Major Moves in Business and Media: A Deep Dive
The Financial Times highlights significant developments: Wise's co-founder opposes a U.S. move over governance changes, BP appoints Albert Manifold as chair amidst a strategy shift, potential regulation changes for YouTube, and Ofwat's replacement as regulator in England and Wales.
Financial news highlights new and strategic shifts among major companies and regulators. Wise's co-founder is urging investors to reject the company's proposed U.S. move, citing concealed governance alterations.
BP has appointed Albert Manifold, former chief of CRH, as chairman to guide them through strategic reversals to improve stock performance. This shift comes as BP navigates a challenging landscape in a bid to rejuvenate its financial standing.
Meanwhile, regulatory changes loom as Britain's media regulator considers enforcing prioritization of local public service content on platforms like YouTube, and Ofwat will be abolished in favor of a new oversight entity for England and Wales.
(With inputs from agencies.)
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- Wise
- BP
- YouTube
- Ofwat
- regulation
- shareholders
- media
- chairman
- investment
- oversight
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