FINWIRES · TerminalLIVE
FINWIRES

Market Chatter: BP Gives Amanda Blanc Second Chance to Lead Chair Search

By

BP (BP) has asked senior independent director Amanda Blanc to lead the search for the company's next chair despite concerns from some investors and City figures following the departure of former chairperson Albert Manifold, the Financial Times reported Monday.

Blanc will oversee a "rigorous" selection process on behalf of the board, the report said, citing Interim Chair Ian Tyler.

Some shareholders and market figures questioned whether Blanc should run a second chair search after Manifold left the role after about eight months, according to the report.

BP did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Related Articles

Equities

Pulsar Helium Raises Funds via Warrants Exercise

Pulsar Helium (PLSR.L) raised 330,469 pounds sterling through the exercise of warrants issued in October 2024.The helium exploration company exercised 1,321,875 warrants for 0.25 pound apiece to issue the same number of common shares, according to a Tuesday release. The new shares are expected to start trading on Friday.

$PLSR.L
Equities

Serica Energy Unveils New Dividend Policy, Reaffirms FY26 Projections

Serica Energy (SQZ.L) on Tuesday unveiled a new dividend policy to target dividends of 15% to 30% of its post-tax cash flow from operations for 2026 and onward.The oil and gas company also maintained its outlook for 2026, including a production forecast of "significantly over" 40,000 barrels of oil equivalent per day.Serica still expects to shift to the London stock exchange's main market from the AIM segment in the third quarter.

$SQZ.L
Equities

Berenberg Ups Estimates, Price Target for Siemens Energy on Electricity Demand Boost

Berenberg raised its estimates and price target for Siemens Energy (ENR.F), noting the revamp of ageing grid infrastructure and the broader push for electrification as key drivers for the German energy technology company."We increase our estimates slightly for organic revenue growth within the Grid Technologies segment. We now forecast revenue of EUR14bn, EUR16.9bn and EUR20bn for 2026, 2027 and 2028 respectively. This moves our estimates a low-single-digit percentage above consensus for these years," analysts said in a Monday note focused on the electrical sector. "We also forecast above-guidance profit margins of c20-21% for the 2026-28 period. This is driven, in our view, by the expected strength in orders translating through to greater top-line volumes and from pricing benefits supporting profit margins. We make minor changes to our estimates across the rest of the business."As such, Berenberg's sales, EPS and EBITA estimates for the group were increased over 2026 to 2028.The price target increased to 205 euros from 200 euros, with an unchanged buy rating.

$ENR.F