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BP sells partial stake in Castrol India, continues as majority shareholder and reaffirms commitment to Indian businesses

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Bob Dudley, BP Group Chief Executive said: "BP remains committed to India and we wish to continue to grow our businesses here, progressing our upstream natural gas developments as well as our downstream opportunities, including lubricants." BP, through Castrol Limited, intends to continue as the majority shareholder of Castrol India. There will be no impact from this financial transaction on staff or customers of Castrol India or on its existing contracts. Sashi Mukundan, BP’s Head of Country, India, said: "India is a key market for Castrol wit... Read More »

A High Yield Investment That’s Really Taking off

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Across the UK, major airports are experiencing unprecedented growth in passenger numbers and with that growth comes an increased demand for high quality, trusted and secure car parking close to those airports. Imagine if you could own a piece of one of those car parks, and benefit financially from the demand to park there. With Direct Airport Parking Investment, there's no need to imagine ─ its satisfied clients are already reaping the considerable benefits of investing in such a strong growth area. This well-established company is an accredit... Read More »

Deloitte Names New Anti-money Laundering and Economic Sanctions Leaders

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"With hundreds of professionals in the U.S. and approaching 2,000 globally, Deloitte's growing anti-money laundering and economic sanctions consulting practices offer a full range of services to financial services companies, card and alternative payment companies, casino and gaming companies, retailers and federal agency clients," said Kevin McGovern, Deloitte Advisory partner and regulatory & compliance practice leader, Deloitte & Touche LLP. "Alison has led our team and served our clients incredibly well for years, and she'll be misse... Read More »

BP doubles its interest in North Sea Culzean field development

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The acquisition increases BP’s interest in the development from 16% to 32%. “We are pleased to have deepened our interest in Culzean and we look forward to helping Maersk make this important central North Sea development a success,” said Mark Thomas, BP Regional President North Sea Region. “This is a challenging time for the industry and we must continue to work together to ensure that when developments like Culzean, or other projects such as BP’s Quad 204 and Clair Ridge, come online they can be run as efficiently as possible.” The Maers... Read More »

Marks & Spencer announces changes to board responsibilities and a new management structure

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As part of this there have been some changes to responsibilities of the Executive Directors. Patrick Bousquet-Chavanne becomes Executive Director of Customer, Marketing & M&S.com, and assumes new responsibilities for M&S.com and Plan A. Consequently, the International business now reports to the CEO, Steve Rowe. Helen Weir, Chief Finance Officer, assumes responsibility for Strategy Implementation. As already stated, Laura Wade-Gery will be on maternity leave until September. We look forward to welcoming her back and will up... Read More »

Deal Flow for Corporate Oil & Gas Players

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Alongside and within the 14th Africa Independents Forum 2016, they are hosting: • 75th PetroAfricanus Club- World Upstream Reception: with Guest Speaker: Phil Loader, Executive Vice President, Global Exploration, Woodside Energy, Perth, Australia • 6th Global Women Petroleum & Energy Club Luncheon: with Guest Speaker: Irini Katsiani Hughes, Business Development Manager, EMEA, Statoil, London • 4th Africa's Hydrocarbon Arguments Discourse: On Shaping Africa's E&P Future • Special Panels: on Africa Oil & Energy Finance and Inv... Read More »

A triumph for diversity

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Regardless of any party politics, the London mayoral election is an historic moment to be celebrated in a multicultural city that is leading the way in embracing diversity, tolerance and respect. Sadiq is the son of a Pakistani bus driver and his seamstress wife, one of eight children raised in public housing in south London, who has gone on to become mayor of the city. I once said that opportunities are like buses - there's always another one coming. I wholeheartedly believe this to be the case, and people - especially entrepreneurs - wh... Read More »

The eco emulsion that breathes new life into leftover paint

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Still, Harrison assumed he could find someone able to recycle all that leftover paint – or at least dispose of it in an environmentally friendly way. But this was 2002. Sustainability wasn’t in the dictionary yet. The unused paint was likely destined for landfill. That was Harrison’s light-bulb moment. He spent two years searching for a solution and eventually figured out how to reprocess water-based waste paint and turn it into new emulsion. In 2009, he launched Newlife Paints. Today, the West Sussex-based company collects waste paint from ... Read More »

Aegon to acquire BlackRock’s UK Defined Contribution platform and administration business

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Aegon to acquire approximately £12 billion (approx. €15 billion) of assets and 350,000 customers, creating a £30 billion (approx. €38 billion) platform-based workplace savings business BlackRock will deepen its relationship with Aegon providing its customers investment management solutions Paul Bucksey from BlackRock will be appointed Managing Director of the combined workplace business, which brings together the complementary capabilities of both propositions to offer Defined Contribution (DC) services to schemes of all sizes and types. ... Read More »

Recession aftereffects continue to blight US retirees

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The newly released 118-page compendium on The Current State of Retirement: A Compendium of Findings About American Retirees(external link), provides in-depth perspectives on retirees, including attitudes about life in retirement, time commitments, living arrangements, and personal finances. Less than half of survey respondents say they have either fully recovered or were not financially impacted by the 2007-2009 crisis. Thirty-five percent say they have somewhat recovered, eight percent have not yet begun to recover, and 12 percent feel they... Read More »

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