New boss Murray Auchincloss reverses move away from fossil fuels, which had weighed on company’s share price

The head of BP has imposed a hiring freeze and halted new offshore wind projects, in an apparent attempt to placate investors who are unhappy with the oil company’s green targets.

Murray Auchincloss, BP’s former finance chief, took up the role of CEO in January after the shock departure of his predecessor, Bernard Looney, with a promise to focus on delivering value for shareholders.

Retailer says AI-enabled phones and computers helped pre-tax profits rise by 10% despite UK sales slide

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The boss of the UK electrical chain Currys has said it stands to gain from the rise of artificial intelligence, with AI-enabled mobile phones and computers selling well, as the company battles to get back on track.

Samsung’s Galaxy S24 mobile phone, which uses AI tools to offer better photography and instant translation, is one of its bestsellers, alongside more traditional products such as large, 85-in-plus TV screens, boosted by the Euro 2024 football tournament, along with air fryers, action cameras and drones.