The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register 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: 510.40
Bid: 509.40
Ask: 509.50
Change: 0.00 (0.00%)
Spread: 0.10 (0.02%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 510.40
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
9 Apr 2024 07:24

BP sees higher Q1 upstream production

(Sharecast News) - Oil giant BP said it expected first-quarter upstream production to be higher than the previous three months.

Read more
5 Apr 2024 12:00

LONDON MARKET MIDDAY: Stocks drop on Israel-Iran tensions and Fed talk

(Alliance News) - Stock prices in London were firmly down at midday on Friday, as rising tensions between Israel and Iran alongside doubts around the timing of US interest rate cuts hurt investor sentiment.

Read more
5 Apr 2024 08:47

LONDON MARKET OPEN: Europe slumps on US rate worry and rising tensions

(Alliance News) - Stocks in Europe had a downbeat start to the day on Friday, with investors unnerved by rising geopolitical tensions and hawkish remarks from US central bankers.

Read more
4 Apr 2024 16:55

LONDON MARKET CLOSE: US initial jobless claims hotter than expected

(Alliance News) - Stock prices in London closed up on Thursday, as investors first digested words from US Federal Reserve Chair Jerome Powell overnight, before reacting to hotter-than-expected US initial jobless claims.

Read more
4 Apr 2024 11:58

LONDON MARKET MIDDAY: Stocks up as Fed chair calms some rate nerves

(Alliance News) - Stock prices in London were in the green on Thursday afternoon, with mining stocks powering the FTSE 100 higher, as investors digested words from Federal Reserve Chair Jerome Powell.

Read more
2 Apr 2024 23:07

Sector movers: Builders and REITS slip, geopolitics boost Big Oil and gold miners

(Sharecast News) - Personal Goods was at the bottom of the pile on the FTSE 350 at the start of the second quarter, as fashion retailer Burberry Group's shares fell back towards their five-year lows.

Read more
2 Apr 2024 16:57

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

(Alliance News) - The FTSE 100 took a hit on Tuesday, after a boost from London's miners and oil firms were not enough to lift the index.

Read more
2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

Read more
2 Apr 2024 11:00

Biden administration approves eighth US offshore wind project

WASHINGTON, April 2 (Reuters) - The U.S. Interior Department on Tuesday approved the country's eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes.

Read more
2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

Read more
2 Apr 2024 08:55

European oil stocks gain on expectations for higher demand, supply concerns

Read more
28 Mar 2024 10:00

How the oil industry is thriving despite Joe Biden's climate policies

GRAPHIC on Biden's oil boom: https://www.reuters.com/graphics/USA-BIDEN/OIL/lgpdngrgkpo/

By Nichola Groom, Jarrett Renshaw

Read more
27 Mar 2024 20:59

New England offshore wind auction draws multiple bidders

March 27 (Reuters) -

Read more
27 Mar 2024 12:47

Ithaca Energy gets bid rights on Eni's UK assets, profit slips

March 27 (Reuters) - Ithaca Energy has been given a four-week exclusivity period by Italy's Eni, to make an offer for UK exploration and production assets that could expand its output massively, the London-listed company said on Wednesday.

Read more
27 Mar 2024 09:01

Big Oil's climate planning not good enough, investor group says

Climate Action 100+ assessed 10 top oil companies

*

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.