---
title: "Financial Times - Aug 6"
description: "The Financial Times reports key stories including the resignation of Ofwat's CEO David Black, FCA's £46mn fine on Neil Woodford for management failures, BP's plan to cut 6,200 jobs amid a business rev"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/251741028.md"
published_at: "2025-08-06T02:03:08.000Z"
---

# Financial Times - Aug 6

> The Financial Times reports key stories including the resignation of Ofwat's CEO David Black, FCA's £46mn fine on Neil Woodford for management failures, BP's plan to cut 6,200 jobs amid a business review, Norway's review of its $2tn oil fund's investments in Israeli companies, the EU's suspension of retaliatory tariffs while finalizing a US trade deal, and a survey indicating nearly half of UK companies want staff on-site full-time.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

\- Head of England's water regulator to leave this month

\- FCA fines Neil Woodford and his company £46mn for management failures

\- BP to cut 6,200 jobs as it launches second business review in 6 months

\- Norway to review $2tn oil fund's investments in Israeli companies

\- EU halts retaliatory tariffs as it finalises US trade deal

\- Almost half of UK companies want staff 'on site' all the time, survey finds

Overview

\- David Black, who has been chief executive of Ofwat since 2022, has announced his resignation just two weeks after an official review recommended the water regulator for England and Wales should be abolished.

\- The UK's financial regulator has fined former fund manager Neil Woodford and his defunct company £46mn for "failures" in managing his eponymous equity income fund, which left thousands of investors trapped and nursing heavy losses.

\- BP will launch a fresh review of its business and costs, and now expects to cut at least 15% of its office staff, just months after its last strategic overhaul was met with a tepid response from investors.

\- Norway has ordered its giant $2tn sovereign wealth fund to review its investments in Israeli companies after persistent complaints that it has financed businesses aiding Israel's offensive in Gaza.

\- The EU said on Tuesday it would suspend its retaliatory tariffs on the U.S. even as the specifics of a trade deal reached last month, including lower tariffs on European cars, have yet to be signed off by Donald Trump.

\- Nearly half of British businesses expect their staff to turn up to their place of work all the time, in fresh signs that more companies are pushing for a return to pre-pandemic attendance patterns.

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.