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Share Price Information for BP (BP.)

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Share Price: 505.00
Bid: 504.60
Ask: 504.80
Change: -1.20 (-0.24%)
Spread: 0.20 (0.04%)
Open: 505.20
High: 507.00
Low: 503.50
Prev. Close: 506.20
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Friday newspaper round-up: BP, RBS, John Lewis...

Fri, 08th Mar 2013 06:39

According to the Financial Times, oil giant BP has warned of settlement costs 'significantly higher' than 7.7bn dollars in relation to its payout to business and individuals affected by the 2010 oil of spill in the Gulf of Mexico. In a note last week, the company forecasted the civil trial to cost it 7.7bn dollars, but payments being made under the deal have come in higher than expected, the paper said.According to The Guardian, the frontman of the UK bank Royal Bank of Scotland, Stephen Hester, is set to receive a bonus of 230,000 shares worth around £700,000 for his work in 2010. This will be the final payment of the only bonus he has been given since taking over the lender in 2008. The payment coincides with a new computer systems glitch that left customers without access to their accounts this week.High Street department-store group John Lewis, owned by its employees, is to give its 84,700 staff an annual bonus worth 17% of their salary, The Guardian writes. On the average salary, this would equate to a bonus of £4,000. The payout totals £210.8m, up from £165.2m last year.A former equities trader from Legal & General has been jailed for two years after the Financial Services Authority (FSA) secured its first prison sentence in connection with its biggest insider trading case on Thursday, reports The Times. Paul Milsom pleaded guilty to sharing information not known to the public about L&G's dealings in UK-listed shares to stockbroker Graeme Shelley, who then placed spread bets or bought contracts for difference on the stocks, the paper said.New accounting rules by the International Accounting Standards Board (IASB) could hit banks with billions of pounds in new losses, The Telegraph reports. The paper said that the IASB is setting out a set of rules changes that will require lenders to recognise losses far earlier in an attempt to make the financial system less prone to a crisis.The Financial Times reports that Goldman Sachs has been identified as one of the weaker financial groups on Wall Street after stress tests by the Federal Reserve. The paper says that Goldman would suffer a $20bn loss in a hypothetical crisis and its core tier-one capital ratio would drop to 5.8%, close to the minimum requirement of 5%.
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18 Jan 2024 20:32

EXECUTIVE CHANGES: Eco Buildings chair leaves and vice chair ousted

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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17 Jan 2024 15:03

London close: Stocks slip after surprise jump in UK inflation

(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.

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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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17 Jan 2024 08:33

TOP NEWS: BP buys Getec Energie; promotes Auchincloss to permanent CEO

(Alliance News) - BP PLC on Wednesday said that it will buy Getec Energie GmbH as it promoted Murray Auchincloss to the role of permanent chief executive officer.

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17 Jan 2024 07:46

LONDON BRIEFING: UK inflation surprises as unexpectedly rises to 4.0%

(Alliance News) - Stocks in London are called to open lower on Wednesday, following some hotter-than-expected consumer price data from the UK.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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