Black British Business Awards announce 2020 finalists

BP lower its dividend for the 1st time in a ten years and reported a big quarterly decline as the coronavirus pandemic compelled it to compose down the worth of assets.

The strength large said its second-quarter dividend would halve to five.25 cents a share, as opposed to ten.five cents in the 1st quarter. It customarily generates the largest dividend payment amid the major blue chip FTSE 100 providers.

BP also declared it missing $sixteen.eight billion in the second quarter, included a net submit-tax charge of $ten.nine billion for non-operating products. On an adjusted foundation, it missing $six.7 billion as opposed with a $two.eight billion earnings a yr back.

“These headline effects have been pushed by an additional very tough quarter,” CEO Bernard Looney said in a information launch. In particular, he extra, “our reset of long-expression rate assumptions and the related impairment and exploration compose-off rates experienced a major

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BP lower its dividend for the 1st time in a ten years and reported a big quarterly decline as the coronavirus pandemic compelled it to compose down the worth of assets.

The strength large said its second-quarter dividend would halve to five.25 cents a share, as opposed to ten.five cents in the 1st quarter. It customarily generates the largest dividend payment amid the major blue chip FTSE 100 providers.

BP also declared it missing $sixteen.eight billion in the second quarter, included a net submit-tax charge of $ten.nine billion for non-operating products. On an adjusted foundation, it missing $six.7 billion as opposed with a $two.eight billion earnings a yr back.

“These headline effects have been pushed by an additional very tough quarter,” CEO Bernard Looney said in a information launch. In particular, he extra, “our reset of long-expression rate assumptions and the related impairment and exploration compose-off rates experienced a major

Read More
Posted on 1 week ago

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BP lower its dividend for the 1st time in a ten years and reported a big quarterly decline as the coronavirus pandemic compelled it to compose down the worth of assets.

The strength large said its second-quarter dividend would halve to five.25 cents a share, as opposed to ten.five cents in the 1st quarter. It customarily generates the largest dividend payment amid the major blue chip FTSE 100 providers.

BP also declared it missing $sixteen.eight billion in the second quarter, included a net submit-tax charge of $ten.nine billion for non-operating products. On an adjusted foundation, it missing $six.7 billion as opposed with a $two.eight billion earnings a yr back.

“These headline effects have been pushed by an additional very tough quarter,” CEO Bernard Looney said in a information launch. In particular, he extra, “our reset of long-expression rate assumptions and the related impairment and exploration compose-off rates experienced a major

Read More
Posted on 1 week ago

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BP lower its dividend for the 1st time in a ten years and reported a big quarterly decline as the coronavirus pandemic compelled it to compose down the worth of assets.

The strength large said its second-quarter dividend would halve to five.25 cents a share, as opposed to ten.five cents in the 1st quarter. It customarily generates the largest dividend payment amid the major blue chip FTSE 100 providers.

BP also declared it missing $sixteen.eight billion in the second quarter, included a net submit-tax charge of $ten.nine billion for non-operating products. On an adjusted foundation, it missing $six.7 billion as opposed with a $two.eight billion earnings a yr back.

“These headline effects have been pushed by an additional very tough quarter,” CEO Bernard Looney said in a information launch. In particular, he extra, “our reset of long-expression rate assumptions and the related impairment and exploration compose-off rates experienced a major

Read More
Posted on 1 week ago

IBM Vows to Change “Culture and Operating Model” as Profits Plunge

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“Many customers continued to delay tasks, defer purchases and favor opex in excess of capex spending in this environment”

IBM returned $one.five billion to shareholders in dividends in Q2 — even as its web revenue plunged forty six% calendar year-on-calendar year — escalating its dividend for a 20-fifth consecutive calendar year.

The selection came even as Major Blue declined to present direction for 2020 in its earnings — despite rivals like Accenture, Oracle, and SAP undertaking so — declaring there remained far too substantially volatility in the marketplace to accurately evaluate its outlook.

IBM is carrying $65 billion in credit card debt, with complete belongings on its equilibrium sheet for June 2020 of $154 billion. Net revenue for Q2 was $one.three billion.

“Many customers continued to delay tasks, defer purchases and favor opex in excess of capex spending in this environment” CEO Arvind Krishna observed.

“This pause

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