BP’s race to cut costs
The hedge fund Elliott is turning up the heat on BP with a demand for deep spending cuts
FT News Briefing · Forhecz Topher
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Show Notes
Tesla’s first-quarter adjusted profits dropped 39 per cent and the IMF has downgraded outlooks for G7 nations and big economies such as China and India. Plus, we take a look at whether BP can turn things around to catch up with its rivals.
Mentioned in this podcast:
Elon Musk to prioritise Tesla over White House role as profits slump
IMF warns of rising US recession risk and defends Fed policy
Vladimir Putin offers to halt Ukraine invasion along current front line
Will going back to basics restore BP’s fortunes?
Donald Trump says he has ‘no intention’ of firing Jay Powell
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian, Ethan Plotkin, Lulu Smyth, and Marc Filippino. Additional help from Katie McMurran, Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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