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Sep282019 by adminNo Comments
BP chief Dudley prepares to hand over the reins

BP chief Dudley prepares to hand over the reins

Business
Bob Dudley, the chief executive of BP, is preparing to step down after a decade-long tenure in which he steered the British oil giant back from the brink after the Gulf of Mexico disaster.Sky News can exclusively reveal that Mr Dudley is drawing up plans to retire from the job within about 12 months. The American, who turned 64 earlier this month, is said to have detailed discussions with BP's chairman Helge Lund about his retirement plans.City sources said this weekend that an announcement about Mr Dudley's decision to step down was possible by the end of this year, and could come by the end of October, when BP is due to report third-quarter results.It was unclear on Saturday whether BP would announce Mr Dudley's successor at the same time as his departure. ...
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Jul232017 by adminNo Comments
Blackstone takes reins at £600m events group

Blackstone takes reins at £600m events group

Business
The exhibitions group which stages the Olympia Horse Show and World Counter-Terror Congress will be sold next week to one of the world's biggest buyout firms for nearly £600m.Sky News has learnt that Blackstone will announce on Monday that it has acquired Clarion Events from rival Providence Equity Partners.The value of the deal is not expected to be disclosed but sources said it would be just under £600m.Clarion, which is chaired by Simon Kimble, a former RAF officer, owns the rights to hundreds of exhibitions ranging from the House & Garden Show to the Conde Nast Traveller Luxury Fair.The takeover will make Blackstone one of the biggest event-owners in the UK, and will come less than three years since Clarion last changed hands.Exhibitions like those staged by Clarion have demonstrat...
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