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Investec has kept its 'hold' rating for BP but has hailed a 'very strong' first-quarter result from the oil giant on Tuesday morning. Clean net income came in at $4.22bn for the first three months of the year, a "substantial" 29% above company-compiled consensus, the broker said. Lower seasonal cos
Read moreStrong gains for BP, Whitbread and financials stocks ensured that the FTSE 100 was firmly in positive territory on Tuesday morning as traders showed optimism ahead of central-bank meetings later this week. Sentiment across Europe was lifted early on after Swiss banking giant UBS smashed profit expe
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* Q1 underlying replacement cost net profit $4.22 bln * Beats analysts' forecast of around $3.27 bln * Helped by two new oilfields, trading division * Shares climb 2.3 percent By Andrew Callus LONDON, April 30 (Reuters) - BP Plc profits beat analyst expectations by a
Read moreCity sources predict the FTSE 100 will open up 21 points from yesterday's close of 6,458, after US equities advanced strongly on Monday, with the S&P 500 index reaching its highest level since April 11th. Markets reacted positively to new data from the National Association of Realtors (NAR) on US
Read moreReplacement cost (RC) profits at oil heavyweight BP jumped in the first quarter as the company saw a large windfall from its sale in the TNK-BP joint venture. The company posted an RC profit (which strips out the effect of movements in the oil price) of $16.60bn for the first three months of 2013,
Read moreLONDON, April 30 (Reuters) - BP Plc profits outperformed expectations by almost $1 billion in the first quarter of 2013 thanks in part to the high margin nature of new production that came on stream at the end of 2012 and a strong performance from its trading division. The British oil compa
Read moreLONDON, April 30 (Reuters) - BP Plc profits outperformed expectations by almost $1 billion in the first quarter of 2013 thanks in part to the high margin nature of new production that came on stream at the end of 2012 and a strong performance from its trading division. The British oil compa
Read moreAccording to The Independent, the government is searching for banks to handle a possible initial public offering for Royal Mail this week. A flotation this year is the preferred option. The Telegraph writes that Primark, the fashion chain owned by Associated British Foods, is to pay compensation to
Read morePERTH, April 30 (Reuters) - Australia's Woodside Petroleum Ltd has signed a preliminary technology agreement with shareholder Royal Dutch Shell to develop its Browse gas field using Shell's floating liquefied natural gas (LNG) technology in case it finally opts for that route. The agreement
Read moreNEW YORK, April 29 (Reuters) - U.S. crude oil exports doubled in February to a 13-year high of 124,000 barrels per day (bpd), government data showed on Monday, as shipments of surplus shale crude to Canada gathered pace. Exports jumped from an average of around 60,000 bpd last year, and hav
Read moreBUENOS AIRES, April 29 (Reuters) - Workers at three oil fields in Argentina's top energy-producing province of Santa Cruz ended a four-day old strike on Monday, said a union official. The work stoppage was called on Thursday by workers demanding that an election be held to choose new leader
Read moreBP, Whitbread and Imperial Tobacco Group will storm headlines Tuesday as the FTSE 100 companies reveal their latest results. Oil heavyweight BP is expected to report a fall in profit in the first quarter following the fallout of the Gulf of Mexico disaster. The Deepwater Horizon explosion and oil
Read more* Leak at N.Sea platform could have been "major accident" * Watchdog identifies "serious breaches" of regulations * "We are addressing the problem" -BP By Nerijus Adomaitis OSLO, April 29 (Reuters) - Oil major BP must review the way it handles risk and maintenance at its o
Read moreThe Telegraph writes that BP's giant underwater oil project offshore Angola has come in four billion dollars over budget after delays set it back a year. According to The Independent, unions are meeting with AstraZeneca in an attempt to convince the pharmaceuticals group to reverse plans to shut do
Read moreHOUSTON, April 28 (Reuters) - Marathon Petroleum Corp.'s 451,000 barrel per day (bpd) Galveston Bay refinery in Texas City, Texas, cut feed to a gasoline-producing fluidic catalytic cracking unit on Saturday to stop a release of particulates into the air, according to a notice filed with Texas p
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