If you would like to ask our webinar guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them 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: 500.50
Bid: 499.75
Ask: 499.90
Change: -3.20 (-0.64%)
Spread: 0.15 (0.03%)
Open: 498.00
High: 500.50
Low: 490.65
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
15 Apr 2024 11:56

LONDON MARKET MIDDAY: Oil falls despite rising Iran-Israel tensions

(Alliance News) - London's FTSE 100 was down at midday on Monday, as oil majors BP and Shell were hurt by falling prices, with investors showing caution following Iran's strikes on Israel over the weekend.

Read more
15 Apr 2024 08:59

LONDON MARKET OPEN: FTSE 100 falls as oil lower despite Iran strikes

(Alliance News) - Stock prices in London opened lower on Monday, with a decline in oil prices sending Shell and BP lower, in a cautious start to the week following Iran's strikes on Israel over the weekend.

Read more
13 Apr 2024 16:52

Sector movers: Investors seek out safe havens across all asset classes

(Sharecast News) - Commodity plays were again sought out at the end of the week after The Wall Street Journal said that an Iranian attack against Israel was thought to be imminent.

Read more
12 Apr 2024 17:28

FTSE 100 sets near record close as commodity stocks shine

FTSE 100 up 0.9%, FTSE 250 off 0.3%

*

Read more
12 Apr 2024 16:56

LONDON MARKET CLOSE: Miners lift FTSE 100 but sea of red elsewhere

(Alliance News) - London's FTSE 100 defied a tricky day for wider markets, as its miners and oil producers shone, while the dollar was supported as odds of the US Federal Reserve enacting three interest rate cuts this year dwindle.

Read more
12 Apr 2024 15:45

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

Read more
12 Apr 2024 14:45

London close: Stocks mixed as data shows UK GDP growth

(Sharecast News) - London's markets closed with a mixed performance on Friday, as investors digested the latest GDP data suggesting an end to the recession in the UK.

Read more
12 Apr 2024 11:51

LONDON MARKET MIDDAY: February data spurs end of UK recession hopes

(Alliance News) - Stocks in London got a boost on Monday at midday, as investors were optimistic that the UK is heading out of its short lived recession.

Read more
12 Apr 2024 11:47

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

Read more
12 Apr 2024 11:37

TOP NEWS: BP shares rise after reports Adnoc had pondered takeover

(Alliance News) - Shares in BP jumped on Friday after reports that the state-owned, United Arab Emirates oil company was considering, but had ruled out, a bid for the London-based oil major.

Read more
12 Apr 2024 08:58

LONDON MARKET OPEN: Stocks get boost thanks to growth in UK economy

(Alliance News) - Stock prices in London opened higher on Friday, thanks to new data suggesting the UK economy is out of recession.

Read more
12 Apr 2024 07:56

UAE's ADNOC said to have recently considered BP takeover

(Sharecast News) - The United Arab Emirates' state-owned oil company recently considered buying BP but the deliberations did not progress beyond preliminary discussions, according to a report.

Read more
11 Apr 2024 14:41

Senegal says oil, gas and mine contracts will be reworked if needed

DAKAR, April 11 (Reuters) - Senegal's new Energy and Mines Minister said on Thursday the government would renegotiate oil, gas and mining contracts if necessary once a promised audit is completed.

Read more
10 Apr 2024 08:41

Johnson Matthey and BP win deal for US sustainable aviation fuel plant

(Alliance News) - Johnson Matthey PLC and BP PLC on Wednesday said their technology offering has been selected for use in a sustainable aviation fuel plant being built in the US state of Louisiana.

Read more
10 Apr 2024 07:47

LONDON BRIEFING: Stocks called up ahead of US inflation data

(Alliance News) - Stocks in London are called to open higher, as investors shake off nerves ahead of a key US inflation reading.

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.