The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 502.30
Bid: 501.70
Ask: 501.80
Change: -2.70 (-0.53%)
Spread: 0.10 (0.02%)
Open: 507.60
High: 510.70
Low: 501.40
Prev. Close: 505.00
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

FTSE 100 movers: BP beats forecasts

Tue, 30th Oct 2012 15:28

Oil giant BP gained ground after profits came in well ahead of forecasts in the third quarter and the company moved early on a dividend increase to nine cents per share (up 12.5%). In its first quarterly announcement since the recent deal with Rosneft, BP reported a clean net income of $5,170m on an underlying replacement cost (RC) basis, well ahead of Investec's $4,020m estimate. Banking stocks were mixed today, with Barclays and Lloyds making gains whilst Standard Chartered disappointed with its third-quarter results. Despite the negative news-flow today surrounding shares of Barclays analysts at Investec were saying that: "However, given that (unlike others) Barclays did not "low-ball" LIBOR through the crisis, it would not appear to be the most exposed." Lloyds and RBS are another case in these analysts´ opinion.Nomura said that StanChart's results were broadly in line, but a "touch below if we are nit picking". StanChart said that third-quarter ALM income was slightly down on the first half run rate due to lower reinvestment yields; Nomura highlighted this this would be a "negative read-across for BSM at HSBC" whose shares were flat by midday. Oilfield support services Wood Group was also higher after announcing that it has bagged a multi-million pound contract for a wind farm off the coast of the UK. The £17m contract is to fabricate, install, commission, operate and maintain two weather monitoring stations off the Norfolk and Suffolk coast. Resolution also got a significant boosted, along with the life insurance sector as a whole, as the sector recovers from signifcant losses seen on Monday, when it likely priced in significant losses ahead of Hurricane Sandy's arrival on the east coast of the US. As well, analysts at UBS had this to say: "We also rate Resolution Buy, based on valuation, and given improving governance, its own restructuring momentum, and underperformance year to date."AMEC shares were on the up after the company reaffirmed its previous revenue guidance for its business in natural resource markets. The company said this is expected to deliver double-digit underlying revenue growth in both 2012 and 2013, even excluding the acquisition of goods. Meanwhile, United Utilities fell into the bottom spot following reports that Moody's ratings agency had warned that there is on-going regulatory uncertainty in the utilities sector regarding proposed licence alterations. For the same reason, Pennon, which owns South West Water, was also in the bottom 10. National Grid was lower, most likely on the back of the company's position in the hurricane battered US, where it has issued warnings over power outages and service interruptions. FTSE 100 - RisersBP (BP.) 444.80p +4.66%Barclays (BARC) 239.10p +3.48%Resolution Ltd. (RSL) 213.90p +3.23%GKN (GKN) 210.20p +2.79%Weir Group (WEIR) 1,766.00p +2.67%Kazakhmys (KAZ) 730.50p +2.53%Capita (CPI) 735.50p +2.22%Wood Group (John) (WG.) 849.00p +2.17%Amec (AMEC) 1,056.00p +2.13%Aviva (AV.) 335.00p +2.01%FTSE 100 - FallersUnited Utilities Group (UU.) 696.00p -2.52%Standard Chartered (STAN) 1,481.50p -1.07%Randgold Resources Ltd. (RRS) 7,260.00p -1.02%National Grid (NG.) 701.50p -0.92%Schroders (SDR) 1,517.00p -0.65%British Sky Broadcasting Group (BSY) 712.50p -0.49%Pennon Group (PNN) 724.00p -0.48%British American Tobacco (BATS) 3,117.00p -0.29%Marks & Spencer Group (MKS) 393.90p -0.28%Severn Trent (SVT) 1,646.00p -0.24%NR
More News
9 Apr 2024 07:39

LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors nervously look ahead to US inflation data and the European Central Bank's latest interest rate decision.

Read more
9 Apr 2024 07:24

BP sees higher Q1 upstream production

(Sharecast News) - Oil giant BP said it expected first-quarter upstream production to be higher than the previous three months.

Read more
5 Apr 2024 12:00

LONDON MARKET MIDDAY: Stocks drop on Israel-Iran tensions and Fed talk

(Alliance News) - Stock prices in London were firmly down at midday on Friday, as rising tensions between Israel and Iran alongside doubts around the timing of US interest rate cuts hurt investor sentiment.

Read more
5 Apr 2024 08:47

LONDON MARKET OPEN: Europe slumps on US rate worry and rising tensions

(Alliance News) - Stocks in Europe had a downbeat start to the day on Friday, with investors unnerved by rising geopolitical tensions and hawkish remarks from US central bankers.

Read more
4 Apr 2024 16:55

LONDON MARKET CLOSE: US initial jobless claims hotter than expected

(Alliance News) - Stock prices in London closed up on Thursday, as investors first digested words from US Federal Reserve Chair Jerome Powell overnight, before reacting to hotter-than-expected US initial jobless claims.

Read more
4 Apr 2024 11:58

LONDON MARKET MIDDAY: Stocks up as Fed chair calms some rate nerves

(Alliance News) - Stock prices in London were in the green on Thursday afternoon, with mining stocks powering the FTSE 100 higher, as investors digested words from Federal Reserve Chair Jerome Powell.

Read more
2 Apr 2024 23:07

Sector movers: Builders and REITS slip, geopolitics boost Big Oil and gold miners

(Sharecast News) - Personal Goods was at the bottom of the pile on the FTSE 350 at the start of the second quarter, as fashion retailer Burberry Group's shares fell back towards their five-year lows.

Read more
2 Apr 2024 16:57

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

(Alliance News) - The FTSE 100 took a hit on Tuesday, after a boost from London's miners and oil firms were not enough to lift the index.

Read more
2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

Read more
2 Apr 2024 11:00

Biden administration approves eighth US offshore wind project

WASHINGTON, April 2 (Reuters) - The U.S. Interior Department on Tuesday approved the country's eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes.

Read more
2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

Read more
2 Apr 2024 08:55

European oil stocks gain on expectations for higher demand, supply concerns

Read more
28 Mar 2024 10:00

How the oil industry is thriving despite Joe Biden's climate policies

GRAPHIC on Biden's oil boom: https://www.reuters.com/graphics/USA-BIDEN/OIL/lgpdngrgkpo/

By Nichola Groom, Jarrett Renshaw

Read more
27 Mar 2024 20:59

New England offshore wind auction draws multiple bidders

March 27 (Reuters) -

Read more
27 Mar 2024 12:47

Ithaca Energy gets bid rights on Eni's UK assets, profit slips

March 27 (Reuters) - Ithaca Energy has been given a four-week exclusivity period by Italy's Eni, to make an offer for UK exploration and production assets that could expand its output massively, the London-listed company said on Wednesday.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.