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Prudential rose strongly after broker Sanford C. Bernstein reiterated its 'outperform' rating on the stock, which came one day after Societe Generale restated its 'buy' rating on the life insurance and financial services company. Fellow financial Aberdeen Asset Management and Hargreaves Lansdown w
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HOUSTON, Feb 4 (Reuters) - BP Plc's Chief Financial Officer Brian Gilvary said on Tuesday that the company was ramping up production at its 405,000 barrel per day (bpd) Whiting, Indiana, refinery. The company completed a $4-billion refit in the fourth quarter to run cheaper heavy crude oil
Read moreHOUSTON, Feb 4 (Reuters) - BP Plc's 405,000-barrel-per-day (bpd) Whiting, Indiana, refinery is switching over to processing heavy crude oil, said Chief Executive Bob Dudley on Tuesday. In the fourth quarter of 2013, the Whiting refinery completed a $4 billion upgrade to run cheaper heavy
Read moreLONDON, Feb 4 (Reuters) - The boss of BP, Britain's second-biggest oil company, warned on Tuesday an independent Scotland could cause his company "uncertainties" and said he did not want to see Scotland drifting away. "We have a lot of people in Scotland. We have a lot of investments in Sco
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LONDON (Alliance News) - Oil majors BP and BG Group both reported a deterioration in the fourth quarter Thursday, with BG swinging to a loss, but their shares headed in different directions after BG previously flagged the downturn while the extent of its rival's profit decline was more unexpected
Read moreInvestec has maintained its 'hold' recommendation for oil giant BP, labelling the company's full-year results as 'weak'. "As the only one of the three UK majors not to warn on profits and/or guidance, BP looks like the undisputed champion in Q4," said Analyst Neill Morton. "However, this should not
Read moreLONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Tuesday.
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FTSE 100 - WINNERS
BG Group, up 1.1%. After initially seeing its share price fall, BG is no
- Markets bounce off lows but still in negative territory - Stocks tracking losses in US, Asia - ARM, BP, Electrocomponents and Ocado lower after results techMARK 2,747.57 -0.70% FTSE 100 6,437.48 -0.44% FTSE 250 15,494.78 -0.41% It was a choppy morning for UK markets on Tuesday as stocks pared lo
Read moreInvestec has maintained its 'hold' recommendation for oil giant BP, labelling the company's full-year results as 'weak'. Underlying replacement cost profit in the fourth quarter fell to $2.8bn from $3.9bn in the fourth quarter of 2012. This came in 4% above company-compiled consensus forecasts, but
Read moreLONDON (Alliance News) - The following is a summary of top news stories Tuesday.
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COMPANIES
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BP PLC announced a fall in its fourth-quarter pretax profit but an increase in pretax profit for the full year 2013 overall. Th
(Corrects percentage fall in second paragraph) LONDON, Feb 4 (Reuters) - BP, the West's no.4 oil company, reported weaker quarterly profits after its refining business swung to a loss, and said it would increase the accounting provision for the 2010 U.S. oil spill by $200 million. The
Read moreLONDON (Alliance News) - BP PLC Tuesday announced a fall in its fourth-quarter pretax profit but an increase in pretax profit for the full year 2013 overall. The oil and gas giant said its fourth quarter pretax profit was down 58% to USD1.58 billion from USD3.77 billion in the corresponding
Read moreLONDON (Alliance News) - UK shares have opened lower Tuesday amid continued worries about the US economy.
Ocado shares are down 4.5% as it reported a wider pretax loss for 2013, though the online grocer said it expects to reach profitability this year.
Br
- ARM, BP, Ocado fall as annual results disappoint - FTSE 100 at lowest since mid-October - Wall Street suffers worst drop since June 2013 techMARK 2,735.92 -1.12% FTSE 100 6,422.52 -0.67% FTSE 250 15,450.97 -0.69% UK stocks fell to their lowest levels in nearly four months on Tuesday morning as c
Read moreLONDON (Alliance News) - European oil giant BP PLC. posted lower fourth-quarter 2013 profit attributable to BP shareholders of USD1.04 billion, or USD5.54 a share, versus last year's USD1.49 billion, or USD7.75 a share, with pre-tax profit plunging year-over-year to USD1.199 billion, from USD3.3
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