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BP begins costs review as quarterly profits of £1.77bn beat forecast

Oil and gas group trying to fend off activist investors says it ‘can and will do better’ for its shareholdersBusiness live – latest updatesThe oil and gas group BP is launching a fresh cost-cutting scheme, despite reporting better-than-expected profits, as it tries to do more for its shareholders to fend off pressure from activist investors.It said it would begin a fresh review of its business when its new chair joins in September. Continue reading...

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