BP hikes dividend as profits rise

Shares in BP soared by more than 4 per cent yesterday after the oil giant unveiled a better-than-expected third-quarter profit and hiked its dividend by 12.5 per cent to $0.09.

Tom Bawden: Relief at end of TNK-BP relationship from which both partners were desperate to escape

Anyone who has been following the TNK-BP Russian joint venture can only conclude that the two partners desperately needed a divorce.

Rosneft offers BP $28bn for its half of Russian venture

Rosneft circled in on TNK-BP yesterday as the state-owned oil giant tabled a bid of about $28bn (£17.5bn) for BP's half of the Russian joint venture – just two days after offering the same amount for the other 50 per cent.

BP receives $28bn offer from Rosneft for Russian venture

State-controlled oil giant makes bid to take over TNK-BP

Rosneft's TNK-BP takeover set to create biggest oil firm

Rosneft was on course to buy both halves of the TNK-BP Russian joint venture for an estimated $56bn (£35bn) last night after holding audacious overlapping takeover talks with the owners, BP and the AAR consortium.

Rosneft takeover of TNK-BP set to create biggest oil firm

BP to get stake in Russian giant with access to massive oil reserves in Arctic

Editorial: What would Shakespeare make of the protests?

But who comes here? Is this an oil company I see before me? Marry, it is. No less than global multinational BP, sponsoring Shakespeare in Stratford-upon-Avon. And who comes hither, yon rabble of disaffected youth? Are they now mounting upon the very Stratford stage, where actors strut and fret, amidst a great caterwauling?

The still small voice of the comms expert

A majority of FTSE 100 firms still do not have a communications expert on their executive board.

Convention Diary: Minding manners around (hot) microphones

It's tricky being a reporter in Tampa if part of your job is keeping your own biases under wraps, particularly so in the age of Twitter, a repository for all our cheers or jeers as successive speakers take the stage. But some things should not be said, ever.

Hurricane Isaac: New Orleans battered by powerful winds as torrential rain brings heavy flooding to the city's suburbs

New Orleans was battered by powerful winds and torrential rain today, as Hurricane Isaac tore across the Gulf Coast, bringing storm damage and heavy flooding to under-protected suburbs of the City.

Tropical Storm Isaac threatens Republican Party convention

Emergency personnel in Florida rushed yesterday to finalise contingency plans to postpone or relocate next week's Republican Party convention in Tampa, should the area be lashed by Tropical Storm Isaac.

Business week in review

In profit ...

BP to sell American refinery

BP continued its giant sell-off after agreeing to dispose of its Carson refinery in California to America's Tesoro for $2.5bn (£1.6bn) yesterday.

Refinery sell-off raises $2.5bn towards BP's Gulf of Mexico spill bill

BP continued its giant sell-off after agreeing to dispose of its Carson refinery in California to America's Tesoro for $2.5bn (£1.6bn) yesterday.

Scorched earth: The River Platte, near Yuta, Nebraska, last week

Heatwave turns America's waterways into rivers of death

Falling water levels are killing fish and harming exports

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