After a quarter century of lagging behind competitors, British oil giant BP has attracted the attention of big hedge fund ...

Energy giant BP's shares have soared after activist hedge fund Elliott Investment Management revealed it has taken a stake in the British company. Shares in BP rose by as much as 8.2% in early ...

LONDON, Feb 10 (Reuters) - Shares in BP (BP.L), opens new tab rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that activist shareholder ...

According to Bloomberg, Elliott Management, a well-known activist hedge fund, has acquired a stake in the struggling UK oil giant BP (BP). This move has stirred up the London market, where ...

LONDON (Reuters) - Shares in BP rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that activist shareholder Elliott Management will press for ...

LONDON (Reuters) - Shares in oil major BP rose as much as 7% to their highest since August in early trade on Monday after Reuters reported Elliott Management had built a stake in the company, citing a ...

BP confirmed thousands of job cuts in a statement sent to Rigzone on Friday. “Last year, we began a multi-year program to simplify and focus BP,” the statement noted. “We are strengthening ...

Energy giant BP (LON: BP) unveiled nearly 8,000 job cuts on Thursday, as part of corporate cost cutting measures across its global operations. Confirming the job losses, the FTSE 100 company said ...

BP is planning to cut more than 5% of its 90,000-strong workforce as part of a cost-cutting drive. The British oil giant told employees in a memo Thursday that it would slash around 4,700 jobs ...

Energy giant BP is to cut 4,700 jobs from its workforce across the globe and 3,000 from its contractor, making a total of 7,700. The company employs some 90,000 employees worldwide. Its chief ...

The company made the announcement in a memo to employees Thursday, CNN reported. BP said it had plans to cut as many as 3,000 contractor jobs, 2,600 of which already had been eliminated.