Oil price drops, and BP and Shell shares slide, as Saudi Arabia ‘prepares to abandon $100 crude target’ – as it happened

Saudi Arabia is reportedly ready to abandon its unofficial price target of $100 a barrel for crude as it prepares to increase output

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Italian dining chain Prezzo has swooped on beer and pub chain BrewDog to find its next chief executive.

James Brown, CEO of BrewDog Bars, was named as Prezzo's CEO this morning, after nearly a decade of senior leadership roles at BrewDog.