Shell weighs historic BP acquisition as shares slide
Shell is reportedly exploring the possibility of acquiring rival oil giant BP, according to Bloomberg. The potential takeover—still in early discussions—could mark one of the oil and gas industry’s largest deals, combining two of the UK’s biggest energy firms. BP’s declining share value and investor scepticism over its turnaround strategy have fuelled speculation.
However, Shell’s CEO Wael Sawan has preferred share buybacks over major acquisitions. BP’s profits have halved year-on-year, while Shell posted stronger-than-expected Q1 results. Any move remains uncertain as Shell weighs the long-term strategic value against internal capital returns.
Employment rights bill criticised for failing to deliver promised protections
The Institute of Employment Rights (IER) has warned that the Employment Rights Bill, in its current form, falls short of protecting workers. It allows “fire and rehire” under loosely defined financial threats and fails to address loopholes around zero-hours contracts and bogus self-employment. The IER argues that without stronger enforcement and universal worker status, exploitative practices will persist.
Critics say the Bill adds complexity without real safeguards and risks breaching international labour standards. The IER calls for a clear worker definition and real power for unions to ensure the legislation delivers meaningful, lasting protection for UK workers.
UK business optimism climbs despite global and domestic pressures
UK business confidence has reached its highest point since September 2024, with the Institute of Directors’ index rising from -58 in March to -51 in April. Leaders’ confidence in their firms also improved, and headcount expectations were positive for the first time since late 2024. Investment and export outlooks rose, though still lagging behind last year’s highs.
Despite high cost pressures and unresolved structural issues, signs of recovery are evident. Experts urge the government to address energy costs, skills shortages, and regulatory delays to maintain momentum and convert optimism into sustained economic growth.