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Any other business

Why cheap oil could mean a Labour victory

Plus: Speak up, Stefano Pessina; and a bouquet for Ocado

7 February 2015

9:00 AM

7 February 2015

9:00 AM

BP’s profits are down, and the oil giant is slashing up to $6 billion out of its investment plan for the year. At Shell, the cut could amount to $15 billion over the next three years. At troubled BG, still waiting for new chief executive Helge Lund to arrive, capital spending will be a third lower than last year.

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