Barbosa steps down as BG finance chief

Fabio Barbosa is to step down from his role as chief financial officer of FTSE 100-listed oil and gas producer BG Group. He has been on leave since September and returned to his native Brazil for treatment of an undisclosed medical condition.

He will now take up the role of chairman of BG South America, in which capacity he will "provide senior counsel to the company's teams in Bolivia, Chile, Uruguay, and Brazil", the company said.

BG's shares were little changed, ticking up by4.5p to 1,142p. They are down about a fifth since October after the first of several warnings on production levels.