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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 Live: Shares close flat as UK GDP shrinks by 0.5%, BP CEO quits, US inflation up

The shock resignation of one of the UK’s most influential captains of industry was the main talking point on London’s stock market today, as the FTSE 100 held steady overall.

Shares in BP took a hit after the sudden departure of its CEO grabbed the headlines. The UK’s fifth most valuable company said Bernard Looney would leave the £10 million-a-year job with immediate effect after he “was not fully transparent” over “personal relationships with company colleagues”.

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