The big British book prize and the battle against righteous protest [Yahoo! Finance]
BP p.l.c. (BP)
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Source: Yahoo! Finance
Baillie Gifford loves books. Have a great evening.” As Singlehurst stood up at the lavish headquarters of the British Medical Association on central London's Tavistock Square on Tuesday night, the £200 billion fund management giant's head of private companies had to say something different. Baillie Gifford has been on the receiving end of protests mounted by a fringe group of activists accusing it of recklessly funding fossil fuel producers and, through investing in the likes of Amazon and Alphabet, being complicit in the war in Gaza. The fund manager owns small stakes in oil and gas producers, while the American tech behemoths do work for the Israeli military. The activists mobilised by pressuring authors to threaten boycotts against the 10 British literary festivals Baillie Gifford sponsored. Faced with a rapidly-emptying schedule, Hay Festival disowned Baillie Gifford, triggering a stampede that eventually led the fund manager to end all of its festival sponsorships. The irony
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BP
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- 10/30/24 - Beat
BP
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- 11/18/24 - Form 6-K
- 11/14/24 - Form FWP
- BP's page on the SEC website