BP boss expects new year dividend

BP Managing Director Bob Dudley poses for the media outside BP's headquarters in London July 27, 2010Bob Dudley formally takes over from Tony Hayward as BP’s chief executive this week

BP may resume paying a dividend to shareholders in the new year, incoming chief executive Bob Dudley has said.

In an exclusive interview with the BBC, he said BP’s board would meet to discuss restoring the dividend in the coming months.

BP stopped paying out money to shareholders following the oil disaster in the Gulf of Mexico.

Mr Dudley will formally take over from Tony Hayward as BP’s chief executive on Friday.

“The board will get together and talk before the end of the year about restoring a dividend in some form in the first quarter,” he told the BBC’s business editor, Robert Peston.

“Its obviously for the board to decide, [but] from what I see happening in the performances of the businesses, i believe we will get there.”

His plans for restoring the dividend will be encouraging news for shareholders.

Last year, BP paid out about £7bn in dividends, making it the single biggest dividend payer in the FTSE 100 list of leading companies.

Mr Dudley also pledged to make BP “a good compelling investment for shareholders”.

Despite the damage to the company’s reputation caused by the oil disaster, Mr Dudley said the company was fully committed to doing business in the US.

But he acknowledged that the accident had been “a wake up call” to the entire oil and gas industry, and BP would have to demonstrate it had “learned its lessons”.

“If we meet our obligations, like we have been, then over time people will say – this was a good corporate citizen to respond to an accident that has been a wake up call to the entire oil and gas industry.

“If we share our learnings to ensure this doesn’t happen again then maybe we can restore our reputation in the US,” he said.

“The US uses a lot of energy, and we are the biggest energy producer in the US, so it’s an important part of our portfolio globally.”

Mr Dudley also defended outgoing chief executive Tony Hayward, who was widely criticised for his handling of the oil spill, saying he had done “a great job”.

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150 job losses at carton factory

Tetra Pak, Wrexham Industrial EstateTetra Pak is considering ceasing production at its Wrexham factory, becoming a finishing warehouse

A cartons factory is planning to stop production with the loss of 150 jobs in Wrexham.

Packaging giant Tetra Park said the decision was “extremely difficult” but it hoped to keep another 135 jobs by creating a warehouse.

The company said it had to reorganise, with changes in the export market, which account for half its business.

Clwyd South MP Susan Elan Jones said she was “very shocked and sorry” and wants to meet management and unions.

“My key concern now will be to ensure that the local workforce receive the best possible terms.”

In a statement, the company – which has more than 21,000 workers worldwide – said it was starting a consultation on job losses at Wrexham industrial estate, where it has its UK headquarters.

Market changes included products being offered in other packaging formats.

Tetra Pak said it had been able to make up the losses by supplying export markets, including Russia and the Middle East, but these were now able to support themselves from 2011.

Rik Jacobs, Tetra Pak managing director for the UK and Ireland, said: “The decision to consult on Wrexham’s future has been an extremely difficult one, but is necessary to ensure our continued competitiveness.

“If the proposal to close production in Wrexham goes forward, regrettably there will be significant restructuring and job losses.”

Mr Jacobs said if the closure went ahead it would offer “fair and equitable severance packages over and above the statutory requirements”.

The company, founded in Sweden more than 50 years ago, produces cartons and packs for milk and juices, as well as food and wine at the Wrexham plant, employing around 265 workers.

Around 115 staff would remain, with 20 more recruited under the proposals.

Tetra Pak set up in north Wales in 1979.

“Our proposal is that we will remain in Wrexham with around 135 jobs,” said Mr Jacobs.

“We intend to create over 20 new jobs to operate a finished goods warehouse to service the UK and Irish markets and ensure we are in the right shape for future growth.”

The consultation period with staff and unions will last at least 90 days.

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Nato raid ‘kills Pakistan troops’

breaking news

Three Pakistani soldiers have been killed in an attack by Nato helicopters during a cross-border attack, Pakistani officials say.

An unnamed Pakistani security official told the AFP news agency that the soldiers were killed in an “unprovoked attack” on a Pakistani checkpoint.

The Nato helicopters crossed up to 5km (three miles) into Pakistan, he said.

The strike was the third Nato raid across the border into Pakistan over the past week.

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Councils ‘fail to collect’ £38m

Council tax billMore than £1bn was collected in council tax last year

Local authorities in Wales failed to collect more than £38m in council taxes last year, official figures show.

While councils collected more than 96% of all council taxes, they fell short of the amount they had budgeted to be collected.

That means almost £6.5m went missing from local government coffers.

Steve Thomas, from the Welsh Local Government Association, said: “In terms of council tax collection our rates are as good as anywhere in the UK.”

COUNCIL TAX – WALES (2009/10)The total amount due to be collected in council tax in Wales was £1,056mBy March 2010, councils had collected an estimated 96.4% of all council tax dueThat equates to £1,018m – 99.4% of the amount budgeted to be collectedThe 0.63% not collected equates to £6.425m.

Source: Stats Wales

Mr Thomas, chief executive of the WLGA, said local governments were “caught between the devil and the deep blue sea”.

He said: “We have to balance statutory obligations with anti-poverty initiatives. We get criticised for chasing people through the courts and issuing summons if they don’t pay their council tax.”

The figures from the Welsh Assembly Government show that while £1,056m was due to be collected, authorities had collected £1,018m, a gap of £38m.

The Tax Payers’ Alliance accused local authorties of allowing money to “slip through their fingers at a time when public finances were under considerable strain”.

A spokeswoman said: “In this case, the £38m lost through uncollected council tax might otherwise have been spent protecting frontline services or saving staff from redundancy.

“Local authorities must explore low-cost, reliable ways of taking council tax payments such as direct debit or using existing facilities like libraries as ‘payment centres’ which is being trialled by some.

“Ultimately though, with council tax having doubled over the past 10 years it’s unsurprising that many are struggling to pay.”

“We are also in the middle of a recession and people are struggling to pay council tax”

Steve Thomas Welsh Local Government Association

Mr Thomas said collection rates were always subject to the economic climate.

He said: “Part of the reason for uncollected council tax is a transient population, people who lose their jobs or their benefits.

“We are also in the middle of a recession and people are struggling to pay council tax.”

He added: “It financial terms £38m is a lot of money and we would like get 100% but even in the good times there were no scenarios where we were getting 100% of all tax.

“This is as good as it is going to get.”

A Welsh Assembly Government spokesperson agreed that local authorities had a “difficult balancing act as they try to maintain the amount that they collect in council tax when people are finding it harder to make ends meet”.

They added: “Helping people to weather the storm is a key assembly government priority.

“Helping people to weather the storm is a key assembly government priority.”

Welsh Assembly Government spokesperson

“As part of this, last year we launched guidance to provide councils with advice on collecting council tax in the current financial climate. We have also committed £1m per year 2008-2011 to help more people claim council tax benefit.”

Mr Thomas pointed out that local authorities in Wales had been tremendously consistent in terms of the amount of council tax collected.

“The introduction of direct debits has made a tremendous difference, but there are a lot of people in Wales who do not have a bank account, do not have a credit or debit card.

“And we could see people have tremendous difficulty in the coming year once cuts to things like housing benefit are introduced.”

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£1.8m tax bill for empty offices

Taxpayers have stumped up £1.8m in rent for empty offices, says a new report.

The Stormont Public Accounts Committee (PAC) said the IDB took on 25-year leases in Campsie for offices that were never occupied.

The leases taken out in 1991 and 1992 were brought to an end by IDB’s successor – Invest Northern Ireland – in 2008 and 2010.

PAC chair Paul Maskey said the government had been left for 19 years with “white elephants”.

Mr Maskey said the absence of risk management meant that the opportunity to break the Campsie lease after four years was never taken.

He said PAC was also concerned about poor project management and record keeping.

“Significantly, there was no inquiry into why the options to break the leases were missed. Such an inquiry would have allowed the epartment (of Enterprise, Trade and Investment) to determine whether any individual was culpable of negligence or misconduct and to learn valuable lessons,” he said.

The report also dealt with the Synergy e-Business Incubator (ScBI) in west Belfast.

It said there were similar failings in risk management, project management, record keeping and monitoring of performance.

For £1.2m investment, just 41 sustainable jobs in six companies were created as opposed to 100 jobs in 20 companies, the report said.

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Kashmir agitators to be released

Protest in Srinagar on 14 September 2010The protests are the biggest security challenge to Indian rule in many years

Authorities in Indian-administered Kashmir say men detained for pelting stones at security forces during the ongoing protests will be released immediately.

More than 100 civilians have been killed since June in protests against Indian rule.

Most of the clashes have been between young people throwing stones and Indian security forces.

India has announced a range of measures to defuse tension in the region.

A senior official in Indian-administered Kashmir said that 50 of the nearly 100 men held for stone-throwing would be handed over to their parents after “assurance” was given about the agitators’ future conduct.

Authorities have also decided to remove 16 bunkers used by security forces in the summer capital, Srinagar, which has seen the most violence during recent periods of unrest.

They said they were also reviewing the possibility of removing the controversial Armed Forces Special Powers Act, which gives sweeping powers to the army, from some disturbed areas.

The moves are part of an eight-point initiative announced by India’s federal government to ease the crisis in the region.

Tens of thousands of people have been killed in Kashmir since an armed revolt erupted in 1989.

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China frees Japanese ‘intruders’

The Chinese fishing vessel being led into a Japanese port 8 September 2010Tensions have been strained over the arrest of the captain of a Chinese trawler in disputed waters

China has freed three of four Japanese nationals detained a week ago and accused of intruding into a restricted military area in Hebei.

The Xinhua news agency said the fourth man was still being investigated for allegedly filming military sites.

They were held amid a diplomatic row between Beijing and Tokyo.

The dispute between the two neighbours centres on the seizing by Japan of a Chinese fishing boat and its crew after a collision in disputed waters.

Kyodo news agency in Japan reported that the four involved were in the construction industry and were believed to have been preparing to bid on a project to dispose of chemical weapons abandoned by Japanese forces in China at the end of World War II.

But they were accused of entering a closed military zone and arrested. According to state media the three Japanese nationals released on Thursday have admitted violating Chinese law.

The BBC’s Michael Bristow, in Beijing, says the release should help ease tensions between China and Japan.

Ongoing disputesGas fields: The countries argue over gas exploration rights in the East China SeaDisputed islands: Both countries claim ownership of Senkaku/Diaoyu islandsYasukuni Shrine: Memorial to Japan’s war dead which China sees as glorifying war criminalsQ&A: China-Japan islands row

Tensions have been high since Japan detained a Chinese captain whose fishing boat collided with Japanese patrol boats earlier this month.

The trawler was sailing in an area claimed by both countries, near uninhabited islands which may have oil and gas deposits.

Japanese prosecutors suspected the captain may have rammed the patrol ships deliberately.

He was eventually released after two weeks, but Japan has demanded an apology and insisted that China must pay damages for the repair costs of its two damaged patrol vessels.

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.

Sex change

Made in Dagenham scene of Ford women

A new film portrays women’s battle for equal pay at Ford’s Essex plant in the 1960s. But as the pay gap between working men and women endures, how much difference did they make?

The spotlight falls on the women of the Ford car plant in Dagenham, Essex, this week, just as it did when they got up from their sewing machines and walked out on strike in 1968.

Their story is the subject of a new British film, Made in Dagenham.

Women protest about pay grades at FordFrom the shop floor…

It tells how 187 car-seat cover machinists challenged the accepted norm and took industrial action in the battle to get their work recognised as skilled and equal to their male colleagues.

It follows the women as they brought car production at the bedrock of UK car manufacture to a halt, prompted the lay-off of thousands of workers and was only solved with the intervention of then secretary of state, Barbara Castle.

It was action that fanned out across the UK and led ultimately to the introduction of the Equal Pay Act in 1970, which outlawed discrimination on pay and conditions between men and women.

For those who did not live through the social shifts of the 1960s, the period after the post-war settlement, but before the UK slid into the economic abyss of the 1970s, a look through the newspaper cuttings of the time is a window on to a different world.

Actress Geraldine James (centre) with (from left) Eileen, Gwen, Sheila and Vera…To the red carpet: Dagenham’s women at the film’s premiere

It lets in breath of a febrile atmosphere of strong unions operating in a country based in manufacturing.

Whole sections of newspapers headlined “Labour News” describe strikes and planned absenteeism, not only at factories in industrial cities, but right down to the tranquil High Street stores of John Lewis or Selfridges.

But while the men were on the picket lines, as Jacqueline Scott, Professor of Sociology at the University of Cambridge, says: “It was a time when people still thought a woman’s primary job was the home and looking after the kids, and work was something secondary, largely pin money.”

Until the feisty Essex women of Dagenham walked out, that is.

The women sitting together in the offices of a London PR agency giggle and gossip as old friends. These days, they inhabit a demeanour far from the dispute-weary striker.

“They moved the mountain but the tectonic plates were already shifting”

Sarah Veale TUC

But Gwen Davis, Sheila Douglass, Eileen Pullan and Vera Sime, now aged in their 70s and 80s, were at the centre of the Ford dispute.

They say they never felt like trailblazers, at the forefront of the second wave of feminism

“We didn’t burn our bras on the way,” says Eileen.

The film conjures up a time of miniskirts and mopeds, but for them, there was no stripping off on the factory floor – one of the more “Carry On” aspects of the film.

Instead they were motivated by a sense of injustice, that their skilled work and therefore their pay, should be graded the same as male colleagues, not at the 87% of it they were paid.

“We were fighting for ourselves,” says Sheila. “For what we thought was our due.”

“It was because we were women and we were just paid less,” adds Gwen.

Their action surprised their colleagues who were often their fathers, brothers and male friends and relatives.

Barbara Castle (right) meets the Dagenham women strikersThe women found a sympathetic ear in Barbara Castle

They surprised their bosses, the country, and in Barbara Castle they found a politician who shared their feeling for fairness, culminating in the 1970 Act.

But the striking women voted to go back to work before they were granted equal pay, on a deal for 92% of male wages. So if the settlement fell short, how important were their actions in the equality fight?

“It was the catalyst, rather than the cause,” says Sarah Veale, head of equality and employment rights at the TUC. “They moved the mountain, but the tectonic plates were already shifting”.

As the 60s swung, she says, women working in factories were still lagging behind the middle class feminist movement. But as the female workforce grew and women became generally liberated in education and reproductive rights, there was a “growing feeling this was wrong”.

“What made it rush forward was these women doing something about it,” says Ms Veale. “To challenge the heterodoxy was massive.”

Critics point out the women were led by a male union representative, but those there at the time say the impetus came from the women themselves. And, initially, they had to fight entrenched union sexism, out to protect male jobs and pay.

Today, while official discrimination based on sex is illegal, a gender pay gap persists.

The Office for National Statistics latest Annual Survey of Hours and Earnings puts it at 20.2%.

Actress Rosamund Pike at the film premiereThe fight for equality – still a way to run?

The tasks of the Women and Work Commission, set up by Prime Minister Tony Blair in 2004, to examine how to narrow the pay gap, are ongoing. And despite the Equality Act of 2010, women are still waiting on a government decision on whether to make private companies reveal their pay gap.

And the film is released in a week where a woman as high profile as TV host Tess Daly tells the Observer Magazine: “…This is a business that favours men as hosts without a doubt and they’re often paid more for the same job, so I guess you could call that sexism.”

“I’ve no idea [why], it’s just a fact.”

Commentators see a rainbow of reasons.

While women today find it easier to make a start in the labour market, Dr Leen Vandercasteele, a post-doctoral research fellow University of Manchester, has found the drop off comes in career progression.

Others point to a lack of affordable childcare, the uneven divide of domestic work, that women more commonly work in “ghettoised areas, the Five Cs – caring, catering, cleaning, cooking, and childcare”.

Ford’s four women feel some women are still “used” by employers today, but they acknowledge the improvements. And, looking back, they are proud of their place in that process.

“It has definitely made history,” says Gwen. “It was a good fight. It was worth everything.”

This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.