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BP's New CEO, Whitbread's , Rheinmetall's Outlook
Description
On This episode of Stock Movers:
- BP Plc appointed Meg O’Neill as chief executive officer, replacing Murray Auchincloss after just two years in the job as the oil giant struggles to revive its fortunes following a botched pivot toward renewables.
- Whitbread shares rally as much as 4.5%, Thursday’s biggest gainer in the FTSE 100. Corvex Management announced it has accumulated a 6.05% ownership stake in the hotel operator and is calling for a strategic review of the company.
- Rheinmetall shares were little changed after the firm adjusted its full-year outlook, in a move Morgan Stanley says represents an increase to sales growth at the group level, but a reduction on a standalone defense basis.
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