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Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 524.80
Bid: 525.20
Ask: 525.30
Change: -1.50 (-0.29%)
Spread: 0.10 (0.019%)
Open: 529.30
High: 530.70
Low: 522.30
Prev. Close: 526.30
BP. Live PriceLast checked at -

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Broker tips: Lloyds, BP, Invensys

Tue, 30th Apr 2013 11:21

Lloyds' first-quarter results were modestly ahead of consensus estimates, but Nomura has maintained its 'reduce' rating for the bank, saying that the strong share-price reaction on Tuesday morning was overdone.Nomura thinks that Lloyds' cost guidance - to reduce total costs to £9.6bn this year, better than previous £9.8bn target - will likely drive headline upgrades to consensus estimate of 1-2% but this is driven by the sale of its stake in St James's Place relative to current expectations. The broker said that the "core cost of risk has not improved from the 2012 run rate".Investec has kept its 'hold' rating for BP but has hailed a "very strong" first-quarter result from the oil giant."The statement refers to higher costs, lower production and a weaker downstream in Q2 so earnings upgrades may be more muted than the Q1 headline figures might suggest. Nevertheless, this is an encouraging start to the year for BP."Societe Generale has upgraded its recommendation for Invensys from 'hold' to 'buy', saying that the engineering and software company has an improved investment profile with substantial margin and M&A upside.The broker has raised its target price for the stock from 330p to 415p. "In a take-out scenario, we estimate new Invensys could potentially be valued at 460p, around 30% upside to current levels".BC
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25 Jan 2024 11:00

Big turnout expected in New York offshore wind power auction

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23 Jan 2024 17:25

BP sees Trinidad deepwater gas project getting greenlight as soon as 2025

PORT OF SPAIN, Jan 23 (Reuters) - BP expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said.

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23 Jan 2024 08:47

LONDON MARKET OPEN: Stocks see muted open; oil majors rise

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22 Jan 2024 19:33

Trinidad in talks with Europe to supply Venezuelan gas

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22 Jan 2024 10:44

SDI promotes Chief Operating Officer Stephen Brown to chief executive

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18 Jan 2024 21:47

Three New England states extend offshore wind solicitation due date

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17 Jan 2024 15:03

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17 Jan 2024 12:10

BP's Auchincloss named CEO, reaffirms energy transition plan

Auchincloss was interim CEO

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17 Jan 2024 08:48

LONDON MARKET OPEN: UK inflation surprises markets sending stocks down

(Alliance News) - Stock prices in London took a hit on Wednesday morning, after some hotter-than-expected UK inflation data added to interest rate worries.

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