LONDON/NEW ORLEANS, July 5 (Reuters) – Shareholders in BP
BP.L BP.N balked on Monday at reports the energy giant would
seek a strategic investor to ward off takeover bids while the
company’s massive oil spill in the Gulf of Mexico spread.
On the disaster’s 77th day, BP spokesman Mark Proegler
confirmed that government tests showed tar balls that washed up
on the Texas coast near Galveston were from the spill, but only
about five gallons were found.
LONDON/NEW ORLEANS (Reuters) – Shareholders in BP balked Monday at reports it would seek a strategic investor to ward off takeover bids, as the clean-up costs of its massive U.S. oil spill topped $3 billion.
As containment efforts continued in the devastated Gulf of Mexico, where a ruptured well has been spewing crude since April 20, tests on a supertanker adapted to skim large quantities of oily water from the surface were inconclusive because of high seas, ship owner TMT Shipping Offshore said.
LONDON/KUWAIT (Reuters) – Shareholders in British oil company BP balked at reports it would seek urgent investment from a wealthy Middle East or Asian country as clean-up costs for its U.S. oil spill topped $3 billion.
Over the weekend, while U.S. Independence Day holidaymakers shunned Gulf of Mexico beaches tarred by the leaking well, media reports said BP was looking for a strategic investor among the sovereign wealth funds of the Middle East and Asia.
Big fall in short selling of sterling since budget- Daily Telegraph
LONDON, June 25 (Reuters) – Fund firms offering shareholder
engagement services have seen assets spike over the past year on
soaring pension fund demand for increased scrutiny of company
boards, fund managers said.
These services liaise with companies to improve long-term
business performance based on good governance principles and aim
to counter perceptions that investors have given companies too
much of a free ride.
LONDON (Reuters) – BP CEO Tony Hayward may cling on after Thursday’s mauling by U.S. lawmakers over the Gulf of Mexico oil spill, investors and analysts said, while chairman Carl-Henric Svanberg looked less secure.
BP shares gained in London after Chief Executive Hayward managed to fend off attacks by a congressional committee, and as hopes rose its $20 billion oil spill compensation and clean-up fund would cool investor anger. The oil giant has also said it will suspend dividends for the rest of the year.
LONDON (Reuters) – BP chief executive Tony Hayward may survive in his job despite a bruising encounter with U.S. lawmakers on Thursday, investors and analysts said, although calls grew for chairman Carl-Henric Svanberg to go.
BP shares gained in London after Hayward managed to fend off attacks by a congressional committee, and as hopes rose its $20 billion oil spill compensation and clean-up fund will cool investor anger. The oil giant has also said it will suspend dividends for the rest of the year.
LONDON (Reuters) – British fund firm Jupiter raised 220 million pounds ($340 million) to pay off debt in an initial public offering which had been dogged by weak markets but still secured a valuation in line with London-listed rivals.
In a deal that will secure a 33.5 million pound windfall for fund managers and directors, Jupiter said it was selling shares for 165 pence, toward the bottom of a 150-210 pence range and valuing the London-based firm at 755 million pounds.
LONDON, June 15 (Reuters) – The last time Guy de Blonay was
readying for an IPO, he was one of the high-profile pin-ups
around whom New Star Asset Management built its marketing
campaign to retail investors for its share offering in 2005.
Now, the Swiss-born manager is hoping he can bring some of
the excitable spirit of his brash former employer to Jupiter
Asset Management, as the firm prepares to test investor appetite
for an IPO which could value it at up to 748 million pounds
($1.2 billion). [ID:nLDE65E0VD]
LONDON, June 10 (Reuters) – British Airways’ (BAY.L: Quote, Profile, Research) top
investors support the airline’s refusal to bow to union
pressure, despite the prospect of more strikes by cabin crew,
which could scupper its hopes of breaking even in 2010/11.
“Shareholders are supportive of BA management’s efforts to
drive through meaningful cost savings and long-term structural
changes in the cost base,” one of BA’s top 10 shareholders told