Oil giant CEO gives up half of £10m joining bonus

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Oil giant CEO gives up half of £10m joining bonus
1st December 2014

The new CEO of British oil and gas company the BG Group has had his joining bonus of £10million cut in half. 

Norwegian, Helge Lund, is said to have taken the decision himself for the good of the company’s shareholders. 

Meanwhile, Balfour Beatty are receiving bids from other companies to take over part of the business following a torrid year for the building firm. 

Finally, oil prices have fallen to a five-year-low, meaning petrol should be cheaper in the run up to Christmas. But Simon explains the price-drops could have negative effects on British pensions. 

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