Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video 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: 466.10
Bid: 466.05
Ask: 466.20
Change: -15.10 (-3.14%)
Spread: 0.15 (0.032%)
Open: 472.30
High: 472.80
Low: 462.25
Prev. Close: 481.20
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Global equity rout sends Britain's FTSE to April lows

Thu, 11th Oct 2018 10:08

(For a live blog on European stocks, type LIVE/ in an Eikonnews window)

* FTSE 100 down 1.5 pct

* Oil majors weigh

* WH Smith falls 11 pct

By Julien Ponthus

LONDON, Oct 11 (Reuters) - UK shares fell to their lowestsince April as a global rout on equity markets caused by fearsof fast-rising rates and risk aversion amid a burst ofvolatility took its toll in Europe after hitting Asia and WallStreet.

The FTSE 100 fell 1.4 percent by 0839 GMT, a fallbroadly in line with European benchmarks, all retreating afterthe S&P 500 and the Nasdaq plunged in New Yorkovernight.

"The bloodbath for global equities comes as investors adjustto a world of higher US interest rates", said Jasper Lawler fromLondon Capital Group, explaining that investors were switchingbets on so-called growth stocks, like America's Facebookor Amazon to "more conservative strategies".

"To say risk appetite has taken a hit would be anunderstatement", he added.

Recruiting firm Hays posted the worst performancesof the pan-European STOXX 600, sinking 12.7 percent, afterreporting a slower quarterly fee growth rate, hurt by arelatively stronger pound against other foreign currencies.

British fund supermarket Hargreaves Lansdown wasalso among the big losers of the day, retreating 4.8 percentafter a trading update which suggested a slower start to thefinancial year.

Books, newspaper and stationery retailer WH Smithtook a big hit, down 10.4 percent, after it unveiled plans torestructure its high street business to face lower consumerspending and lingering economic uncertainties.

Oil majors also contributed to drag the index down as oilfell to two-week lows with prices also hit by the storm on WallStreet and an industry report showing U.S. crude inventoriesrose more than expected. BP lost 2 percent and RoyalDutch Shell 2.2 percent.

Losses were exacerbated by the fact that a number of stocks,such as Barratt Develoment, Centrica, HSBCand Tesco, were trading without entitlement totheir latest dividend pay-out.(Julien Ponthus, Editing by William Maclean)

More News
Today 11:59

LONDON MARKET MIDDAY: BP and Shell take hit as oil prices retreat

(Alliance News) - Stock prices in London were lower at midday Tuesday, with oil majors BP and Shell dragging the index lower as oil prices took a hit.

Read more
30 May 2024 20:55

Trinidad court recognizes ConocoPhillips' $1.3 bln claim against Venezuela

May 30 (Reuters) - A Trinidad and Tobago court order has granted ConocoPhillips the right to enforce a $1.33 billion claim against Venezuela for past expropriations, a decision that could complicate proposed offshore gas ventures between Trinidad and Venezuela.

Read more
29 May 2024 21:16

BP, Trinidad's NGC receive US license for gas development with Venezuela

May 29 (Reuters) - British oil major BP and Trinidad and Tobago's state energy firm NGC have received a two-year license from the U.S. Treasury Department to negotiate and develop the Cocuina-Manakin gas fields with Venezuela, Trinidad's energy minister said on Wednesday.

Read more
27 May 2024 11:00

BP, EOG Resources in talks to jointly develop Trinidad gas field

May 27 (Reuters) - Oil major BP and U.S. shale producer EOG Resources are in discussions to jointly develop a natural gas field off the coast of Trinidad and Tobago, the British company said.

Read more
25 May 2024 17:56

South Africa's Central Energy Fund acquires Durban refinery land, assets

CAPE TOWN, May 25 (Reuters) - South Africa's state-owned Central Energy Fund has acquired land and assets at the country's largest refinery which has been out of operation for the last two years, the energy ministry said on Saturday.

Read more
23 May 2024 21:40

Republican-led states ask Supreme Court to quash Big Oil climate lawsuits

May 23 (Reuters) - Nineteen Republican attorneys general have filed a rare complaint directly with the U.S. Supreme Court asking it to block several Democratic-led states from pursuing climate change-related litigation against major oil and gas companies in state courts.

Read more
22 May 2024 21:54

US lawmakers urge Justice Department to probe climate deception by Big Oil

May 22 (Reuters) - U.S. lawmakers behind a congressional probe of major oil companies on Wednesday called on the Justice Department to investigate whether the industry deceived the public about fossil fuels' impact on climate change.

Read more
22 May 2024 02:00

British firms expecting hard time in China market, lobby group warns

BEIJING, May 22 (Reuters) - British firms expect doing business in China to become harder over the next five years, a British business lobby group said on Wednesday, as Beijing strives to halt a retreat in foreign funds from a market once seen as the engine of global growth.

Read more
22 May 2024 00:01

US Cash Products-Chicago RBOB surges after refinery issues

NEW YORK, May 21 (Reuters) - Cash differentials for RBOB gasoline surged on Tuesday after a refinery that has faced operational issues in recent days bid higher for supplies, traders said.

Read more
16 May 2024 17:53

European shares snap nine-day winning streak as Siemens weighs

Roche gains on obesity drug results from early-stage trial

*

Read more
16 May 2024 17:33

FTSE 100 ends lower on disappointing corporate updates, BT Group soars

BT Group up after CEO aims for more than double free cash flow

*

Read more
16 May 2024 16:54

LONDON MARKET CLOSE: Europe struggles but record highs in New York

(Alliance News) - Large-cap European equities closed lower on Thursday, underperforming New York counterparts, which continued to push higher following Wednesday's softer US inflation data.

Read more
16 May 2024 16:53

London close: Stocks mixed as ex-divs drag on FTSE

(Sharecast News) - London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.

Read more
16 May 2024 12:53

Costain says confident of long-term prospects amid contract wins

(Alliance News) - Costain Group PLC on Thursday said trading in the year to date is in line with expectations, underpinned by a number of contract wins.

Read more
16 May 2024 09:02

Indonesia expects oil and gas investments to rise 29% to $17 billion in 2024

BANGKOK, May 16 (Reuters) - Indonesia expects investments in its oil and gas sector to rise 29% in 2024, the chairman of regulator SKK Migas told Reuters, as it races to ramp up drilling and exploration following the recent exits of global giants Shell and Chevron.

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.