Latest news with #bpulse
Yahoo
4 days ago
- Automotive
- Yahoo
A weekend of fun for families promised at CarFest
If you're looking for summer holiday activities for the family, this year's CarFest promises another weekend of fun for all at Laverstoke Park Farm, Hampshire across the upcoming bank holiday weekend (Friday, August 22 to Sunday 24). Now in it's 14th year, CarFest – the brainchild of radio presenter Chris Evans – offers an incredible combination of cars, food, live music and family entertainment. Presented by bp pulse, at the centre of the action is the Michelin–Protyre Autocare Track, with three live shows each day featuring more than 140 extraordinary vehicles, from pre-war Bentleys and classic Bugattis to today's most powerful supercars, Formula 1 icons, NASCARs, and cutting-edge EVs. For racing enthusiasts, Track Stars showcases open and closed-wheel icons, including the Spice C2 Le Mans and the much-missed Eddie Jordan's 1998 Jordan 198, famously driven by Damon Hill, while Motorsport Mayhem ramps up the action with drift demos, NASCAR thrills, and plenty of tyre-shredding fun. The Drag Show celebrates raw power with roaring quarter-mile machines, and Stage Stars: Historic Rally revisits the fierce Group B rally era. There's family-friendly excitement too, from performance-ready SUVs and fast family haulers to the sunshine vibes of dune buggies and beach-inspired builds. While cars remain at the heart of the action, CarFest is proudly seven festivals in one – with entertainment for all ages and interests. Across the weekend, visitors can enjoy live music from big names including Busted, Madness, Rita Ora, Travis, Squeeze, Sam Ryder and Kim Wilde. Beyond the main stage, there's even more to discover with FoodFest's tastings and demonstrations, SpaFest's wellbeing experiences, StarFest's celebrity conversations, and a packed programme of performances, talks and workshops across The Author's Stage and beyond. CarFest remains true to its purpose – giving back. One hundred percent of profits go to UK children's charities, including BBC Children in Need, Rainbow Trust, Ellen MacArthur Cancer Trust, Teenage Cancer Trust, Starlight, Young Epilepsy, Naomi House & Jacksplace, Sebastian's Action Trust, Max's Marathon and Comic Relief. From vintage cars and track thrills to live music and family fun, CarFest 2025 offers something for everyone – all in support of good causes.
Yahoo
11-07-2025
- Automotive
- Yahoo
BP to Divest Netherlands-Based Retail & EV Businesses to Catom
BP plc BP has entered into an agreement to divest its mobility and convenience, as well as bp pulse, businesses in the Netherlands to Catom. The divestment, expected to be completed by 2025-end, is part of BP's previously announced $20 billion divestment program. During its February strategy update, BP announced a divestment target while also aiming to reduce its debt and boost cash flow. The company claimed a renewed focus on fossil fuels, aiming to rebuild investor confidence following its unsuccessful venture into the renewable sector. The deal involves around 300 retail sites owned or branded by BP, some of which have on-site EV charging infrastructure. It also involves 15 active bp pulse EV charging hubs, eight currently being developed, and BP's associated fleet business in the Netherlands. Based in the Netherlands, Catom is a rapidly expanding player in the trade, distribution and sale of fuels and lubricants. With the latest acquisition, Catom will expand its OK retail network to more than 400 retail sites in strategic locations across the country. Catom was selected as the successful bidder with the best overall offer, including long-term plans for the business. With this acquisition, Catom is on track to become the number one brand in its industry in the Netherlands. The transaction adds to BP's ongoing portfolio reshaping, which has already included the divestment of U.S. midstream assets, the sale of its interests in Canadian oil sands and its exit from retail operations in select Asian markets. BP previously announced its plans to generate asset sales worth $3-$4 billion in 2025. Per its first-quarter 2025 results, $1.5 billion worth of deals had already been signed or completed. No financial details have been disclosed, pending regulatory approvals. Notably, the deal will significantly contribute toward BP's 2025 annual divestment target and long-term restructuring strategy. The deal highlights the ongoing consolidation trend in Europe's downstream sector, where smaller regional firms like Catom are capitalizing on scale and regional adaptability to expand both across fossil fuel and EV infrastructure markets. For BP, this marks continued progress in its strategic shift away from localized retail operations as it pivots toward more scalable, integrated energy solutions. Shares of BP have gained 17.6% in the past three months compared with the industry's 13% growth. Image Source: Zacks Investment Research BP currently carries a Zack Rank #3 (Hold). Investors interested in the energy sector might look at the following companies that presently carry a Zacks Rank #2 (Buy) each. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Williams Companies, Inc. WMB is a premier energy infrastructure provider in North America. The company's core operations include finding, producing, gathering, processing and transporting natural gas and natural gas liquids. Williams boasts a pipeline system of more than 33,000 miles and is one of the largest domestic transporters of natural gas. Williams received a credit rating upgrade from S&P to BBB+ in the first quarter, while Moody's assigned a positive outlook, both reflecting the company's improved financial stability. Williams maintains a disciplined leverage target of 3.5x to 4.0x, ending the quarter at 3.65x. Strong operating cash flow of $1.4 billion (up 16% year-over-year) and a dividend coverage ratio of 2.37x on an AFFO basis provide ample financial flexibility to support growth initiatives while continuing to return capital to shareholders. Oceaneering International OII delivers integrated technology solutions across all stages of the offshore oilfield lifecycle. The company is a leading provider of offshore equipment and technology solutions to the energy industry. OII's proven ability to deliver innovative, integrated solutions supports ongoing client retention and new business opportunities, ensuring steady revenue growth. In terms of financial strength, the company ended the first quarter with $382 million in cash and no borrowings under its secured revolving credit facility. It also reported $1.2 billion in order intake during the quarter, highlighting a strong and diversified backlog. Oceaneering's consolidated first-quarter 2025 adjusted EBITDA margin expanded to 15%, up from 12.4% a year ago, signaling meaningful operating leverage. Oceaneering's management reaffirmed its full-year 2025 EBITDA guidance of $380 million to $430 million, reflecting confidence in the trajectory of its business segments despite macro uncertainties. W&T Offshore WTI benefits from its prolific Gulf of America assets, which offer low decline rates, strong permeability and significant untapped reserves. The company's acquisition of six shallow-water fields in the GoA added 18.7 million barrels of proved reserves and 60.6 million barrels of proved plus probable reserves. The firm is focused on strategically allocating capital toward organic projects, which should boost its production outlook. WTI has a Value Score of B. W&T Offshore boasts an impressive track record of having delivered positive cash flows for 28 consecutive quarters, which demonstrates financial stability and operational efficiency. This consistency indicates the company's ability to efficiently manage its operations and generate sustainable cash flows, which could potentially lead to shareholder value creation and stability in the long term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Williams Companies, Inc. (The) (WMB) : Free Stock Analysis Report BP p.l.c. (BP) : Free Stock Analysis Report W&T Offshore, Inc. (WTI) : Free Stock Analysis Report Oceaneering International, Inc. (OII) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
