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Share Price Information for BP (BP.)

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Share Price: 503.70
Bid: 503.80
Ask: 503.90
Change: -6.70 (-1.31%)
Spread: 0.10 (0.02%)
Open: 506.40
High: 515.30
Low: 499.60
Prev. Close: 510.40
BP. Live PriceLast checked at -

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London close: Shell rallies as it denies oil slick blame

Thu, 12th Apr 2012 17:11

After a mixed morning session, London's top shares kicked on in the afternoon, buoyed by Wall Street's strength.Bulls seized upon comments by New York Fed President William Dudley who opined that the US economy is not yet firing on enough cylinders to make a serious dent in the jobless numbers. The comments echoed those made the day before by the Fed's vice-chairperson, Janet Yellen. Yellen said she anticipated that the US would fall "far short" in achieving its maximum employment objective. Though both Fed members stopped short of suggesting that the US central bank ought to do more to grease the wheels of the US economy, the possibility evidently remains on the agenda and, at the very least, so the bulls argue, it means that low interest rates are here to stay for a while yet.Miners wanted ahead of China's GDP figuresMining stocks were wanted as speculation rose that China's gross domestic product (GDP) data for the first quarter, due to be released tomorrow, may prove to be better than expected.Economists are forecasting an annual increase of 8.3% in GDP, whch would represent a slow-down from the previous quarter's 8.9% year-on-year growth.Rio Tinto led the sector higher.Banking stocks were also wanted, with Barclays and Lloyds the stand-out stocks in the sector. Lloyds said talks with the Co-Op about the sale of 632 Lloyds branches are still taking place. The announcement followed a proposal from financial investment company NBNK, which is also interested in buying the branches.Anglo-Dutch oil group Royal Dutch Shell fell sharply in the morning session on the back of reports of a 10-by-one mile oil sheen near to one of its platforms in the Gulf of Mexico. The stock wiped out almost all of the morning's losses after the company said it does not believe the oil slick emanates from any of its wells in the area.Sticking with the blue-chips, engineering giant GKN was a high riser after an upgrade from Credit Suisse which upped its rating from neutral to outperform. Elsewhere in the engineering sector Rolls-Royce was buoyed by winning a turbine contract from the US navy.Temporary power and temperature control solutions group Aggreko jumped after reporting 21% growth in underlying group revenue in the first quarter. Making Hays while the sun shinesRecruitment firm Hays surged after saying that full-year operating profit is likely to come in at the top end of market expectations following a strong third quarter. Impressive growth in net fees overseas offset a slight decline in the UK and Ireland.Egyptian gold miner Centamin rose strongly after seeing total production grow 9% in the first quarter despite strike activity during the period. Sector peer Petropavlovsk pulled out of the tail-spin it has been in since the start of February after the company announced a sharp increase in gold production in the first quarter.Residential property owner Grainger was also in demand after saying that completed sales from its UK and German portfolios in the first half were ahead of the prior year.Highs and lows on the High StreetJD Sports Fashion, which sells sportswear for people who are not necessarily interested in participating in sporting activity, headed backwards after it said its margins are under pressure as even fashion-conscious consumers are looking for bargain prices on designer-labelled products.In contrast, baby and toddler products seller Mothercare was wanted, despite the company binning its dividend to save cash for its three-year turnaround programme, which has been given the support of its banks. The company intends to close another 111 UK stores as it continues its withdrawal from the high streets of Britain. Mothercare plans to reshape its UK operations around a profitable core of 200 stores, comprising 95 out of town stores and 105 High Street stores. Of these, 173 stores will carry the Mothercare brand and 27 are Early Learning Centres.Another company reducing its High Street presence is pubs group Punch Taverns. The group's shares took a leathering as it announced underlying earnings before interest, tax, depreciation and amortisation sank to £128.3m in the 28 weeks to March 3rd from £138.6m in the corresponding period of the previous year. Like-for-like income in Punch's core estate - i.e. the best performing pubs - fell 2.1% from the corresponding six month period a year earlier.Elsewhere in the mid-cap sector, supply chain management specialist Umeco shot up after an agreed bid at 550p per share from Cytec Industries.FTSE 100 - RisersGKN (GKN) 203.30p +6.16%Barclays (BARC) 223.45p +5.35%Rio Tinto (RIO) 3,487.00p +4.51%Lloyds Banking Group (LLOY) 31.91p +4.33%Aberdeen Asset Management (ADN) 267.50p +4.09%Johnson Matthey (JMAT) 2,359.00p +4.01%Randgold Resources Ltd. (RRS) 5,610.00p +3.79%Croda International (CRDA) 2,144.00p +3.62%ITV (ITV) 86.10p +3.61%Kazakhmys (KAZ) 896.50p +3.16%FTSE 100 - FallersResolution Ltd. (RSL) 248.50p -0.84%Royal Dutch Shell 'A' (RDSA) 2,125.00p -0.75%Royal Dutch Shell 'B' (RDSB) 2,174.00p -0.50%Centrica (CNA) 315.60p -0.38%Smith & Nephew (SN.) 612.50p -0.33%Man Group (EMG) 115.40p -0.26%FTSE 250 - RisersHays (HAS) 88.50p +8.92%Cable & Wireless Worldwide (CW.) 35.46p +7.81%Morgan Crucible Co (MGCR) 331.00p +5.72%Ocado Group (OCDO) 111.30p +5.70%Kesa Electricals (KESA) 65.15p +5.68%Laird (LRD) 222.00p +5.46%Ashtead Group (AHT) 250.40p +5.39%Salamander Energy (SMDR) 235.50p +5.37%Elementis (ELM) 193.90p +5.32%Bodycote (BOY) 398.70p +5.20%FTSE 250 - FallersAfrican Barrick Gold (ABG) 351.20p -5.26%Betfair Group (BET) 833.00p -3.64%SDL (SDL) 729.00p -2.15%TR Property Inv Trust Sigma Shares (TRYS) 66.00p -1.35%Anglo Pacific Group (APF) 296.50p -1.17%Hiscox Ltd. (HSX) 399.40p -1.16%Supergroup (SGP) 600.00p -1.15%Brown (N.) Group (BWNG) 225.00p -1.10%Marston's (MARS) 97.35p -1.07%Dairy Crest Group (DCG) 315.20p -1.07%FTSE TechMARK - RisersOxford Biomedica (OXB) 3.52p +19.73%Sepura (SEPU) 55.50p +4.72%Vectura Group (VEC) 60.75p +4.29%Anite (AIE) 127.50p +4.08%FTSE TechMARK - FallersNCC Group (NCC) 858.00p -2.94%Kofax (KFX) 301.00p -2.27%JH
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15 Feb 2024 09:17

BP hails arrival of LNG vessel at project off Senegal and Mauritania

(Alliance News) - BP PLC on Thursday celebrated the arrival of a gas vessel offshore west Africa, which it called a "major milestone" for its project there.

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14 Feb 2024 12:01

BP and Adnoc form gas joint venture in Egypt to boost capabilities

(Alliance News) - BP PLC on Wednesday said it will form a joint venture with Abu Dhabi National Oil Co in Egypt, under which BP will contribute its interests in three development concessions.

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14 Feb 2024 10:27

BP and Adnoc agree Egyptian joint venture

(Sharecast News) - BP has agreed a new joint venture in Egypt with long-standing partner Adnoc, it was confirmed on Wednesday.

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11 Feb 2024 09:27

PRESS: BP to book USD700 million windfall on UK tax changes - FT

(Alliance News) - BP PLC is set to book a USD700 million windfall due to UK tax changes aimed at boosting corporate pension fund investment in the economy, the Financial Times reported on Saturday.

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9 Feb 2024 11:44

LONDON MARKET MIDDAY: European markets quiet heading into afternoon

(Alliance News) - European stock markets were quiet heading into Friday afternoon, as investors eye the annual US consumer price index benchmarks revisions.

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8 Feb 2024 16:06

UK dividends calendar - next 7 days

Friday 9 February 
AJ Bell PLCdividend payment date
B&M European Value Retail SAspecial dividend payment date
BlackRock Latin American Investment Trust PLCdividend payment date
Braemar PLCdividend payment date
i3 Energy PLCdividend payment date
JPMorgan Multi-Asset Growth & Income PLCdividend payment date
Montanaro UK Smaller Cos Investment Trust PLCdividend payment date
Netcall PLCdividend payment date
Origin Enterprises PLCdividend payment date
Sage Group PLCdividend payment date
Schroder AsiaPacific Fund PLCdividend payment date
Tracsis PLCdividend payment date
Tufton Oceanic Assets Ltddividend payment date
Monday 12 February 
no events scheduled 
Tuesday 13 February 
Cohort PLCdividend payment date
Future PLCdividend payment date
Mondi PLCspecial dividend payment date
Wednesday 14 February 
Blackrock Frontiers Investment Trust PLCdividend payment date
Ecora Resources PLCdividend payment date
Grainger PLCdividend payment date
Oxford Metrics PLCdividend payment date
Supermarket Income REIT PLCdividend payment date
Unicorn AIM VCT PLCdividend payment date
Unicorn AIM VCT PLCspecial dividend payment date
Thursday 15 February 
Alternative Income REIT PLCex-dividend payment date
Aquila European Renewables PLCex-dividend payment date
Balanced Commercial Property Trust Ltdex-dividend payment date
BioPharma Credit PLCex-dividend payment date
BP Marsh & Partners PLCex-dividend payment date
BP PLCex-dividend payment date
Elixirr International PLCdividend payment date
Gabelli Merger Plus+ Trust PLCex-dividend payment date
GCP Asset Backed Income Fund Ltdex-dividend payment date
Greencoat UK Wind PLCex-dividend payment date
Gulf Investment Fund PLCex-dividend payment date
Hargreave Hale AIM VCT PLCdividend payment date
Henderson Opportunities Trust PLCex-dividend payment date
ICG Enterprise Trust PLCex-dividend payment date
Impax Environmental Markets PLCex-dividend payment date
Imperial Brands PLCex-dividend payment date
Invesco Perpetual UK Smaller Cos IT PLCex-dividend payment date
Invesco Select Trust PLC Global Equity Incomedividend payment date
Invesco Select Trust PLC UK Equitydividend payment date
JPMorgan European Growth & Income PLCex-dividend payment date
Knights Group Holdings PLCex-dividend payment date
M Winkworth PLCdividend payment date
Majedie Investments PLCex-dividend payment date
Mattioli Woods PLCex-dividend payment date
Mobeus Income & Growth 4 VCT PLCex-dividend payment date
Mountview Estates PLCex-dividend payment date
Murray Income Trust PLCex-dividend payment date
NCC Group PLCex-dividend payment date
NextEnergy Solar Fund Ltdex-dividend payment date
Pershing Square Holdings Ltdex-dividend payment date
PRS REIT PLCex-dividend payment date
Ramsdens Holdings PLCex-dividend payment date
Schroder UK Mid Cap Fund PLCex-dividend payment date
Shell PLCex-dividend payment date
Triple Point Venture VCT PLCex-dividend payment date
Troy Income & Growth Trust PLCex-dividend payment date
UK Commercial Property REIT Ltdex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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6 Feb 2024 17:39

London close: Stocks manage gains as oil prices rise

(Sharecast News) - London's financial markets finished with a positive performance on Tuesday, driven by encouraging data from the UK construction sector and BP's share buyback expansion.

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6 Feb 2024 17:04

LONDON MARKET CLOSE: BP and Prudential help snap FTSE losing streak

(Alliance News) - Stock prices in London pushed higher on Tuesday, with the FTSE 100 registering its first rise in four trading days, with oil major BP the star performer.

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6 Feb 2024 12:10

LONDON MARKET MIDDAY: BP tops FTSE 100 index on buyback promise

(Alliance News) - The FTSE 100 was higher at midday Tuesday, despite lingering unease in equity markets on US interest rate worries, while BP led the way among London's large-caps as it announced a buyback plan.

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6 Feb 2024 09:04

TOP NEWS: BP promises buybacks and hikes dividend despite profit fall

(Alliance News) - BP PLC on Tuesday reaffirmed it is sticking to its commitment to share buybacks despite reporting a profit decline amid a fall in oil prices.

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6 Feb 2024 08:53

LONDON MARKET OPEN: BP jumps after unveiling share buyback

(Alliance News) - The FTSE 100 in London opened higher on Tuesday, with oil major BP at the top of the index, thanks to its new share buyback programme.

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6 Feb 2024 07:47

LONDON BRIEFING: BP promises buyback despite drop in profit

(Alliance News) - Stocks in London are called to open higher, ahead of a slew of construction purchasing managers' index readings from the eurozone, the UK and Germany.

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6 Feb 2024 07:02

BP unveils $1.75bn buyback as 2023 profits halve on weaker oil price

(Sharecast News) - Shares in BP surged on Tuesday as the energy giant announced a $1.75bn share buyback despite a slump in annual profits as oil prices fell during 2023 from the spike caused by Russia's invasion of Ukraine.

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2 Feb 2024 17:12

LONDON MARKET CLOSE: Stocks mixed as US jobs data dashes rate cut hope

(Alliance News) - Stock prices in London closed mixed, after hotter-than-expected US jobs data hit already precarious investor sentiment and all but ensured the Federal Reserve will not be cutting interest rates next month.

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2 Feb 2024 13:14

BP appoints Kate Thomson as its permanent finance chief

(Sharecast News) - BP announced the appointment of Kate Thomson as its new, permanent chief financial officer on Friday, effective immediately.

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