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Slide in defence stocks knocks down Europe's STOXX 600
BP gains on higher quarterly upstream energy output forecast
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Share Price Information for BP (BP.)
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Share Price:
484.65
Bid:
484.65
Ask:
484.75
Change:
-6.15 (-1.25%)
Spread:
0.10 (0.021%)
Open:
481.75
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484.75
Low:
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Prev. Close:
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Don't have an account? Click here to register.Lawyer acquitted over alleged made up charges about BP oil spill
Fri, 19th Aug 2016 08:38
(ShareCast News) - A lawyer has been acquitted on charges he made up thousands of false clients to sue oil giant BP for damages caused by the April 2010 Gulf of Mexico oil spill.Under a 2012 settlement BP agreed to compensate businesses and individuals affected by the disaster. Mikal Watts had allegedly sought to take advantage of the compensation programme. Reuters reported that Watts, from Texas, was found not guilty by a federal court in Mississippi on Thursday.His brother David Watts and Wynter Lee, who both worked for Mikal Watts' law firm, were also acquitted, as well as Hector Eloy Guerra and Thi Hoang 'Abbie' Nguyen.However, Gregory Warren and Thi Houng 'Kirsty' Le were prosecuted.The defendants were accused of submitting claims on behalf of over 40,000 people who were found to have false or stolen personal information, or had not agreed to be represented by Watt's San Antonio law firm.In one case, an alleged victim called Lucy Lu, who was said to be deckhand on a commercial vessel in the area, was actually a dog.The oil spill in the Gulf of Mexico resulted from an explosion in Transocean's Deepwater Horizon drilling rig, which was working under contract for BP in the Macondo prospect in April 2011. It was the worst offshore oil and environmental disaster in US history as 11 people were killed and over 3m barrels of oil was spilled affecting shorelines of several states for about three months. BP's final bill for the oil spill reportedly came to $61.6bn.Shares in BP were up 0.16% to 436.25p at 0913 BST.
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(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.
Read more9 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.
Read more9 Apr 2024 12:00
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Read more9 Apr 2024 10:21
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TOP NEWS: BP predicts upstream production will rise in first quarter
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Read more9 Apr 2024 08:44
LONDON MARKET OPEN: Stocks shaky ahead of US CPI data, ECB decision
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Read more9 Apr 2024 07:51
BP expects rise in first-quarter upstream energy output
April 9 (Reuters) - BP said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months.
Read more9 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 more9 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 more5 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 more5 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.
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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 more4 Apr 2024 11:58
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(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.
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