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Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
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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
BP. Live PriceLast checked at -

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FTSE 100 movers: Shell and BP pace gains as Brent surges 24%

Thu, 02nd Apr 2020 15:52

(Sharecast News) - US President Donald Trump triggered a sharp rally in crude oil futures on Thursday after doubling-down on his optimism regarding a detente between Russia and Saudi in their oil price war.
In remarks posted to his personal account on Twitter, America's commander-in-chief said: "just spoke to my friend MBS (Crown Prince) of Saudi Arabia, who spoke with President Putin of Russia, & I expect & hope that they will be cutting back approximately 10 Million Barrels, and maybe substantially more which, if it happens, will be GREAT for the oil & gas industry!"

The day before he had expressed confidence that a deal between the two oil powers was possible, but some market observers expressed skepticism that he would be proved right.

As of 1559 GMT, the Footsie was 1.29% higher to 5,524.68, with stock in Shell and BP pacing the advance on the back of a 25% surge in June-dated Brent oil to $32.82 a barrel on the ICE.

Hikma Pharmaceuticals was also higher in the background, lifted by an upgrade out of JP Morgan from 'underweight' to

'overweight'.

On Tuesday, the US District Court for the District of Nevada ruled that Hikma's generic version of rival Amarin's drug Vascepa did not infringe six patents, as Amarin had claimed, and JP Morgan argued that the ruling offered "significant upside".

The broker raised its target price for Hikma by around 20% to ?24.

Market Movers

FTSE 100 (UKX) 5,505.91 0.94%

FTSE 100 - Risers

Royal Dutch Shell 'B' (RDSB) 1,498.80p 10.83%
Royal Dutch Shell 'A' (RDSA) 1,566.20p 10.20%
M&G (MNG) 118.30p 8.53%
BP (BP.) 357.80p 7.22%
Glencore (GLEN) 126.20p 5.91%
WPP (WPP) 521.20p 5.66%
Hikma Pharmaceuticals (HIK) 2,163.00p 5.10%
Aviva (AV.) 253.20p 4.84%
DCC (DCC) 4,983.00p 4.64%
Rentokil Initial (RTO) 380.90p 4.24%

FTSE 100 - Fallers

Carnival (CCL) 626.60p -19.56%
Rolls-Royce Holdings (RR.) 274.80p -9.90%
Centrica (CNA) 34.24p -7.73%
Standard Life Aberdeen (SLA) 195.35p -6.75%
Informa (INF) 381.30p -6.75%
SSE (SSE) 1,140.50p -5.98%
Meggitt (MGGT) 231.40p -5.78%
London Stock Exchange Group (LSE) 6,688.00p -5.40%
Aveva Group (AVV) 3,226.00p -5.03%
easyJet (EZJ) 500.80p -4.72%

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Slide in defence stocks knocks down Europe's STOXX 600

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9 Apr 2024 17:13

FTSE 100 ends down as defence stocks offset commodity gains

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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

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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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LONDON MARKET OPEN: Stocks shaky ahead of US CPI data, ECB decision

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9 Apr 2024 07:51

BP expects rise in first-quarter upstream energy output

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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.

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