Feb 4, 2020

Bob Dudley bows out from BP with profit fall but dividend rise

Bob Dudley marks his last set of results as BP boss with a 26 per cent fall year-on-year in underlying quarterly profits. That left BP with a statutory profit for the quarter of just $19m. Mr Dudley's parting gift to shareholders was a bump in the quarterly dividend, up 2.4 per cent on last year. As Unilever found out to its cost shedding a London listing isn't as straightforward as you might think. Issues in the DRC and Zambia contributed to a fall in profits last year. Rohit Kapoor, the company's new chief executive for India, said the budget hotel chain was prioritising "Calibrated growth" after last month culling about 2,000 staff, pulling out of 200 cities and removing more than 1,000 hotels from its platform.

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