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Share Price Information for BP (BP.)

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Share Price: 510.40
Bid: 502.00
Ask: 518.00
Change: 0.00 (0.00%)
Spread: 16.00 (3.187%)
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Equity investors going into 2016 with very little faith, says Barclays

Thu, 10th Dec 2015 11:52

(ShareCast News) - European investors are going into next year with very little faith in the future, Barclays said in strategy note.The bank expects earnings per share growth of 12% in Continental Europe and 8% in the UK.Barclays said that while European equities feel like a consensus 'long', overseas inflows have moderated considerably, and euro area households still have over 34% of their financial assets in cash."Risk appetite is depressed: 'quality' trades on a recessionary-scale premium, while both 'value' and 'growth' are discounted," it said.The bank noted that not only are defensive stocks continuing to outperform - something it finds at odds with improved economic data - but in another demonstration of the lack of faith in future prospects, stocks with high growth are being valued similarly to those with more pedestrian growth prospects.It said that at the value end, there is little hope that high dividends will be sustained or that earnings of more cyclical companies will recover."One demonstration of the lack of faith in the future is the very modest bottom-up consensus expectations for 2016 earnings per share growth which has now come down to just 6.5%, aside from the forecasts made at the height of the global financial crisis in December 2008, this is the lowest year ahead forecast on record," said Barclays.The bank is 'overweight' financials, cyclicals and telecoms. It has also added exposure to energy at the expense of materials. It has staples, healthcare and utilities at 'underweight'.At the individual stock level, the bank made changes to its recommended portfolio, replacing Whitbread with ABB, Schroders with Aviva, Voestalpine with Boliden, Arcelor Mittal with ASML and Total with BP.
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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.

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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.

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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.

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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.

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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.

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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.

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9 Apr 2024 17:26

Slide in defence stocks knocks down Europe's STOXX 600

BP gains on higher quarterly upstream energy output forecast

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9 Apr 2024 17:13

FTSE 100 ends down as defence stocks offset commodity gains

Easter food spending lifts UK retail sales in March

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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