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

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: 503.70
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 up as energy stocks recover, grocers soar

Tue, 15th Nov 2016 17:14

* FTSE 100 index up 0.6 pct at close

* Energy and supermarket stocks rally

* Miners come under selling pressure (Recasts, adds detail and quotes, updates with closing prices)

By Kit Rees and Atul Prakash

LONDON, Nov 15 (Reuters) - Britain's top share indexadvanced for a second straight day on Tuesday, with energyshares tracking a rally in crude oil while supermarket stocksgained after encouraging industry data.

Retail stocks were among the top risers, with Britain'sbiggest supermarket chain, Tesco, jumping 5.4 percentafter data from Kantar Worldpanel showed its sales grew at thefastest rate in three years in its most recent trading period.

Shares in Morrisons and Sainsbury's rose4.4 percent and 2.2 percent respectively.

"We are encouraged by the (12-week) market performance, themomentum of recent events, which may bode well for 2016Christmas trade, and the overall rationality of the market,"analysts at Shore Capital Markets said in a note, adding thatthey had an "overweight" rating on UK supermarkets.

Budget airline easyJet was another top gainer,climbing 5.3 percent after an update.

Though the airline reported a 28 percent drop in its pretaxprofit, its first decline since 2009, analysts said that it camein at the upper end of a range given in October.

"With profits thankfully at the higher end of guidance,easyJet's main news today is about passenger yields and theoutlook," Ken Odeluga, market analyst at City Index, said in anote. He said he agreed with the market view that easyJet'sshares, which are down around 37 percent this year, have reachedbottom.

Pharma stock Hikma also gained ground, rising morethan 6 percent, the biggest gain on the FTSE 100. Morgan Stanleyupgraded the shares to "overweight" late on Monday, citing anencouraging pipeline as well as a compelling valuation.

The blue-chip FTSE 100 index closed 0.6 percenthigher at 6,792.74 points.

The UK mid-cap index rose 0.9 percent, led higher bya rise in oil stocks Tullow Oil and Amec Foster Wheeler.

Energy shares were the top sector performers, with the UKoil and gas index rising 3 percent. Oil pricesgained around 2 percent on optimism that OPEC will agree laterthis month to cut production to reduce a supply glut.

Shares in BP and Royal Dutch Shell both rosemore than 2.5 percent.

However, mining shares lost ground following a drop inprices of industrial metals as traders cashed in gains afterlast week's dramatic price spikes triggered by Donald Trump'sU.S. presidential election victory.

The UK mining index, which surged more than 10percent last week following Trump's pledge to invest a hugeamount on U.S. infrastructure projects, fell 4.6 percent.

Tuesday's moves halted a recent rotation into mining andfinancial shares from defensive equities with high yields suchas utilities, which slumped in the previous session following arally in bond yields.

British utility stocks rose as euro zone government bondyields dropped across the board after a six-week sell-off.

"Bond markets have soured on the prospect of Trump-ledinflation, although the sell-off seems to have abated somewhatas investors pause for breath," Neil Wilson, analyst at ETXCapital, said.

"Reversals in the last week's moves in stocks and bonds arepossible and we may be seeing the start of this today as goldfirms and bond yields retreat a little. The great bond marketsell-off may have run its course." (Reporting by Kit Rees, editing by Larry King)

More News
17 Jan 2024 07:11

BP names acting CEO Murray Auchincloss as permanent leader

(Sharecast News) - BP has named its former chief financial officer Murray Auchincloss as its permanent chief executive, after having served in an interim capacity for the past four months.

Read more
16 Jan 2024 21:28

PRESS: BP close to naming acting CEO Auchincloss as permanent chief

(Alliance News) - Directors of BP PLC were meeting on Tuesday evening to finalise the appointment of Murray Auchincloss, the company's acting chief executive, as its permanent boss, according to a report.

Read more
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

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.