive
director.

Dekkers became a target of investor ire last year for trying
to consolidate the Lipton tea maker's dual headquarter structure
in Rotterdam, dropping London.

The plan, devised with Unilever's former Dutch CEO Paul
Polman, was scrapped after shareholders opposed the move on
fears it could remove one of UK's best known companies from the
benchmark FTSE 100 index.

Unilever's shares have risen 12% so far this year, outpacing
the broader FTSE 100's 9% rise. The stock was up 0.6% at 4,622
pence in afternoon trading.

Andersen currently is part of Unilever's audit committee and
serves as chairman of Dutch paint company Akzo Nobel NV
and privately held Danish retailer Salling Group A/S.
He is also a non-executive director at BP.

He intends to step down from his roles at BP and Salling
Group A/S in March 2020, the company said on Wednesday.
(Reporting by Siddharth Cavale and Tanishaa Nadkar in Bengaluru
and Stine Jacbosen in Copenhagen; Editing by Bernard Orr &
Elaine Hardcastle)

More News
Today 00:46

Trans Mountain oil shippers raise concerns about risk of delay to full service

April 23 (Reuters) - Some shippers on Canada's Trans Mountain expansion project are raising concerns that the long-delayed oil pipeline will not be fully in service by its projected start date of May 1, according to a letter to the Canada Energy Regulator on Tuesday.

Read more
23 Apr 2024 22:32

Ithaca Energy snaps up Eni's UK assets in $940 million North Sea deal

April 23 (Reuters) - Ithaca Energy has agreed to buy nearly all of Eni's UK-based oil and gas producing assets for about 754 million pounds ($938.28 million) in stock, as it looks to become one of the biggest independent energy companies in the North Sea.

Read more
18 Apr 2024 14:45

BP's gas and renewables boss steps down, as CEO shrinks leadership

LONDON, April 18 (Reuters) - BP said on Thursday its head of natural gas and low carbon energy Anja-Isabel Dotzenrath will step down after just over two years, while CEO Murray Auchincloss announced plans to simplify its management structure.

Read more
18 Apr 2024 14:12

UK shareholder meetings calendar - next 7 days

Friday 19 April 
Murray International Trust PLCAGM
Quantum Exponential Group PLCGM re delisting or potential investment in company
Monday 22 April 
Renalytix PLCGM
Travis Perkins PLCAGM
Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
AFC Energy PLCAGM
Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
Hikma Pharmaceuticals PLCAGM
International Biotechnology Trust PLCAGM
London Stock Exchange Group PLCAGM
Manx Financial Group PLCAGM
Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
Relx PLCAGM
Schroders PLCAGM
Smithson Investment Trust PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
18 Apr 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 up despite hawkish Fed rates outlook

(Alliance News) - Stock prices in London were higher on Thursday afternoon, despite the prospect of higher for longer US interest rates hanging over stocks.

Read more
18 Apr 2024 09:04

IN BRIEF: BP trims executive team in operational restructuring

BP PLC - London-based oil and gas major - Announces organisational restructuring. Intends to keep its three businesses - production & operations, gas & low carbon energy and customers & products - enabled by trading & shipping. Plans to integrate the current regions, corporates & solutions organisation into the businesses and functions. BP will now be supported by five functions: finance; technology; strategy, sustainability & ventures; people & culture; and legal. BP explains these changes will "reduce duplication and reporting line complexity".

Read more
18 Apr 2024 08:11

BP cuts size of executive team, shakes up structure

(Sharecast News) - BP has trimmed its executive team as part of a shake-up of its organisational structure, it was confirmed on Thursday.

Read more
17 Apr 2024 18:58

Shell urges investors to reject shareholder group's climate demands

LONDON, April 17 (Reuters) - Shell on Wednesday urged shareholders to vote against an independent resolution, co-filed by a group of 27 investors, that called on the energy company to set tighter climate targets.

Read more
17 Apr 2024 17:36

Sustainable Finance Newsletter - Republican AGs look to limit climate groups

April 17 (Reuters) - In prior newsletters I have reported on the ongoing review by U.S. energy regulators of top asset managers' big utility holdings.

Read more
17 Apr 2024 13:55

Shell urges investors to reject shareholder group's climate demands

LONDON, April 17 (Reuters) - Shell on Wednesday urged shareholders to vote against an independent resolution, co-filed by a group of 27 investors, urging the energy company to set tighter climate targets.

Read more
17 Apr 2024 10:38

Carbon Done Right advances Sierra Leone rewilding project

(Alliance News) - Carbon Done Right Developments Inc on Wednesday said it has received the fourth disbursement of financing for its reforestation project in West Africa.

Read more
15 Apr 2024 17:10

LONDON MARKET CLOSE: Investors show nerves after Iran launches drones

(Alliance News) - Stock prices in London closed down on Monday, as tensions in the Middle East weighed on investors, with resources sliding as commodity prices fell.

Read more
15 Apr 2024 15:39

London close: Stocks slip on renewed geopolitical tensions

(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.

Read more
15 Apr 2024 11:56

LONDON MARKET MIDDAY: Oil falls despite rising Iran-Israel tensions

(Alliance News) - London's FTSE 100 was down at midday on Monday, as oil majors BP and Shell were hurt by falling prices, with investors showing caution following Iran's strikes on Israel over the weekend.

Read more
15 Apr 2024 08:59

LONDON MARKET OPEN: FTSE 100 falls as oil lower despite Iran strikes

(Alliance News) - Stock prices in London opened lower on Monday, with a decline in oil prices sending Shell and BP lower, in a cautious start to the week following Iran's strikes on Israel over the weekend.

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.