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Share Price Information for BP (BP.)

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Share Price: 510.40
Bid: 509.40
Ask: 509.50
Change: -5.40 (-1.05%)
Spread: 0.10 (0.02%)
Open: 516.30
High: 516.60
Low: 506.10
Prev. Close: 515.80
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Friday newspaper round-up: SFO, EU, BP

Thu, 23rd Oct 2014 18:49

The Serious Fraud Office (SFO) has been forced to ask the government for an additional £26.5m because of ongoing fraud investigations into Barclays, Rolls-Royce and Libor rigging, the Guardian reported on Friday.SFO chief David Green said that the agency was handling the "most demanding caseload the SFO has ever shouldered"."We have blockbuster or ringfenced funding to protect our most expensive investigations," Green said."The arrangement recognises that the SFO is demand-led and honours the pledge that on my watch the SFO will never turn down any investigation simply on grounds of cost. The mechanism is not perfect, but it does the job."The European Union (EU) has told Britain to pay an extra €2.1bn to the EU budget over the next couple of weeks, as its economy performed better than other EU nations since 1995, the Financial Times reported.To compensate for its relative prosperity over the last two decades, the UK will have to make a top-up payment by 1 December, which amounts to almost a fifth of the country's net contribution last year, while France will receive a €1bn refund."It's not acceptable to just change the fees for previous years and demand them back at a moment's notice," a Downing Street source said.Irish drinks company C&C has seen an offer for Spirit Pubs Group rejected late on Thursday, the Daily Telegraph reported.C&C, best known for producing Magners cider as well as manufacturing Bulmers in Ireland and Tennent's lager, is understood to have approached Spirit with a 115p per share offer, higher than Greene King's planned £723m takeover.On Monday, Spirit announced that it would recommend a proposed 109.5p offer from Greene King, whose brands include Loch Fyne and Hungry Horse, having previously rejected a 100p per share approach on 15 September.Spirit confirmed late on Thursday that it had rejected C&C's offer.Oil major BP announced its first North Sea oil discovery since 2011 yesterday, which may hold 50m barrels of crude. Initial tests generated a flow rate of 5,350 barrels a day, which suggests the reservoir is sufficiently large for commercial exploitation. The company's regional president described it as a perfect example of the need for collaboration and increased exploration so as to realise the remaining potential of the North Sea.In parallel the firm announced a significant discovery in the Gulf of Mexico alongside Chevron, The Times reports.Britain is right the EU has finally conceded, a year after Westminster's Business Taskforce suggested 30 ways the EU could make it easier for UK companies to operate. Well, on at least six of those points on how to cut red tape, and they have already been adopted. Many of the rest have seen some support from the EU however. In exchange, Europe has introduced 1,000 new financial regulations, according to The Daily Telegraph.
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18 Jan 2024 21:47

Three New England states extend offshore wind solicitation due date

Jan 18 (Reuters) - Massachusetts, Connecticut and Rhode Island extended on Thursday the date bids are due in the states' next offshore wind solicitations from Jan. 31 to March 27.

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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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