Adam Davidson, CEO of Trident Royalties, discusses offtake milestones and catalysts to boost FY24. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 503.70
Bid: 503.80
Ask: 503.90
Change: -6.70 (-1.31%)
Spread: 0.10 (0.02%)
Open: 506.40
High: 515.30
Low: 499.60
Prev. Close: 510.40
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Britain's FTSE snaps three-month winning streak as Brexit poll weighs

Tue, 31st May 2016 16:01

* FTSE 100 index down 0.6 percent at close

* ICM poll shows UK voters shift towards "Leave" for EU vote

* Inmarsat falls ahead of FTSE reshuffle (Recasts, adds detail and updates prices at close)

By Kit Rees and Atul Prakash

LONDON, May 31 (Reuters) - Britain's top share index broke athree-month streak of gains after the results of a telephonepoll showed British voters were favouring a vote to leave theEuropean Union in a June 23 referendum.

The FTSE 100 index was down 0.6 percent at 6,230.79 pointsat the close, easing from a one-month high of 6,290.07 pointstouched earlier in the session.

The phone poll by polling firm ICM published on Tuesdayshowed 45 percent of respondents favoured leaving the EUcompared with 42 percent who said they would vote to stay in thebloc.

"Widespread selling for sterling and an immediate flight tosafety signifies the fact that markets have been caught nappingwith an overconfidence that every poll would come out in favourof the 'remain' campaign," Joshua Mahony, market analyst at IG,said in a note.

While losses were broad-based, with British Land Company, ITV and Standard Chartered among thetop fallers, shares in satellite company Inmarsat dropped 3.9 percent, with analysts citing the possibility of thefirm being relegated in Wednesday's FTSE 100 index reshuffle.

Inmarsat has fallen more than 36 percent so far in 2016.

"Inmarsat's problems are partly related to the sector andpartly related to the oil price. Their clients are very largelymaritime, and maritime clients in turn are quite often linked tothe energy sector - it's just getting off its knees," said KenOdeluga, market analyst at City Index.

The UK mining index also fell, down 1.5 percentas copper prices declined on a resurgent dollar followingincreasing expectations of a U.S. interest rate hike.

Copper prices remained on track for a more than 7 percentdecline in May, the biggest monthly drop since November.

St. Louis Federal Reserve President James Bullard on Mondayechoed remarks by U.S. central bank chief Janet Yellen thatglobal markets appear to be "well-prepared" for a summerinterest rate hike by the Fed, although he did not specify adate for the move. A stronger dollar makes commodities moreexpensive for holders of other currencies.

Shares in Glencore, BHP Billiton, AngloAmerican and Antofagasta fell 1.7 to 2.4percent.

Among mid-caps, Alliance Trust rose 2.5 percentafter RIT Capital Partners made an informal mergerproposal for the investment firm. RIT confirmed talks saying amerger possibility was at "a very preliminary stage ofconsideration".

ADVISORY- Reuters plans to replace intra-day European and UKstock market reports with a Live Markets blog on Eikon (see cpurl://apps.cp./cms/?pageId=livemarkets for site in development). In a real-time, multimedia formatfrom 0600 London time through the 1630 closing bell, it willinclude the best of our market reporting, Stocks Buzz service,Eikon graphics, Reuters pictures, eye-catching research andmarket zeitgeist. Breaking news and dramatic market moves willcontinue to be alerted to all clients and we will continue toprovide a short opening story and comprehensive closing reports.

If you have any thoughts, suggestions orfeedback on this, please email mike.dolan@thomsonreuters.com.

Mike Dolan, Markets Editor EMEA. (Reporting by Atul Prakash; Editing by Gareth Jones)

More News
9 Apr 2024 16:53

LONDON MARKET CLOSE: Stocks struggle in nervy trade before US data

(Alliance News) - European equities closed lower on Tuesday, with sentiment downbeat ahead of Wednesday's US inflation reading, though impetus could be found in gold, which hit another record high.

Read more
9 Apr 2024 15:12

London close: Stocks slip ahead of ECB, US inflation print

(Sharecast News) - London markets closed lower on Tuesday, as investors braced for a key US inflation reading as well as a policy announcement from the European Central Bank later in the week.

Read more
9 Apr 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 treads water despite boost from miners

(Alliance News) - Equities in London lacked impetus heading into Tuesday, as investors moved with caution ahead of a US inflation print on Wednesday and the European Central Bank's interest rate decision a day later.

Read more
9 Apr 2024 10:21

PRESS: Shell could make London exit if value gap to US does not close

(Alliance News) - Shell PLC fired a warning shot to that it could be prepared to move its listing to the US in a fresh blow to London's financial centre.

Read more
9 Apr 2024 08:53

TOP NEWS: BP predicts upstream production will rise in first quarter

(Alliance News) - BP PLC on Tuesday said it expects first quarter upstream production to be higher than the previous three month period but cautioned lower prices would hurt performance elsewhere.

Read more
9 Apr 2024 08:44

LONDON MARKET OPEN: Stocks shaky ahead of US CPI data, ECB decision

(Alliance News) - Stock prices in London opened mostly lower on Tuesday, as investors look ahead to a key inflation reading from the US, as well as the latest interest rate decision from the European Central Bank.

Read more
9 Apr 2024 07:51

BP expects rise in first-quarter upstream energy output

April 9 (Reuters) - BP said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months.

Read more
9 Apr 2024 07:39

LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors nervously look ahead to US inflation data and the European Central Bank's latest interest rate decision.

Read more
9 Apr 2024 07:24

BP sees higher Q1 upstream production

(Sharecast News) - Oil giant BP said it expected first-quarter upstream production to be higher than the previous three months.

Read more
5 Apr 2024 12:00

LONDON MARKET MIDDAY: Stocks drop on Israel-Iran tensions and Fed talk

(Alliance News) - Stock prices in London were firmly down at midday on Friday, as rising tensions between Israel and Iran alongside doubts around the timing of US interest rate cuts hurt investor sentiment.

Read more
5 Apr 2024 08:47

LONDON MARKET OPEN: Europe slumps on US rate worry and rising tensions

(Alliance News) - Stocks in Europe had a downbeat start to the day on Friday, with investors unnerved by rising geopolitical tensions and hawkish remarks from US central bankers.

Read more
4 Apr 2024 16:55

LONDON MARKET CLOSE: US initial jobless claims hotter than expected

(Alliance News) - Stock prices in London closed up on Thursday, as investors first digested words from US Federal Reserve Chair Jerome Powell overnight, before reacting to hotter-than-expected US initial jobless claims.

Read more
4 Apr 2024 11:58

LONDON MARKET MIDDAY: Stocks up as Fed chair calms some rate nerves

(Alliance News) - Stock prices in London were in the green on Thursday afternoon, with mining stocks powering the FTSE 100 higher, as investors digested words from Federal Reserve Chair Jerome Powell.

Read more
2 Apr 2024 23:07

Sector movers: Builders and REITS slip, geopolitics boost Big Oil and gold miners

(Sharecast News) - Personal Goods was at the bottom of the pile on the FTSE 350 at the start of the second quarter, as fashion retailer Burberry Group's shares fell back towards their five-year lows.

Read more
2 Apr 2024 16:57

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

(Alliance News) - The FTSE 100 took a hit on Tuesday, after a boost from London's miners and oil firms were not enough to lift the index.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.