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Glass Lewis, a leading proxy adviser, has advised investors to vote against BP's chair Albert Manifold because the board chose to exclude a climate‑strategy resolution from the upcoming annual general meeting.The resolution, put forward by activist shareholder group Follow This, sought a discussion of BP's long‑term strategy under scenarios of declining oil and gas demand.BP, currently pivoting back to oil and gas after a faltering renewable push, appointed Manifold in October with a promise to help the company “reach its full potential”.In a parallel leadership change, the firm named Meg O’Neill, a former ExxonMobil executive, as chief executive – making her the first woman to lead BP and its fourth CEO since 2023.Glass Lewis argued that the board’s decision to drop the climate proposal raises serious questions about transparency, shareholder communication and responsiveness, according to a note first reported by Reuters.Manifold responded on BP’s website, stating that the board concluded the Follow This proposal was invalid and would be ineffective if passed.Another proxy adviser, ISS, also recommended voting against BP’s request to retire two older climate‑impact reporting resolutions, contending that the proposals remain relevant despite newer reporting frameworks.Follow This disclosed that 12 institutional investors plan to oppose BP’s move to scrap its climate disclosures, and its CEO Mark van Baal warned that more than 25% of shareholders could vote against the resolution, enough to block it.O’Neill, addressing staff, highlighted the “significant complexity” of today’s environment – geopolitical tension, rapid technological change, and shifting global energy demand – and reaffirmed BP’s mission to deliver energy safely, reliably and efficiently.

Richard Walker, chair of Iceland and cost of living tsar for the UK government, has offered a job to Walker Smith, a 54-year-old former Waitrose employee who was sacked for confronting a shoplifter at a Clapham Junction store. Smith had worked at Waitrose for 17 years before being fired after stopping a shoplifter from taking Easter eggs, including Lindt chocolate bunnies, from the store. The incident led to a public outcry, with many criticizing Waitrose's decision to sack Smith. In a LinkedIn post, Walker wrote: “You’re welcome to a job with us. We even share the same name …” An Iceland spokesperson confirmed that the supermarket chain had been in touch with Smith and offered him a job. Waitrose has doubled down on its decision to sack Smith, citing the danger to life in tackling shoplifters. However, politicians, including Nigel Farage and Chris Philp, have criticized the supermarket's decision, with Farage saying that the UK now favors criminals over law enforcers. A fundraiser for Smith has raised over £7,500 to help with his rent and bills. Smith had apologized to his manager for his role in the incident and had previously been instructed not to approach suspected shoplifters.

Universal Music Group (UMG), the world's largest music company, has received a takeover offer from billionaire Bill Ackman's hedge fund, Pershing Square. The deal values UMG at over €50bn (£44bn). Pershing Square, based in New York, has offered a cash and stock deal to acquire the business, which is home to renowned artists such as Taylor Swift and Elton John.Ackman stated that while UMG, led by British-born Sir Lucian Grainge, has done an excellent job in nurturing its artist roster and generating strong business performance, its share price has lagged due to issues unrelated to the performance of its music business. He specifically mentioned the delay in UMG's US listing, underutilization of its balance sheet, and uncertainty around the French conglomerate Bolloré Group's 18% stake in the company.Shares in UMG, listed in Amsterdam since 2021, have lost more than a quarter of their value in the past year. The company is one of the 'big three' record labels, alongside Sony Music Entertainment and Warner Music Group, with a diverse roster ranging from classical music to stars like Adele, Drake, and Ariana Grande.Ackman also cited a 'lack of investor credit' in the company's valuation of its €2.7bn stake in the music streaming service, Spotify. Pershing Square, which Ackman established in 2004, controls over $26bn in assets and bought a 10% stake in UMG in 2021.As part of the proposed deal, Pershing Square would add Michael Ovitz, a veteran talent agent, as chair, along with two representatives from Pershing Square to UMG's board. The deal would also involve a new employment contract and compensation arrangement for Sir Lucian Grainge. Under the terms, UMG would merge with a blank-cheque company set up by Pershing Square and then list on the New York Stock Exchange. Shareholders would receive a total of €9.4bn in cash and 0.77 shares in the new company for every Universal share they own, representing a 78% premium compared to the company's closing share price on Thursday.

Match details: Real Madrid will host Bayern Munich at the Santiago Bernabeu on Tuesday, 7 April, kick‑off at 21:00 GMT, in the first leg of the Champions League quarter‑finals. Bayern, under Vincent Kompany, arrive in Madrid riding a wave of confidence, having dispatched Atalanta 10‑2 on aggregate in the last‑16 and gone 14 matches without defeat since a January loss. Harry Kane’s potential comeback adds extra intrigue. The England striker, who has netted 48 goals in 40 games across all competitions this season, missed Bayern’s 3‑2 Bundesliga win at Freiburg with an ankle problem. Joshua Kimmich quipped that Kane “would play in a wheelchair,” while Kompany expressed a “feeling” that the striker will be fit for Tuesday. Despite Real’s storied pedigree – 15‑time European champions featuring stars such as Kylian Mbappé, Vinícius Júnior and Jude Bellingham – many analysts view Bayern as the slight favourites, citing their aggressive, high‑pressing approach and the recent form of newcomers Michael Olise and Luis Diaz. Real Madrid, meanwhile, grapple with a spate of injuries. Thibaut Courtois is sidelined with a thigh issue, handing Andriy Lunin the starting goalkeeper role. Rodrygo is also out, while Ferland Mendy and Dani Ceballos remain doubtful. Midfielder Federico Valverde is expected back after serving a suspension, and Jude Bellingham may start on the bench as he recovers from a hamstring strain. Coach Álvaro Arbeloa downplayed the recent La Liga defeat to Mallorca, insisting it will not affect the team’s performance in Europe. He stated, “I know what my players are capable of, and they understand the importance of Tuesday’s game.” Bayern’s side will also miss several players through injury – goalkeepers Sven Ulreich and others – while a final fitness test will determine whether Kane can lead the line. If he is unavailable, Nicolas Jackson is slated to spearhead the attack. Predicted line‑ups (subject to change):Real Madrid – Lunin; Alexander‑Arnold, Rüdiger, Huijsen, Carreras; Valverde, Tchouaméni, Pitarch, Güler; Mbappé, Vinícius Jr.Bayern Munich – Neuer; Stanisic, Upamecano, Tah, Laimer; Kimmich, Goretzka; Olise, Gnabry, Díaz; Kane. The Bernabeu atmosphere is expected to be a decisive factor. Bayern veteran Karl‑Heinz Rummenigge warned that the stadium’s “hurricane” of fans demands “nerves of steel” from both sides. Historically, the two clubs have met 28 times, each securing 12 victories with four draws. Recent head‑to‑head encounters have favored Madrid, including a 2‑1 win in the 2024 semi‑finals. Bayern hope to rewrite that narrative after their 2012 triumph over the Spanish giants. With both teams boasting a blend of experience and emerging talent, the first leg promises a tactical battle that could set the tone for the remainder of the tournament.

Ipswich Town secured a vital 2-1 victory over Birmingham City on Easter Monday, propelling them into the automatic promotion places in the Championship. The win came courtesy of a decisive goal from Kasey McAteer, his first since joining the club last summer.The match was played against the backdrop of controversy surrounding Nigel Farage's visit to Portman Road on March 23. Farage, the leader of Reform UK, was seen wearing an Ipswich shirt with the number 10 on it, sparking division among fans and a heated debate about the club's apolitical stance. The club's chairman, Mark Ashton, later apologized for any hurt, pain, or distress caused by the incident.On the pitch, Ipswich dominated proceedings, with McAteer scoring the winning goal after Birmingham's Carlos Vicente had given them a surprise first-half lead. The hosts' full-backs played a crucial role in securing the draw and ultimately the win, with Darnell Furlong's cross leading to Ben Johnson's equalizing goal.The second half saw Birmingham push for an equalizer, with Ibrahim Osman's introduction making a significant impact. However, despite some nervy moments, Ipswich held firm, and McAteer's goal sealed the win and sent the home fans into raptures. This victory moves Ipswich into second place on goal difference above Millwall, with Middlesbrough still to play their evening game.

President Donald Trump’s recent proclamation that Iran must reopen the Strait of Hormuz or face a combined "Power Plant Day" and "Bridge Day" has thrust senior U.S. officers into a stark ethical quandary: obey a presidential directive that could breach international law, or risk court‑martial for insubordination. In a post on his Truth Social platform, Trump warned that failure to comply would result in an unprecedented strike on Iran’s civilian energy infrastructure, a move that legal scholars agree would amount to a war crime against 93 million civilians. Two former judge‑advocate general officers, Margaret Donovan and Rachel VanLandingham, emphasized that such rhetoric, if acted upon, would place service members on a “path of no return,” directly contradicting the extensive legal training that defines permissible orders. Historical precedent underscores the gravity of the situation. During the Vietnam War, officers who participated in the My Lai massacre were ultimately held accountable, with the court rejecting the “just following orders” defence as the orders were deemed “palpably illegal.” Professor Charli Carpenter of the University of Massachusetts Amherst notes that while many troops can identify manifestly unlawful commands in surveys, translating that awareness into real‑time refusal is far more challenging, especially when the military culture heavily emphasizes obedience to the chain of command. Since assuming office, Defense Secretary Pete Hegseth has reshaped the Pentagon’s legal advisory structure, dismissing senior JAG officials and dismantling the Civilian Harm Mitigation and Response unit created under the previous administration. Consequently, service members now rely on a “GI rights hotline,” whose usage has reportedly surged under the current leadership. Beyond conventional strikes, Trump’s escalating rhetoric has raised alarms about the potential use of nuclear force. Under U.S. protocol, the president alone can initiate a nuclear launch, with the “nuclear football” – a briefcase containing strike options and authentication codes – handed to a close aide. The only safeguard is for senior commanders to deem such an order illegal, a step that experts fear may never occur. Former Joint Chiefs Chairman Gen. Mark Milley, during the previous administration, reportedly instructed senior officers to stay involved in any nuclear decision due to concerns about Trump’s volatility. Nuclear weapons scholar Jeffrey Lewis now warns that confidence in any contemporary intervention is essentially nonexistent, citing Trump’s pattern of purging dissenting military personnel. As the deadline looms, the United States faces a precarious balance between upholding international humanitarian law and navigating a command structure that may be unwilling or unable to challenge the commander‑in‑chief’s most extreme directives.

Sir Craig Reedie, a giant of the Olympic movement, has passed away at the age of 84. He served as chair of the British Olympic Association for over a decade and was instrumental in securing the 2012 Olympics for London.Reedie was also the president of the World Anti-Doping Agency (WADA) during a tumultuous period when Russia was found guilty of state-sponsored doping. He recommended banning Russia from the 2016 Rio Games, although this was ultimately rejected by the International Olympic Committee.Tributes have poured in for Reedie, with Sebastian Coe, the World Athletics president, describing him as a mentor, wise counsel, and great friend. Coe credited Reedie with playing a pivotal role in London's successful bid to host the 2012 Olympics.Reedie's dedication to the Olympic movement and clean sport has been widely praised. Dame Katherine Grainger, the current BOA chair, highlighted his tireless efforts to promote Olympic sport and his commitment to fair play.

Jamie Dimon, chairman and chief executive of JPMorgan Chase, used his highly‑watched annual letter to shareholders to press the White House to strengthen economic cooperation with U.S. allies, warning that a decline in shared prosperity could produce "truly adverse consequences" for democratic nations.His message arrives as the Iran‑Israel conflict enters its sixth week, a war that has already rattled global energy markets. Economists cited in the letter caution that prolonged fighting could push oil prices above $170 a barrel, a level capable of triggering a worldwide recession.Dimon’s appeal is widely read as a thinly‑veiled rebuke of President Donald Trump. Earlier this year, Trump filed a $5 billion lawsuit against Dimon and JPMorgan, accusing the bank of “de‑banking” him. The timing of Dimon’s comments—just days after Trump’s aggressive rhetoric urging foreign governments to "go get your own oil"—underscores the growing rift between the bank’s leadership and the administration."Economic weakening of the world’s democracies or a fragmentation of their economic bonds could lead to truly adverse consequences," Dimon wrote. He warned that adversarial states aim to make allies less dependent on the United States, potentially turning them into economic “vassals” of hostile regimes.Beyond geopolitics, Dimon highlighted the broader macro‑economic outlook. He warned that the war could generate "sticky" inflation, higher commodity prices, and disrupted supply chains, which together may force interest rates higher than markets currently anticipate. He echoed other economists in warning that inflation could rise rather than fall in 2026.Despite these challenges, Dimon expressed optimism about the U.S. economy, affirming his belief that "the American Dream is alive." He also turned to emerging technology, noting that artificial intelligence could deliver breakthroughs in healthcare, manufacturing, and safety, ultimately shortening the work week and extending life expectancy.Dimon’s annual letter—spanning nearly 50 pages and more than 20,000 words—remains a barometer for Wall Street sentiment. In it, he also critiqued the administration’s tariff policy, arguing that while tariffs have forced renegotiations, a comprehensive foreign‑economic strategy should promote growth both for the United States and its partners.As transatlantic relations strain under soaring energy costs and divergent trade policies, Dimon’s call for a coordinated economic front underscores a pivotal moment: the United States must decide whether to lead a cohesive democratic coalition or risk ceding influence to autocratic powers.

Thousands of independent UK businesses are preparing for heating‑oil expenses to more than double after the Iran war sent Europe’s fuel markets to fresh record highs.Roughly 7% of all small and medium‑sized enterprises (SMEs) heat their premises with oil, and in many rural locations the figure climbs to about 17%, according to the Federation of Small Businesses (FSB), which represents around 200,000 firms and sole traders.With many rural firms off the gas grid, they depend on heating oil—a kerosene derivative linked to jet‑fuel prices. Prices have surged dramatically: a supplier charged 54.9p per litre in January and demanded 129p per litre by late March, a rise of 116%. One hotel and restaurant owner in North Yorkshire, Anthony Jenkins, reported that his annual oil bill, normally around £3,000, is now unaffordable.Jenkins said he has cut fuel usage by half and is asking guests to lower radiator settings rather than open windows. He also hopes to shift to solar‑heated water as daylight hours increase.The FSB has urged the UK competition watchdog to extend its probe of the heating‑oil market to include SMEs, noting that the same shock has lifted North‑west European jet fuel to $1,900 per tonne and diesel to $1,600 per tonne, according to Argus.Trade bodies warn that the volatility creates a fertile environment for rogue energy brokers who may push small firms into unfavorable long‑term contracts. Tina McKenzie, policy chair of the FSB, stressed the need for stricter broker regulations, noting that many SMEs lack the bargaining power of larger corporations.Small businesses also miss out on the government’s household energy‑price cap and other consumer protections, despite their energy usage resembling that of households. McKenzie added that the market’s rapid evolution leaves many firms “nervous and vulnerable”.Proposals to tighten broker oversight, including tighter scrutiny by Ofgem, are pending new legislation. An Ofgem spokesperson said the regulator has reminded suppliers and brokers to “treat customers fairly, prioritize transparent pricing and good consumer outcomes”, acknowledging the “concerning volatility” caused by the Middle‑East conflict.