CITY VIEWS: WHEN DO YOU THINK INTEREST RATES WILL GO BACK UP?

first_img KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Thursday 9 September 2010 8:15 pm whatsapp whatsapp Show Comments ▼center_img CITY VIEWS: WHEN DO YOU THINK INTEREST RATES WILL GO BACK UP? Tags: NULL Share ERIC TARTERET | SOCIETE GENERALE“Interest rates in the UK will go up within the next six to eight months, but they won’t rise by much, maybe a quarter of a point. The UK services sector, including financial services, is strong, while the export industry is reporting good figures.”SARAH WEBSTER | NORTON ROSE“Interest rates are likely to stay low for some time. I would expect that the Bank of England will wait until the spending review to make any further moves because a rise now will cause undue nervousness and it is safer to wait.”KAPIL KUMAR | ACN CONSULTING“Interest rates are likely to rise soon, perhaps in the next few months. I think the new government will push for a rise in interest rates because it is beneficial to the economy to do so.” last_img read more

Burlington Arcade is sold for £104m

first_img KCS-content whatsapp Sunday 24 October 2010 10:19 pm Show Comments ▼ Share Tags: NULLcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsapp Burlington Arcade is sold for £104m Read This NextThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap BURLINGTON Arcade, one of the world’s oldest shopping centres, has been sold to European real estate firm Meyer Bergman and US property tycoon Joseph Sitt for £104m, the pair said yesterday. The centre near Bond Street, which opened in 1918, will be Sitt’s first purchase in Europe through his investment vehicle Thor Equities. Thor will take a 20 per cent stake in a joint venture with retail-focused Meyer Bergman, with an option to increase its stake to 50 per cent by summer 2011. The arcade is being sold by a private offshore family trust, which bought the mall from Prudential in 2005 for around £50m. Thor and Meyer hope to take advantage of rising retails rents in the West End. Meyer said yesterday that rents near Bond Street may have passed £1,000 per square foot for prime window space, with overall rent up 20 per cent compared to 2009. “The acquisition of the Burlington Arcade represents a unique opportunity to acquire one of London’s most iconic retail assets,” Meyer Bergman chief executive Markus Meijer said yesterday.Meyer bought its first UK retail assets in Kingston-Upon-Thames and Ilford earlier this year, and said yesterday its strategy is now shifting to continental Europe. Thor Equities has over $3bn (£1.9bn) of property assets under management in the United States, and has been looking to expand in Europe. Its founder, Josepth Sitt, is best known for redeveloping Coney Island in New York and for founding the Ashley Stewart clothing chain. last_img read more

At a glance: events that brought Ireland to its knees

first_img TIME LINE | IRISH DEBT CRISISMay 2008Brian Cowen is elected Irish prime minister. His allies and opponents warn he faces a tough task steering the country through economic slowdown.September 2008Ireland becomes the first euro zone country to slip into recession after its property bubble bursts.December 2008Ireland agrees to inject €5.5bn (£4.6bn) into its three main banks, taking Anglo Irish Bank under its control.March 2009Standard & Poor’s downgrades Ireland’s credit rating from prized AAA ranking to AA+ and warns it could drop further, in a vote of no-confidence in Dublin’s efforts to get its public finances under control. April 2009Irish finance minister Brian Lenihan outlines €10.6bn (£9bn) in spending cuts for 2010-2011 and forecasts additional €3.25bn from taxation in that period in emergency budget, the second in six months. Fitch also strips Ireland of its top AAA credit rating, reducing it to AA-plus.August 2010Standard & Poor’s cuts Ireland’s long-term rating by one notch to ‘AA-‘ and assigns the country a negative outlook.September 2010Ireland discloses worst case price tag of over €50bn (£42bn) for bailing out its banks and announces it will have to make more budget savings. Share Tuesday 16 November 2010 9:26 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org At a glance: events that brought Ireland to its knees by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Lifemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute whatsapp November 2010EU Economics Commissioner Olli Rehn, visits Ireland and says he has not discussed any need for EU bailout, adding he believes market confidence would be restored once the country published its four-year plan to cut debt, which is set for release before a 25 November by-election.Q & A : THE IRISH BAILOUTQ.WHAT HAPPENS NOW?A. The timeline is highly uncertain, which is in part what has fuelled market turmoil. Ireland is still denying that it is in need of a bailout, but many observers expect a capitulation within the week. A major point of interest will be the close of Eurozone finance minister negotiations today, with expectations that the talks could provide a framework for bailouts and suggest some general conditions for aid money in the future. In addition, Ireland is meant to be outlining a four-year plan for getting its deficit under control in the next two weeks. Much will depend on the credibility of the plan.Q.CAN IRELAND AVOID A BAILOUT?A. It is looking increasingly unlikely, although the Irish government is likely to continue to offer strong resistance due to the unpopularity of submitting to the conditions of any aid package. One possible alternative to a sovereign bailout could be a bailout of the banking sector, whose debts the government has guaranteed. However, most EU states would be reluctant to lend without channelling the money through the Irish government and subjecting it to strict conditions.Q.WHAT CONDITIONS WOULD AID CARRY?A.The EU could insist Dublin reneges on an agreement with public sector unions not to cut jobs or push through further wage cuts. Brussels may also demand Ireland raises its corporation tax rate, viewed as sacrosanct by Dublin, from its current low level of 12.5 per cent.Q.WHY IS IRELAND NOT KEEN ON EU HELP?A.An EU bailout would mean a big loss of face fiercely proud of its independence. It would also mean significant international interference in sovereign affairs. whatsapp Show Comments ▼ KCS-content Tags: NULLlast_img read more

Lloyds poaches two more top Santander executives

first_img Tags: NULL SANTANDER has lost two more senior bankers, it admitted yesterday, potentially weakening its chances of a UK float in the next twelve months. Outgoing UK chief executive António Horta-Osório has poached the bank’s UK finance officer Antonio Lorenzo and its executive director of risk Juan Colombas as part of his move to Lloyds Banking Group. Santander said it had found a replacement for Colombas, but finance director duties would be shared between four executives. The bank moved quickly to replace its UK chief executive in early November, in an attempt to keep an even keel ahead of a possible float. Meanwhile, the outgoing Lloyds chief Eric Daniels is thought to be in preliminary discussions about a senior role at UBS once he steps down in March. UBS declined to comment. Tuesday 30 November 2010 8:53 pm whatsapp Show Comments ▼ whatsappcenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Lloyds poaches two more top Santander executives Share Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof KCS-content last_img read more

Dotcom fears amid $10bn Twitter talks

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Tags: NULL Show Comments ▼ whatsapp FEARS that a second dotcom bubble is rising grew yesterday, with Google and Facebook both understood to be in talks to buy Twitter for up to $10bn (£6.23bn).The Silicon Valley giants are in “very speculative” negotiations to take control of the hugely popular microblogging site for a valuation of between $8-10bn, according to people close to the deal.In its recent financing round, Twitter was valued at $3.7bn, after selling $200m worth of shares. The site has 175m registered users who send 95m “tweets” of up to 140 characters every day.The talks follow the rejection of a $6bn Google bid for online deal site Groupon in December. LinkedIn, the professional networking site, is expected to reach a valuation of around $2bn after filing plans for an IPO. And Facebook has been valued at a staggering $50bn after Goldman placed a number of its privately held shares. Facebook brought in revenues of around $2bn last year.Ian Maude of Enders Analysis told City A.M.: “It looks like March madness has come early. There have been a number of pretty crazy valuations recently but this one wins the prize. “Facebook has a high valuation but it has a much deeper relationship with its customers than Twitter does. There may be ways to better monetise the service but $10bn is astronomical.”But Nic Brisbourne, an investment manager for DFJ Esprit, said: “It’s a big multiple, but they are clearly not looking at Twitter on a multiple basis.“Google bought YouTube for $1.65bn on revenues of virtually zero.“It looked at the market and decided that was an important sector to control. It could apply the same logic to Twitter. It is a fantastic service – any valuation is going to be based on where the market is at and the market is very frothy right now.” Sharecenter_img Thursday 10 February 2011 8:50 pm Dotcom fears amid $10bn Twitter talks Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut KCS-content whatsapplast_img read more

Tullow Oil in profit surge

first_img John Dunne whatsapp Tags: NULL Show Comments ▼ Pre-tax profits at Tullow Oil jumped by 361 per cent to $152m (£94m) after oil price rises and successful explorations. The FTSE 100 oil explorer saw a 19 per cent rise in revenues to $1bn in the year to 31 December.The Africa-focused company benefited from rising oil prices, selling its crude at an average price of $78 a barrel last year, up from $60 in 2009.Tullow chief executive Aidan Heavey said the outlook was “very positive”.The company has begun production of its first oil from the Jubilee field off Ghana, with the full benefits starting to feed through to Tullow this year.Tullow produced a better-than-expected 58,000 barrels of oil and gas per day last year. But as Jubilee ramps up, production is expected to rise to between 86,000 and 92,000 barrels.The company said progress on a key deal in Uganda to bring in two new partners, French oil major Total and Chinese giant CNOOC, had been hit by elections in the country. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldcenter_img Share whatsapp Wednesday 9 March 2011 3:56 am Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap Tullow Oil in profit surge last_img read more

WHAT DOES IT ALL MEAN?

first_img WHAT DOES IT ALL MEAN? Share KCS-content Tags: NULL Show Comments ▼ whatsapp whatsappcenter_img Q.What is spectrum and why do we need it?A.Spectrum is the radio waves that mobile signals are broadcast over. It comes in different frequencies which are useful for different tasks – some work well for voice calls and other parts for data usage such as mobile video. It is increasingly important for operators to own spectrum that can handle data traffic thanks to the explosion in smartphones.Q.Who will the auction Benefit most?A.The government owns the spectrum so UK PLC stands to gain through the sale. Last time around the government netted £22.5bn, although this time it is likely to be closer to £4bn.Q.What outcome does ofcom want?A.The watchdog is committed to maintaining four players in the market – Vodafone, O2, Everything Everywhere and 3 – which it says will ensure competition. The smallest operator, 3, is vulnerable, so Ofcom will ensure it has its share of the 4G spectrum. It is also tasked with making sure one operator does not come out of the auction with significantly more spectrum than its rivals. It has previously faced criticism for this. Tuesday 22 March 2011 8:20 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoBetterBe20 Stunning Female AthletesBetterBeUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndo Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wraplast_img read more

Protests and angry investors colour BP meeting

first_img Share Show Comments ▼ Thursday 14 April 2011 2:57 pm whatsapp More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Protests and angry investors colour BP meeting alison.lock whatsapp Tags: NULL Protestors against BP’s Gulf of Mexico oil spill disaster and Canadian tar sands exploration disrupted its annual meeting today, while the company came under fire from a range of investors.Shareholders tackled BP’s board with questions over its risk management, climate change, environmental damage and the fallout from its $16bn (£9.8bn) share swap deal with Russian government-owned Rosneft.A group of five campaigners from the Gulf, one of whom had covered themselves in a black oil-like substance, were refused entry to the meeting by security guards and police, as a brass band – part of another protest involving BP workers – played in the background.Some protesters who owned shares and gained access to the hall quizzed management on its safety record. The board said it was working to change BP’s culture.Others that stood up to criticise its production of heavy oils from tar sands in Canada, a heavily polluting process, were swiftly ejected from the room by security.More than 11 per cent of BP shareholders, including proxy voters not present at the meeting, voted down its remuneration report as a protest at the large salaries awarded for the disastrous year, including a multi-million package for former chief executive Tony Hayward.Seven per cent voted against the re-election of chairman Carl Svandberg while 25 per cent of proxy investors opposed re-electing Bill Castell, the head of BP’s safety committee.But the majority of shareholders present appeared supportive of BP and booed, heckled or slow hand-clapped those who voiced opposition, such as a US woman who read out a statement from the family of an oil worker killed when the Deepwater Horizon rig exploded. Chief executive Bob Dudley’s opening speech was applauded. “We had some very tough days but I looked at what our people were doing and I knew that BP could recover,” he said.Svandberg used his speech to defend BP’s response to the oil spill.“I believe the Board responded strongly during the crisis. It was an intense period. We met many times and spoke daily. We stayed united and resilient,” he said.“All directors were committed to ensuring that the Company responded effectively and correctly. We did not shy away from taking tough decisions.”Investors also raised concerns about BP’s tie-up with Rosneft, which has sparked a spat with BP’s oligarch partners in its Russian joint venture TNK-BP. Dudley said he had tried many options to soothe the billionaires without success.A spokesman for BP said the party from the Gulf was refused entry and the other protesters were carried out because the company has an obligation to run an orderly AGM. last_img read more