When Fry Gets Rich: What It’s Like to Get Rich in The Future
It’s hard to imagine how a group of young British men can become billionaires when their country is facing a huge debt crisis and is struggling to make ends meet.
But the world’s biggest oil company is planning to make the first billion-dollar investment in the UK in decades, after the country’s debt crisis hit the headlines in August.
The company, BG Group, has been investing in the country for years, investing in major infrastructure projects and manufacturing businesses.
Its £3 billion investment in Cardiff, the largest city in Wales, in 2018 saw the company become the first company to win a major international award, the British Association for the Advancement of Science’s “Golden Egg Award”.
Its investment in London, home to the City of London Corporation, which runs the countrys capital, has also been lauded.
And now the British billionaire is setting his sights on the UK.
In 2018, BG bought a majority stake in UK’s biggest bank, Lloyds, for £6.5 billion ($9.3 billion), giving the bank access to the country and providing it with the financial firepower to help the country deal with its financial crisis.
The bank, which is owned by the City, has since become one of the largest shareholders in Britain.
The Lloyd Group is also a major shareholder in Barclays Bank, which it bought in 2017 for £4.6 billion ($6.9 billion).
As part of the takeover, BG will become the largest shareholder in Lloys, owning 40.4 percent of the bank.
That’s up from 39 percent in 2016, when it acquired a 33 percent stake in Llavroy.
The UK government also owns an 8.7 percent stake.
But this deal is a sign of how far BP, the biggest oil and gas company in the world, is willing to go in order to be able to tap into the UK’s vast oil and natural gas resources.
And in the next decade, the company plans to increase its presence in the British market.
In 2019, BG plans to spend up to £3.2 billion ($4.1 billion) on infrastructure projects in Britain, including in the London area, the Royal Borough of Kensington and Chelsea and a new pipeline.
In a bid to boost its image as a leader in the industry, the group is planning an expansion of its London headquarters to build new facilities for its pipeline projects.
The company will also open a new office in Aberdeen, Scotland, in 2019.
As part on the plans, BG has also acquired a controlling stake in BDO, the worlds biggest construction company, for $1.6 trillion ($2.6) in cash.
It is also investing in a new oilfield in the United Arab Emirates and the world first offshore wind farm in the North Sea.
Budgetary analysts expect BG to have a profit in 2020, after operating losses of $1 billion ($1.7 billion).
But it will have to spend much more in order for the company to deliver the expected returns, according to analyst Richard Beecham at Barclays.
“The first step in BG Group’s plan is to spend more on infrastructure to attract investment, and this will be particularly important in London where there are huge potential benefits to a UK-based BG Group,” Beechampam said.
The group will also need to boost the company’s dividend by up to 5 percent ($1 billion), according to Beechum.BMO Capital Markets analysts also expect BG Group to have earnings of up to $6.1 per share ($7.6 per share in 2019), up from $4.5 per share per share last year.
That could lead to an additional $7 billion ($12 billion) in profits, according the analysts.