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Share Price:
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Thu, 15th Jul 2010 22:00
DOW JONES NEWSWIRES The $20 billion that oil giant BP PLC (BP, BP.LN) has promised to help businesses hit by the leaking well in the Gulf of Mexico should start making payouts in early August, the Times Picayune quoted the man in charge of disbursing the money as telling officials Thursday near New Orleans. Kenneth Feinberg, stressing his independence from BP and the U.S. government, began a public relations campaign to pitch the program and answer questions from residents, business owners and public officials. He is looking to encourage all individuals and businesses to submit claims to the program when it starts next month. Feinberg said he expects a seamless transition from BP management to his administration. "My goal is to improve that system. I'm determined to come up with a system that is more beneficial to the people using it," he said. Feinberg was to attend town hall meetings in elsewhere in Louisiana before traveling Friday to Mississippi. BP, which is responsible for the April 20 disaster that continues to send millions of gallons of oil into the ocean, has agreed to put $5 billion each year for the next four years into an escrow account. People may then apply for the cash through a claims program that Feinberg said will be set up within the next few weeks. Feinberg also said BP has promised to cover all eligible claims, even after the $20 billion is exhausted. The U.K. company has spent about $150 million so far on individual and business claims in a separate program that isn't drawing from the escrow account. Full story at http://www.nola.com/news/gulf-oil-spill/index.ssf/2010/07/ken_feinberg_20_billion_in_oil.html -Dow Jones Newswires; 212-416-2900 Order free Annual Report for BP plc Visit http://djnewswires.ar.wilink.com/?link=BP or call 1-888-301-0513 Order free Annual Report for Transocean Inc. Visit http://djnewswires.ar.wilink.com/?link=RIG or call 1-888-301-0513 (END) Dow Jones Newswires July 15, 2010 17:00 ET (21:00 GMT)
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30 Jan 2024 15:28
UK earnings, trading statements calendar - next 7 days
| Wednesday 31 January | |
| Aberforth Smaller Companies Trust PLC | Full Year Results |
| abrdn Private Equity Opportunities Trust PLC | Full Year Results |
| Ecora Resources PLC | Trading Statement |
| GSK PLC | Full Year Results |
| ITM Power PLC | Half Year Results |
| NWF Group PLC | Half Year Results |
| Thursday 1 February | |
| Airtel Africa PLC | Trading Statement |
| AG Barr PLC | Trading Statement |
| BT Group PLC | Trading Statement |
| Cranswick PLC | Trading Statement |
| Gem Diamonds Ltd | Trading Statement |
| Glencore PLC | Trading Statement |
| JTC PLC | Trading Statement |
| Rank Group PLC | Half Year Results |
| Shell PLC | Full Year Results |
| TClarke PLC | Trading Statement |
| Friday 2 February | |
| YouGov PLC | Trading Statement |
| Monday 5 February | |
| Home REIT PLC | Trading Statement |
| Porvair PLC | Full Year Results |
| Trident Royalties PLC | Trading Statement |
| Vodafone Group PLC | Trading Statement |
| Tuesday 6 February | |
| Alumasc Group PLC | Half Year Results |
| BP PLC | Full Year Results |
| Filtronic PLC | Half Year Results |
| Mattioli Woods PLC | Half Year Results |
| Renishaw PLC | Half Year Results |
| Virgin Money UK PLC | Trading Statement |
| Comments and questions to newsroom@alliancenews.com | |
| A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional. | |
| Copyright 2024 Alliance News Ltd. All Rights Reserved. | |
29 Jan 2024 17:25
London close: Stocks turn weaker ahead of busy week for earnings
(Sharecast News) - London's stock market saw slight declines by the close on Monday, as investors turned their attention to a week filled with corporate earnings reports and central bank announcements.
Read more29 Jan 2024 17:02
LONDON MARKET CLOSE: Stocks slightly down pre US Fed, Bank of England
(Alliance News) - Stock prices in London closed mutedly lower on Monday, ahead of a busy week of interest rate decisions and economic data.
Read more29 Jan 2024 12:02
LONDON MARKET MIDDAY: FTSE 100 nudges higher ahead of rate decisions
(Alliance News) - Stock prices in London were mixed going into Monday afternoon, ahead of a busy week of interest rate decisions and economic data.
Read more29 Jan 2024 08:41
LONDON MARKET OPEN: BP, Shell higher amid Middle East tensions
(Alliance News) - Stock prices in Europe opened mostly lower, ahead of an important week of central bank decisions and economic data.
Read more26 Jan 2024 23:06
Equinor, Orsted bid for better contract in NY offshore wind auction
Jan 26 (Reuters) - New York State said on Friday it received bids to supply power from three offshore wind projects in its expedited fourth solicitation that allowed developers to exit old contracts and re-offer projects at higher prices.
Read more26 Jan 2024 17:02
LONDON MARKET CLOSE: Stocks up as Fed's preferred inflation read cools
(Alliance News) - Stock prices in London closed up on Friday, as investors predicted and responded positively to a cooling inflation read in the US.
Read more26 Jan 2024 13:16
Equinor sticks to 2030 renewables targets after US wind project reset
OSLO, Jan 26 (Reuters) -
Read more26 Jan 2024 12:11
LONDON MARKET MIDDAY: China growth measures and LVMH lift mood
(Alliance News) - Stock prices in London were up at midday, with investors optimistic ahead of a key US inflation reading.
Read more26 Jan 2024 10:03
Equinor sticks to 2030 renewables targets after US wind reshuffle
OSLO, Jan 26 (Reuters) - Norway's Equinor maintains an ambition to reach 12-16 gigawatts (GW) of installed renewable energy capacity by 2030, despite dropping out of some projects in New York, its renewables head told Reuters on Friday.
Read more26 Jan 2024 08:48
LONDON MARKET OPEN: Oil majors boost FTSE; LVMH lifts Burberry
(Alliance News) - The FTSE 100 looked set to end the week on a high note in early Friday trading, buoyed by strong US economic data and rising oil prices.
Read more25 Jan 2024 11:00
Big turnout expected in New York offshore wind power auction
Jan 25 (Reuters) - Several offshore wind developers will likely bid in New York's fourth offshore wind solicitation by the Thursday deadline, including units of European energy firms Orsted, Equinor and BP.
Read more23 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.
Read more23 Jan 2024 08:47
LONDON MARKET OPEN: Stocks see muted open; oil majors rise
(Alliance News) - Stock prices in London opened largely flat on Tuesday, failing to capitalise on broadly positive market sentiment elsewhere.
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