The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

Latest Share Chat

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 takes a hit from weaker energy stocks and Greece

Fri, 12th Jun 2015 16:07

* Blue-chip FTSE 100 index closes down 0.9 percent

* Royal Mail rebounds on property sale report

* Energy shares down on weaker oil price

* Greek debt jitters hurting market sentiment (Updates with closing prices)

By Liisa Tuhkanen

LONDON, June 12 (Reuters) - Britain's top equity index fellon Friday as lower oil prices hit energy stocks and concernsover Greece's talks with international creditors weighed onsentiment.

The blue-chip FTSE 100 closed 0.9 percent down at6,784.92 points, slightly outperforming major euro zone indexes.

The biggest weight on the index was Royal Dutch Shell, which fell 2.1 percent, trimming nearly 10 points offthe FTSE 100.

Rival oil major BP dropped 2.1 percent and the energy sub-index was down 2.1 percent on cheaper oil.

Oil prices slipped after the world's top crude exporterSaudi Arabia said it was ready to raise output further ifneeded, potentially adding to oversupply.

Royal Mail added 2.8 percent, with tradersattributing the gains to a report indicating Ballymore hasemerged as frontrunner to buy its Nine Elms site in London.

The postal service fell 4.5 percent in the previous sessionafter the British government announced it would sell half of itsremaining stake.

"I don't expect that we're going to see anywhere near themomentum we would have seen when it was privatised initially,but certainly it does seem fairly valued around the 500 pencemark," said London Capital Group analyst Brenda Kelly.

Investors were also focused on Greece's stalled debt talksafter the International Monetary Fund ramped up the stakes onThursday by announcing its delegation had left the negotiationsin Brussels because of differences with Athens.

"Whilst investors have had plenty of time to reduce theirdirect exposure to Greece, any exit of the country from the eurozone will generate questions over the resolve and future of theEuropean Union," Hargreaves Lansdown equity analyst Keith Bowmansaid.

A government official said on Friday that Greece is ready tosubmit counter-proposals to bridge differences with itscreditors and will restart negotiations in Brussels onSaturday.

Athens needs a deal to unlock aid before the end of themonth when it is otherwise set to default on a 1.6 billion euro($1.8 billion) repayment to the IMF. That could trigger capitalcontrols and possibly push Greece out of the euro zone.

Among mid caps, Bwin.Party fell 7 percent aftersaying two of its shareholders had decided to place up to 50million shares in the online gambling firm.

Petra Diamonds dropped 6.9 percent after forecastingfull-year revenue below market expectations.

The miner, which has four producing mines in South Africaand one in Tanzania, had warned in April that full-year resultswould be below market consensus due to variability in grade andproduction mix. (Additional reporting by Atul Prakash; Editing by SusanFenton/Ruth Pitchford)

More News
16 Jan 2024 16:38

Shell halts Red Sea shipments over attack fears from Yemeni rebels

(Alliance News) -London-based oil major Shell PLC has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Houthi rebels, according to a media report on Tuesday.

Read more
16 Jan 2024 13:13

Shell in Nigeria

LONDON, Jan 16 (Reuters) - Shell pioneered Nigeria's oil and gas industry and remains a major investor in the West African country even after exiting its onshore operations. But over the decades the British company has come under fire over spills in the Delta region and struggles with oil theft, corruption and oil-fuelled violence.

Read more
12 Jan 2024 15:39

London close: Stocks rise on positive UK economic data

(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.

Read more
8 Jan 2024 19:48

Shell signs 20-year purchase deal with Canadian Ksi Lisims LNG project

Jan 8 (Reuters) - Global gas giant Shell has agreed to buy two million metric tons of liquefied natural gas (LNG) per year from Ksi Lisims LNG, partners in the proposed Canadian project said on Monday.

Read more
8 Jan 2024 16:59

LONDON MARKET CLOSE: Stocks mixed as eyes on US inflation data

(Alliance News) - Stock prices in London closed mixed Monday, with oil majors holding down higher gains in the FTSE 100 index.

Read more
8 Jan 2024 16:38

London close: Stocks manage positive finish after mixed session

(Sharecast News) - London's financial markets experienced a mixed trading day on Monday, with the FTSE 100 and FTSE 250 indices closing in positive territory after spending much of the session in the red.

Read more
8 Jan 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 underperforms in muted start to week

(Alliance News) - Stock prices in London traded lower at the start of the week, with oil firms weighing on then FTSE 100, as investors look ahead to the week's key inflation prints.

Read more
8 Jan 2024 08:40

LONDON MARKET OPEN: Commodity-heavy FTSE 100 heads lower; Shell slips

(Alliance News) - The FTSE 100 kicked off the week on a downbeat note at Monday's market open, amid share price falls for commodity stocks.

Read more
6 Jan 2024 12:29

BP investors want oil firm to approach BAE chief as CEO- Sky News

Jan 6 (Reuters) - Some of BP's largest shareholders have urged the company to approach BAE Systems Chief Executive Charles Woodburn about becoming the British oil giant's next boss, Sky News reported on Saturday, citing unidentified sources.

Read more
6 Jan 2024 11:38

BP investors want oil behemoth to target BAE chief as CEO- Sky News

Jan 6 (Reuters) - Some of BP's largest shareholders have urged the company to approach Charles Woodburn, the BAE Systems chief executive, about becoming the company's next boss, Sky news reported on Saturday. (Reporting by Devika Nair in Bengaluru; Editing by Jan Harvey)

Read more
4 Jan 2024 16:54

LONDON MARKET CLOSE: Stocks up ahead of US nonfarm payrolls

(Alliance News) - Stock prices in London closed higher on Thursday, as investors eye the latest US non-farms data.

Read more
4 Jan 2024 13:07

London close: Stocks rise as US jobless claims slow

(Sharecast News) - London markets showed mixed performance on Thursday as investors digested the latest UK services and mortgage data and a fall in jobless claims across the pond.

Read more
4 Jan 2024 12:09

LONDON MARKET MIDDAY: Retailers Next and JD Sports bookend FTSE 100

(Alliance News) - Stock prices in London were slightly higher at midday on Thursday, with the FTSE 100 looking set to snap the two-day losing streak it suffered at the start of the year.

Read more
4 Jan 2024 09:31

LONDON BROKER RATINGS: Jefferies cuts Tullow; Berenberg likes Volex

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
4 Jan 2024 08:58

LONDON MARKET OPEN: Next leads buoyant FTSE 100 amid services PMIs

(Alliance News) - Stock prices in London opened up on Thursday, amid a slew of services PMI data, including for the UK, while reacting to the latest data from China.

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.