FTSE 100 Set to Slip, Pound Falls Ahead of BOE
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LiveUpdated3m agoFTSE 100 Set to Slip, Pound Falls Ahead of BOEJoin the Markets Today team for news and analysis vital to UK markets. Email us at marketstoday@bloomberg.net3m ago Analysts said the appointment of O’Neill may spark more aggressive moves to reshape BP, something which investors have been calling for. It set out a major restructuring plan earlier in the year, offloading assets and pulling back from heavy investments in green energy, instead turning its focus back to its core fossil fuel business. While the restructuring BP is undertaking is very broad and complex, “it has also been clear that there is market appetite for a more aggressive approach in both scope and pace,” Piper Sandler said. O’Neill, the broker said, has a track record of making “fairly aggressive strategic moves” in her time at Woodside, where she transitioned the group from a regional player into a global energy concern, particularly in LNG. Sam UnstedUK Markets Today, LondonCopied