BP taps Shell's Emma Lewis to head downstream business - Reuters

More in Business

• CVS to split off drugstore business in major breakup of healthcare giant

  Facing mounting regulatory pressure and evolving market dynamics, the healthcare conglomerate is unwinding its integrated model by spinning off its massive retail footprint by early 2028. This restructuring reverses a landmark 2018 acquisition and isolates the retail pharmacies from the insurance and pharmacy services divisions. The planned separation allows the company to adapt to legislative reforms targeting pharmacy benefit managers while pursuing an aggressive operational turnaround.

  2 min read
• Auto sales growth to cool post-festive season, says Monarch; bets on Minda Corp, RK Forgings and Sundram Fasteners

  High base effects and fading seasonal tailwinds are set to dampen automotive momentum across most segments in the second half of fiscal year 2027. Consequently, market attention is shifting toward component manufacturers that possess company-specific expansion drivers independent of overall vehicular volume trends. This strategic rotation highlights suppliers with diversified operations capable of outperforming during broader industry downshifts.

  5 min read
• Hemnet CEO Jonas Gustafsson to step down effective Thursday

  The Swedish property platform faces an immediate executive transition as its top leader prepares to vacate his post. This departure takes effect this Thursday, concluding his current leadership tenure. The shift marks an immediate changing of the guard at the helm of the organization.

  1 min read