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
6 Feb 2024 12:10

LONDON MARKET MIDDAY: BP tops FTSE 100 index on buyback promise

(Alliance News) - The FTSE 100 was higher at midday Tuesday, despite lingering unease in equity markets on US interest rate worries, while BP led the way among London's large-caps as it announced a buyback plan.

Read more
6 Feb 2024 09:04

TOP NEWS: BP promises buybacks and hikes dividend despite profit fall

(Alliance News) - BP PLC on Tuesday reaffirmed it is sticking to its commitment to share buybacks despite reporting a profit decline amid a fall in oil prices.

Read more
6 Feb 2024 08:53

LONDON MARKET OPEN: BP jumps after unveiling share buyback

(Alliance News) - The FTSE 100 in London opened higher on Tuesday, with oil major BP at the top of the index, thanks to its new share buyback programme.

Read more
6 Feb 2024 07:47

LONDON BRIEFING: BP promises buyback despite drop in profit

(Alliance News) - Stocks in London are called to open higher, ahead of a slew of construction purchasing managers' index readings from the eurozone, the UK and Germany.

Read more
6 Feb 2024 07:02

BP unveils $1.75bn buyback as 2023 profits halve on weaker oil price

(Sharecast News) - Shares in BP surged on Tuesday as the energy giant announced a $1.75bn share buyback despite a slump in annual profits as oil prices fell during 2023 from the spike caused by Russia's invasion of Ukraine.

Read more
2 Feb 2024 17:12

LONDON MARKET CLOSE: Stocks mixed as US jobs data dashes rate cut hope

(Alliance News) - Stock prices in London closed mixed, after hotter-than-expected US jobs data hit already precarious investor sentiment and all but ensured the Federal Reserve will not be cutting interest rates next month.

Read more
2 Feb 2024 13:14

BP appoints Kate Thomson as its permanent finance chief

(Sharecast News) - BP announced the appointment of Kate Thomson as its new, permanent chief financial officer on Friday, effective immediately.

Read more
2 Feb 2024 12:27

TOP NEWS: BP promotes Kate Thomson as permanent finance chief

(Alliance News) - BP PLC on Friday named Kate Thomson as its permanent chief financial officer, after being in the interim role since September.

Read more
2 Feb 2024 12:09

LONDON MARKET MIDDAY: Airlines up but oil falls on Middle East talks

(Alliance News) - Stock prices in London were higher at midday Friday, ahead of the afternoon's US jobs data, as earnings from tech behemoths overnight lifted investor morale.

Read more
2 Feb 2024 08:54

LONDON MARKET OPEN: European stocks lifted on Wall Street's gains

(Alliance News) - Stock prices in London opened higher on Friday, closing of a busy week of monetary policy decisions.

Read more
1 Feb 2024 17:03

LONDON MARKET CLOSE: Stocks down on hawkish BoE interest rates hold

(Alliance News) - Stock prices in London closed down on Thursday after the Bank of England left interest rates on hold in a split decision that was hawkish on expectations of rate cuts.

Read more
1 Feb 2024 12:22

LONDON MARKET MIDDAY: BoE keeps bank rate on hold in split decision

(Alliance News) - London's FTSE 100 was on the up on Thursday afternoon after the Bank of England left interest rates on hold on Thursday, in a split decision.

Read more
1 Feb 2024 10:06

New UK oil and gas exploration licences approved in the North Sea

(Alliance News) - The UK's oil and gas regulator has awarded 24 new exploration licences to 17 separate companies in a move that has been welcomed by a trade body but condemned by climate campaigners.

Read more
1 Feb 2024 08:50

LONDON MARKET OPEN: Shells begins USD3.5 billion buyback; eyes on BoE

(Alliance News) - Stock prices in London opened mixed, ahead of the Bank of England's first interest rate decision of the year.

Read more
30 Jan 2024 15:28

UK earnings, trading statements calendar - next 7 days

Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Thursday 1 February 
Airtel Africa PLCTrading Statement
AG Barr PLCTrading Statement
BT Group PLCTrading Statement
Cranswick PLCTrading Statement
Gem Diamonds LtdTrading Statement
Glencore PLCTrading Statement
JTC PLCTrading Statement
Rank Group PLCHalf Year Results
Shell PLCFull Year Results
TClarke PLCTrading Statement
Friday 2 February 
YouGov PLCTrading Statement
Monday 5 February 
Home REIT PLCTrading Statement
Porvair PLCFull Year Results
Trident Royalties PLCTrading Statement
Vodafone Group PLCTrading Statement
Tuesday 6 February 
Alumasc Group PLCHalf Year Results
BP PLCFull Year Results
Filtronic PLCHalf Year Results
Mattioli Woods PLCHalf Year Results
Renishaw PLCHalf Year Results
Virgin Money UK PLCTrading Statement
  
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

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.