Sunday newspaper round-up: BP, BAE Systems, Brexit

(Sharecast News) - Shell is studying a possible bid for rival BP to take advantage of its botched net zero strategy. According to Bloomberg, the oil major is looking at just how feasible and beneficial an acquisition might be. BP has however recently dropped its previous strategy, under pressure from activist investor Elliott Management. Shell has a market value that nearly triples that of BP. - The Sunday Telegraph BAE Systems and Aston Martin are but the latest firms to have taken their annual general meetings online. The move mirrors the actions taken by AstraZeneca and Haleon. Campaigners say the aim is to impede debate and dissent, thus hurting shareholder democracy. Legal challenges may be forthcoming but company law is unclear about just how exactly annual meetings should be held. - Financial Mail on Sunday

In a fortnight's time, Sir Keir Starmer will welcome EU leaders to London with the aim of clinching deals on defence, food and net zero - thus reversing Brexit. It follows lacklustre British growth since lockdown that risks a borrowing black hole that could force the Chancellor to either hike taxes or slash spending. - The Sunday Telegraph

Warren Buffett, the legendary investor known as the 'Sage of Omaha', will step down from his post as chief executive officer of Berkshire Hathaway at the end of the financial year. The firm's current vice-chairman, Greg Able, will take over the reins. Buffett however added that he would hang around and "conceivably be useful in a few cases". - The Sunday Times