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Added on the 01/11/2016 14:16:13 - Copyright : Reuters EN
Royal Dutch Shell has cut its 2016 spending by another 10 percent after completing the $54 billion acquisition of BG Group, warning that low oil prices will continue to weigh. Hayley Platt reports.
BP says it could cut capital spending further after reporting an 80 percent drop in profits in the first quarter of the year, when oil prices touched a near 13-year low. As Hayley Platt reports, the British oil company is the first major to report on one of the weakest quarters.
Investors ask whether BP can withstand another major dose of legal pain after reports that the oil giant faces a class action lawsuit in Mexico over its deadly 2010 Gulf of Mexico spill. But, as Hayley Platt reports, there was better news for Shell.
Royal Dutch Shell shares have taken a hit after the oil company missed profit expectations and announced a three-year, $15 billion cut in spending. As Katie Gregory reports it reflects the steep fall in oil prices which are now near a six year low.
Adidas is reporting better-than-expected revenues for 2014 - and its Rockport sale is going through for $280 million. As David Pollard reports, the German firm has, after a poor year, been trying to turn itself around, especially in the sought-after US market.
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