Live, rolling coverage of business, economics and financial markets as transport and motor fuel prices contribute to decline in inflation
Stock markets around Europe have mostly fallen in the opening mintues of trading, following Asian markets lower.
The FTSE 100 is down 0.2%, with banks the biggest fallers. Commodities companies – including Glencore even as it basks in record profits – dipped in tandem with oil and gold.
EUROPE’S STOXX 600 DOWN 0.2%
FRANCE’S CAC 40 DOWN 0.1%, SPAIN’S IBEX UP 0.2%
EURO STOXX INDEX DOWN 0.1%; EURO ZONE BLUE CHIPS DOWN 0.1%
GERMANY’S DAX UP 0.1%
The global pandemic, recovery from it and years of underinvestment, followed by conflict in Europe, exposed pre-existing vulnerabilities in energy security and supply chains, underpinning the generally high and volatile 2022 commodity price environment, which enabled the group to generate record profitability for the year.
A limited number of shareholders looked for opportunities to accelerate our current total emissions reduction pathway (50% reduction by 2035), while some raised the prospects for incremental growth in our coal production. However, the overwhelming majority of shareholders reiterated their support for our current responsibly managed coal decline strategy and associated targets.
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