BP's future is bright — if it can get through the next 6 months, analyst says
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Yahoo
30 minutes ago
- Yahoo
Trending tickers: Shell, Tesla, Jio Financial Services, FWD Group and Glencore
Shares in oil major Shell (SHEL.L) fell 3.2% on Monday, after the company warned that it expected to report lower trading and production results for its gas division in the second quarter. Shell lowered the top end of its production guidance for the integrated natural gas division to 900,000 to 940,000 barrels of oil equivalent per day (boe/d) for the quarter, compared with a range of 890,000 to 950,000 previously given. The upper end of its outlook for its liquefied natural gas (LNG) production was also lowered, to 6.4 to 6.8 million metric tons compared with a previous range of 6.3 to 6.9 million tons. Read more: FTSE 100 falls as Trump threatens extra 10% Brics tariff Dan Coatsworth, an investment analyst at AJ Bell (AJB.L), said: "Shell's latest quarterly results teaser has created trepidation that the numbers will be a dud. "Shell will be announcing its upcoming earnings amid considerable volatility in the energy market and the wider global economy. "Shell may face further questions when it unveils its results in full later this month about its intentions with regards to BP. Despite widespread speculation, Shell has denied it has any intention of merging with its stricken counterpart, but the story refuses to go away as BP's struggles continue." Shares in Tesla (TSLA) slid more than 6% in pre-market trading on Monday after CEO Elon Musk said he was launching a new political party. Musk asked X users in a poll on the Independence Day holiday on Friday whether the "America Party" should be created. In another post on Saturday, Musk said: "By a factor of 2 to 1, you want a new political party and you shall have it! When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy. Today, the America Party is formed to give you back your freedom." Read more: Stocks to watch this week: Shell, TSMC, Levi Strauss, Vistry and Jet2 Musk had said during his public feud with US president Donald Trump that he would look to form a new party. His latest comments came after Trump signed his "big, beautiful bill" into law on Friday, to which Musk was strongly opposed. In response to Musk's plans, Trump said in a post on Truth Social on Sunday that the Tesla CEO had gone "off the rails". "He even wants to start a Third Political Party, despite the fact that they have never succeeded in the United States - The System seems not designed for them," Trump said. Veteran tech analyst Dan Ives of Wedbush said on X on Sunday that Musk diving deeper into politics "is exactly the opposite direction that most Tesla investors want him to take during this crucial period" for the company, adding that it was causing "exhaustion" for many investors. Shares in India's Jio Financial Services ( originally a subsidiary of Indian billionaire Mukesh Ambani's Reliance Industries, rose 1.3% on Monday. The rise came after Jio BlackRock Asset Management, a joint venture between Jio Financial Services and BlackRock (BLK), had raised more than $2.1bn (£1.5bn) across three cash or debt mutual fund schemes, according to a Reuters report. The investment adviser reportedly said in a statement that its first three-day offer received investments from more than 90 institutional investors and more than 67,000 retail investors. On the Hong Kong market, shares in FWD Group Holdings ( rose in their trading debut on Monday. Shares in the insurer, which was founded by billionaire Richard Li, rose as much as 2.1% in Monday's session, according to Bloomberg, before closing just above the flatline. The company's initial public offering (IPO) reportedly raised HK$3.5bn (£328m). In a statement on Monday, Li said: "FWD Group is an international team of financial professionals focused on the fastest-growing insurance market in the world – Asia. Today's listing is an important milestone for our customers, our partners and our teams across Asia, and highlights Hong Kong's continued strength as a good listing destination." Back on the UK market, miner Glencore (GLEN.L) was one of the biggest fallers on the FTSE 100 (^FTSE), with shares down 1.6% on Monday morning. Shares were under pressure as trade uncertainty weighed on the UK blue-chip index more broadly, after Trump threatened to impose a new 10% tariff on any country that aligns itself with the Brics group of nations – which includes China, Russia and India. Glencore was down despite the miner announcing the start of a share buyback programme worth up to $1bn. The company said in a statement on Monday that it planned to complete the buybacks by the release of its 2025 full-year results in February 2026. Read more: Key investing trends in June, from defence stocks to Tesla's sales slump What are premium bonds and what are the odds of winning? How the government's benefits changes could affect your taxesError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
an hour ago
- Business Wire
European Automotive, Mobility Firms Adopt AI, Robotics
LONDON--(BUSINESS WIRE)--Automotive and mobility enterprises in Europe are increasingly adopting AI and other technologies to lower costs and enhance product quality amid dramatic changes across the industry, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm. European automotive enterprises are rapidly adopting digitalization and sustainability practices in all parts of their business. These initiatives are critical to navigating technological shifts and evolving customer expectations. The 2025 ISG Provider Lens ® Automotive and Mobility Services and Solutions report for Europe finds that the regional industry is at a critical juncture in 2025, navigating demands for sustainability and digitalization due to EU climate targets and evolving consumer expectations. Enterprises are investing in IoT, AI and robotics to enable real-time monitoring and predictive maintenance while making production lines more flexible. 'European automotive enterprises are rapidly adopting digitalization and sustainability practices in all parts of their business,' said Andreas Fahr, partner and manufacturing industry lead for ISG in EMEA. 'These strategic initiatives are critical to navigating technological shifts and evolving customer expectations.' To mitigate global supply chain risks and keep up with competitors, enterprises are localizing battery production, securing access to critical raw materials and investing in development of autonomous and connected vehicle platforms, the report says. These initiatives are designed to reduce dependence on imports and meet EU directives to make mobility more sustainable and maintain Europe's technological leadership. As the value of new vehicles increasingly depends on their digital capabilities, companies are integrating digital platforms and data-driven services to satisfy consumer preferences. The market is embracing personalized, flexible mobility solutions such as car-sharing, subscription services and ride-hailing. Strategies to provide these solutions target new revenue streams in urban areas where traditional ownership is impractical and environmental concerns are heightened. European automakers continue efforts to reduce emissions as the EU introduces stricter standards, such as the FitFor55 program, which pushes manufacturers to produce more low- and zero-emission vehicles, the report says. In addition, national environmental initiatives such as France's Crit'Air program encourage consumers and fleet operators to acquire lower-emission vehicles, subsequently driving manufacturers to prioritize cleaner vehicles. Companies in the region are also exploring new approaches to minimize the long-term environmental impact of EVs. They are adopting strategies such as battery recycling and second-life applications to address resource scarcity and waste management concerns, ensuring sustainable practices that align with efficient resource utilization. 'The European automotive and mobility sector is embracing lifecycle sustainability practices in product design,' said Harish B, manager and principal analyst, ISG Provider Lens, and lead author of the report. 'This approach mitigates environmental impact and addresses resource challenges.' The report also explores other European automotive and mobility trends, including growing investments in skills development and a surge in data connectivity transforming vehicles into digital platforms. For more insights into the challenges faced by automotive and mobility enterprises in Europe, along with ISG's advice for addressing them, see the ISG Provider Lens ® Focal Points briefing here. The 2025 ISG Provider Lens ® Automotive and Mobility Services and Solutions report for Europe evaluates the capabilities of 41 providers across five quadrants: Automotive Engineering and Manufacturing Services, Electric Vehicles and Mobility Services, Autonomous Systems and Software-defined Vehicles, Automotive Retail and Aftermarket Services and Technology Transformation and Consulting. The report names Accenture, Capgemini, Cognizant, HCLTech, IBM, Infosys, TCS, and Wipro as Leaders in all five quadrants. It names Akkodis and Tech Mahindra as Leaders in four quadrants each. KPIT, LTTS, PwC and T-Systems are named as Leaders in three quadrants. Deloitte, DXC Technology, EY and Tata Elxsi are named as Leaders in two quadrants. Aptiv, LTIMindtree and UST are named as Leaders in one quadrant each. In addition, CI&T, Cyient, Genpact and UST are named as Rising Stars — companies with a 'promising portfolio' and 'high future potential' by ISG's definition — in one quadrant each. A customized version of the report is available from T-Systems. The 2025 ISG Provider Lens ® Automotive and Mobility Services and Solutions report for Europe is available to subscribers or for one-time purchase on this webpage. About ISG Provider Lens ® Research The ISG Provider Lens ® Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage. About ISG ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world's top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data, in-depth knowledge of provider ecosystems, and the expertise of its 1,600 professionals worldwide working together to help clients maximize the value of their technology investments.
Bloomberg
an hour ago
- Bloomberg
Barclays Bets on Middle East and Elevates Two Co-CEOs for Region
Barclays Plc elevated a pair of senior leaders to oversee its growing business in the Middle East in a move that shows the region's growing clout both on the global financial stage and within the bank. The London-based lender named Khaled El Dabag and Walid Mezher as joint chief executives for the Middle East, according to a statement. The two will continue to be based in Dubai and will now report to Stephen Dainton, head of investment bank management.
