City awaits fate of BP dividend
Sunday 31 October 2010
All City eyes will be on BP next week as investors look for news on whether the beleaguered oil giant will restore its dividend payment.
BP suspended the payment, which sees around £1.8bn handed to shareholders every three months, as it preserved cash to fund the Gulf of Mexico clean-up.
The third-quarter results will be the first set figures presided over by Bob Dudley, who took over as chief executive at the start of October. Tony Hayward left the top job after taking much of the flak in the wake of the disaster, but is still in demand. It emerged last week that Singapore sovereign wealth fund Temasek holdings is talking to him about joining its international advisory panel. Rival BG Group also reports its third-quarter results.
Away from London, the Canadian Trade Ministry will decide whether or not to approve BHP Billiton's $38.6bn hostile takeover of Potash Corporation of Saskatchewan. The ministry will rule on whether the takeover will benefit the country.
- 3 Dutch King Willem-Alexander declares the end of the welfare state
- 5 Giant Minion terrorises drivers in Ireland as 40ft inflatable blocks busy Dublin road
Sabrina Corgatelli: US hunting tourist posts picture of herself with dead giraffe after Cecil the lion outrage
'Gene drive': Scientists sound alarm over supercharged GM organisms which could spread in the wild and cause environmental disasters
Labour leadership race: Jeremy Corbyn could be the next Prime Minister, says Ken Clarke
Dutch King Willem-Alexander declares the end of the welfare state
Tom Cruise: Reporters banned from asking actor about Scientology
Is Britain really full up? Are migrants taking our jobs? Leading academic answers the most common anti-immigration claims
Calais Migrant Crisis: Deputy Mayor of Calais labels Cameron's use of 'swarm' as 'racist' and 'ignorant'
Chris Leslie: Jeremy Corbyn's anti-austerity agenda will harm the poor, says Labour shadow Chancellor
Landlords renting properties to illegal immigrants to face up to five years in prison
While we fixate on Calais, the Home Office is quietly deporting dozens of migrants on 'ghost flights'
Calais crisis: The seven claims made about the migrants - and the reality
iJobs Money & Business
£20000 - £25000 per annum + OTE £45K: SThree: SThree Group have been well esta...
£21000 per annum: Recruitment Genius: This is an exciting opportunity to join ...
Up to 70k DOE: Guru Careers: We are seeking an experienced Financial Director ...
£11000 - £50000 per annum: Recruitment Genius: This financial company offer ma...