New BP boss overhauls structure to simplify operations

The new boss of BP has restructured the leadership and organisation of the oil giant as part of efforts to simplify how it operates.

The FTSE 100 firm said the overhaul will support efforts to reduce its costs and simplify its portfolio.

BP said it will be reorganised into two business divisions – upstream and downstream – from the start of July.

Pret ‘encouraged’ by start to 2026 despite pressure on customer finances

Sandwich and coffee chain Pret a Manger has said it was ‘encouraged’ by its start to 2026 despite pressure on consumer finances.

The high street chain said it has been buoyed by new openings, with the group expanding into more transport hubs and roadside locations across the UK.

It said system sales grew by 7% over the first four months of 2026, driven by an increase in customer visits and new stores, and that sales were up 8% in the UK.

Porsche goes to ‘Infinity and Beyond’ with special-edition Toy Story models

Porsche is reaching for the sky as it celebrates the latest instalment of the famous Toy Story franchise with a trio of special-edition cars.

Revealed on the day of Toy Story 5’s premiere, the one-of-one 911 models each draw inspiration from characters starring in the film.

Set to be sold as part of a charitable initiative to help the Big Brothers Big Sisters of America, the American Red Cross and Starlight Children’s Foundation, the Woody, Buzz Lightyear and Jessie cars have all received extensive modifications.

Porsche really made a Woody, Buzz Lightyear, and Jessie themed 911 for Toy Story 5

Somewhere out there a 7 year old just became a lifelong Porsche fan pic.twitter.com/wPIiui9acz

— Preston (@prestonharty) June 9, 2026

The markets

The FTSE 100 fell sharply on Tuesday weighed by weak oil stocks and Asia-focused financials, plus fresh US tech falls.

The British stock index closed down 145.87 points, 1.4%, at 10,227.33.

The mood was a touch brighter in European equity markets on Tuesday. The Cac 40 in Paris ended up 0.1%, although the Dax 40 in Frankfurt closed 0.7% lower.

Wednesday on Car Dealer

There’s an unusual winner in our Battle of the Buyers 2.0 competition…

Carwow CEO John Veichmanis beat a field of experienced dealers to win Battle of the Buyers 2.0. His Fiat 500 sold in under a day, securing top spot ahead of the Clever Car Collection and Jamie Caple.

Car finance compensation payouts pushed back until at least 2027

The Financial Conduct Authority says compensation payments for mis-sold car finance are unlikely before 2027 due to ongoing legal challenges. The regulator’s proposed £9.1bn redress scheme could cover 12.1 million finance agreements, with average payouts of £829.

Used car market defies May slowdown as rising EV prices become a trend

Trade Centre Group bounces back from loss with record sales and profit growth

Family-run Barretts Motor Group acquires pair of Nissan and Kia dealerships from Broad Oak

Barretts Motor Group has agreed to acquire Broad Oak’s Nissan and Kia dealerships in Canterbury, expanding its Kent footprint. Existing staff will transfer, with Barretts promising a seamless transition and continued customer-focused service.

Man arrested over Belfast stabbing attack charged with attempted murder

A man arrested on suspicion of the Belfast knife attack has been charged with attempted murder, police have said.

The 30-year-old accused, who is Sudanese, is also charged with possession of an article with blade or point in a public place and making threats to kill.

He is due to appear at Belfast Magistrates’ Court on Wednesday. In Northern Ireland, the authorities do not release the name of accused persons before they appear in court.

UK set to defy US over social media ban for children

The UK is set to defy President Donald Trump over young people’s use of social media after the US warned against a blanket ban for under-16s.

In a response to the consultation on a ban, the US embassy in London said the country preferred ‘narrowly targeted requirements’ for adult content ‘rather than broad social media bans’.

While the US said it did not ‘categorically oppose age assurance measures’, it said: ‘Most content should remain accessible by default, including political speech’.

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