Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full 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: 495.70
Bid: 496.00
Ask: 496.10
Change: 0.00 (0.00%)
Spread: 0.10 (0.02%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 495.70
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LONDON MARKET CLOSE: FTSE Struggles As Wall Street Slides; Ocado Rises

Mon, 28th Jan 2019 17:05

LONDON (Alliance News) - It was a sluggish start to the new week for the FTSE 100 on Monday, with losses gathering pace in the afternoon as US stocks opened on a downbeat note following disappointing earnings from industrial giant Caterpillar. The pound, meanwhile, was soft ahead of what is set be a dramatic day in parliament on Tuesday as MPs vote on various amendments to UK Prime Minister Theresa May's Brexit 'Plan B' in the House of Commons.The FTSE 100 index closed down 62.12 points, or 0.9%, at 6,747.10. The FTSE 250 ended down 108.90 points, or 0.6%, at 18,534.68, and the AIM All-Share closed just 0.18 of a point lower at 911.64.The Cboe UK 100 ended down 0.9% at 11,464.39, the Cboe UK 250 closed down 0.5% at 16,561.37, but the Cboe Small Companies ended up 0.1% at 11,209.99."The FTSE drifted lower across Monday's session, with losses accelerating amid a softer open on Wall Street. Concerns over a slowdown down in China overshadowed the end of the US government shutdown putting the UK index in line for its fifth straight negative close," said Fiona Cincotta, senior market analyst at City Index. In European equities on Monday, the CAC 40 in Paris ended down 0.8%, while the DAX 30 in Frankfurt ended down 0.6%.The euro stood at USD1.1437 at the European equities close Monday, against USD1.1409 at the same time on Friday.Stocks in New York were sharply lower at the London equities close, with the Dow Jones down 1.3%, the S&P 500 index down 1.1%, and the Nasdaq Composite down 1.3%.The week ahead is a busy one for US earnings, with the likes of iPhone maker Apple reporting on Tuesday, social media network Facebook on Wednesday and online retail giant Amazon on Thursday."Bellwether Caterpillar started the ball rolling, reporting earnings that sent a chill through the market. The industrial giant provided evidence of just how the economic slowdown in China is impacting on industrial firms," said City Index's Cincotta.Shares in the construction machinery firm slumped 8.5% in New York after the Dow Jones constituent missed analyst expectations. Adjusted profit per share for the fourth quarter of 2018 was USD2.55, below expectations for USD2.99.Sales and revenues for the fourth quarter of 2018 were USD14.34 billion, compared with USD12.90 billion in the fourth quarter of 2017, an 11% increase. Analysts expected revenue of USD14.33 billion for the quarter.Oil majors were among those dragging down the UK's headline stock index, with BP closing down 2.4% while Royal Dutch Shell 'A' shares shed 1.7% and 'B' shares 1.8%.Both companies were tracking the price of oil lower. Brent was quoted at USD59.66 a barrel at the London equities close Monday from USD61.34 late Friday."Oil is in the red as concerns about oversupply and worries about weaker demand have hurt the energy. On Friday, the Baker Hughes rig count report showed the number of active rigs in the US jumped by 10. There are also concerns about the state of the China economy, and its trade dispute with the US is a factor too," said David Madden, market analyst at CMC Markets.It was a better session for precious metal gold, which hit a fresh seven-month high of USD1,304.22 amid Monday's risk-off attitude. Gold was quoted at USD1,302.89 an ounce at the London equities close Monday against USD1,299.50 at the close on Friday.Back in the FTSE 100, Micro Focus International declined 2.2% after Goldman Sachs cut the software company to Neutral from Buy.Ocado ended as one of the gainers, up 2.1% on a report that Marks & Spencer is looking to launch a GBP1 billion food delivery service using the online grocer's technology.Ocado vans have been delivering Waitrose groceries under a contract which is due to expire in 2020. However, Waitrose now has its own delivery operations, and the Daily Mail reported on Sunday that M&S is mulling buying the Waitrose part of the Ocado business and replacing it with its own products. Shares in M&S closed just marginally higher on the news, up 0.1%.TI Fluid Systems closed among the FTSE 250 gainers, up 2.8% after it said constant currency annual revenue growth should exceed growth in global light vehicle production by around 3%.The company makes automotive fluid storage, carrying and delivery systems for light vehicles.TI Fluid's adjusted earnings before interest and tax margin is set to be "broadly" in line year-on-year at 11%. These results are in line with expectations as stated in November, and TI Fluid said it remains confident it can keep outperforming the light vehicle market.The company also said Chief Financial Officer Timothy Knutson will be leaving. Knutson will stay in his role until a replacement is found, which is expected to be done by the end of 2019.Dixons Carphone climbed 1.5% after Morgan Stanley raised the stock to Overweight from Neutral, believing shares in the electricals retailer look "very oversold".IG Group shed 5.0% as Liberum resumed the online trading platform with a Hold rating.Elsewhere on the Main Market, troubled airline Flybe advanced 22% to 4.14 pence after confirming a shareholder is trying to oust Chair Simon Laffin amid the company's takeover.Flybe made the statement in response to a report by Sky News on Saturday that Flybe's largest shareholder Hosking Partners wants to remove Laffin.Flybe confirmed Hosking has demanded a general meeting to vote on Laffin's removal and also on the appointment of Eric Kohn to the board to investigate Flybe's sales process."The board reaffirms it has acted at all times in the interests of its shareholders and all its stakeholders, through an extremely difficult and challenging period," said Flybe.Earlier in January, Flybe agreed to a 1 pence per share takeover offer from Connect Airways Ltd, a joint venture among Stobart Group, Virgin Atlantic, and DLP Holdings. This valued Flybe at GBP2.2 million, compared to an approximate market capitalisation at the time of GBP35.5 million based on a share price of 16.38p.Stobart shares closed down 1.4% at 159.20p. In the UK corporate calendar on Tuesday, fund supermarket Hargreaves Lansdown releases half-year results, as does Imperial Leather soap maker PZ Cussons. Postal operator Royal Mail releases a trading statement alongside food-to-go maker Greencore Group, while there are annual results from housebuilder Crest Nicholson.In Tuesday's economic calendar, Irish consumer confidence is at 0001 GMT followed by consumer confidence for France at 0745 GMT. The US Redbook index is at 1355 GMT followed by the S&P/Case-Shiller home price index at 1400 GMT and consumer confidence at 1500 GMT.In the UK, parliament faces a "Super Tuesday" Brexit showdown in the Commons as various factions compete to stamp their mark on the UK's EU withdrawal agenda.With parliamentary tradition upended by the battle for control of Brexit, what would normally have been just a bland neutral motion by the government on the prime minister's policy stance now threatens to take on a life of its own.As a result of a previous rebellion, MPs are able to table amendments to the motion, with the handful selected by Speaker John Bercow set to get voted on and potentially alter the course of the scheduled EU exit.Bercow is expected to choose up to half a dozen of the myriad of amendments put down using a selection process which is believed to include taking into account the backing each one has amassed and the likelihood of it passing.The pound was quoted at USD1.3161 at the London equities close Monday, soft compared to USD1.3173 at the close on Friday.

More News
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
27 Mar 2024 09:01

Big Oil's climate planning not good enough, investor group says

Climate Action 100+ assessed 10 top oil companies

*

Read more
27 Mar 2024 08:31

Big Oil's climate planning not good enough, investor group says

Climate Action 100+ assessed 10 top oil companies

*

Read more
25 Mar 2024 16:51

LONDON MARKET CLOSE: Renewed global tensions put pressure on stocks

(Alliance News) - Stock prices in London started the week in bad shape and closed lower on Monday, as investors sat on their hands amid rising global tensions.

Read more
21 Mar 2024 15:00

UK dividends calendar - next 7 days

Friday 22 March 
easyJet PLCdividend payment date
FRP Advisory Group PLCdividend payment date
Gulf Investment Fund PLCdividend payment date
Henderson Opportunities Trust PLCdividend payment date
Hercules Site Services PLCdividend payment date
Impax Asset Management Group PLCdividend payment date
JLEN Environmental Assets Group Ltddividend payment date
JPMorgan Multi-Asset Growth & Income PLCdividend payment date
Mattioli Woods PLCdividend payment date
Mobeus Income & Growth 2 VCT PLCdividend payment date
Mobeus Income & Growth 4 VCT PLCdividend payment date
Ramsdens Holdings PLCdividend payment date
Riverstone Credit Opportunities Income PLCdividend payment date
Ruffer Investment Co Ltddividend payment date
Samuel Heath & Sons PLCdividend payment date
Troy Income & Growth Trust PLCdividend payment date
Unilever PLCdividend payment date
Monday 25 March 
AstraZeneca PLCdividend payment date
Endeavour Mining PLCdividend payment date
Mountview Estates PLCdividend payment date
Shell PLCdividend payment date
Tuesday 26 March 
no events scheduled 
Wednesday 27 March 
abrdn Diversified Income & Growth PLCdividend payment date
Thursday 28 March 
Alliance Trust PLCdividend payment date
Balanced Commercial Property Trust Ltddividend payment date
Berkeley Group Holdings PLCdividend payment date
BHP Group Ltddividend payment date
BlackRock Energy & Resources Inc Trust PLCex-dividend payment date
BlackRock Sustainable American Income Trust PLCex-dividend payment date
BlackRock Throgmorton Trust PLCdividend payment date
BP PLCdividend payment date
City of London Investment Group PLCdividend payment date
Crown Place VCT PLCdividend payment date
CT UK Capital & Income Investment Trust PLCdividend payment date
Develop North PLCdividend payment date
Diversified Energy Co PLCdividend payment date
Downing Renewables & Infrastructure Trust PLCdividend payment date
Gateley Holdings PLCdividend payment date
Genus PLCdividend payment date
Hargreaves Lansdown PLCdividend payment date
HICL Infrastructure PLCdividend payment date
Idox PLCex-dividend payment date
Imperial Brands PLCdividend payment date
Melrose Industries PLCex-dividend payment date
Mid Wynd International Investment Trust PLCdividend payment date
Moneysupermarket.com Group PLCex-dividend payment date
NextEnergy Solar Fund Ltddividend payment date
North Atlantic Smaller Cos Investment Trust PLCdividend payment date
Personal Group Holdings PLCex-dividend payment date
Premier Miton Global Renewables Trust PLCdividend payment date
Quartix Technologies PLCex-dividend payment date
Renewables Infrastructure Group Ltddividend payment date
Schroder Real Estate Investment Trust Ltddividend payment date
SDCL Energy Efficiency Income Trust PLCdividend payment date
Smith & Nephew PLCex-dividend payment date
Taylor Wimpey PLCex-dividend payment date
Thames Ventures VCT 2 DSO 1 D PLCdividend payment date
Travis Perkins PLCex-dividend payment date
Utilico Emerging Markets Trust PLCdividend payment date
Vaalco Energy Incdividend payment date
Value & Indexed Property Income Trust PLCex-dividend payment date
VH Global Sustainable Energy Opportunities PLCdividend payment date
Volution Group PLCex-dividend payment date
Wynnstay Group PLCex-dividend payment date
  
Comments and questions to newsroom@alliancenews.com
  
A full 14-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
19 Mar 2024 16:57

LONDON MARKET CLOSE: European large-caps rise on eve of Fed decision

(Alliance News) - Blue-chip stock prices in Europe closed higher on Tuesday, showing little signs of nerves ahead of Wednesday's Federal Reserve decision and UK inflation reading.

Read more
19 Mar 2024 11:52

LONDON MARKET MIDDAY: European markets flat ahead of Fed and BoE

(Alliance News) - Stock prices in London were down at midday on Tuesday, as investors sat on their hands ahead of interest rate decisions from the UK and US.

Read more
18 Mar 2024 11:49

LONDON MARKET MIDDAY: FTSE 100 as shakes off pre-interest rate nerves

(Alliance News) - Stock prices in London were higher at midday Monday, as eyes were firmly on interest rate decisions across the globe.

Read more
15 Mar 2024 13:07

IN BRIEF: Costain wins place on GBP4 billion carbon capture project

Costain Group PLC - Maidenhead, Berkshire-based construction and engineering firm - Selected as one of nine specialist partners to deliver a carbon capture project beneath the North Sea off the east cost of England. The engineering, procurement, and construction contracts for the East Coast Cluster have a combined value of around GBP4 billion, Costain says. The contracts will be with Net Zero Teesside Power and the Northern Endurance Partnership. NZT Power is a electricity generating joint venture of the UK's BP PLC and Norway's Equinor. NEP is a joint venture of BP, Equinor and France's TotalEnergies SE that will provide CO2 transport and storage for the East Coast Cluster. Final investment decisions are expected in September or earlier, with the projects aiming for commercial operations from 2027.

Read more
15 Mar 2024 12:11

LONDON MARKET MIDDAY: FTSE 100 underperforms despite mining, oil boost

(Alliance News) - London's FTSE 100 overcame a muted morning to head into Friday afternoon on the up, though its progress was shy of the loftier gains seen by mainland European peers, as investors showed some signs of trepidation ahead of a pair of interest rate decisions next week.

Read more
14 Mar 2024 11:54

BP details green credentials in similar push towards net zero as Shell

(Alliance News) - BP PLC on Thursday outlined similar targets to cut emissions as peer Shell PLC, as both oil and gas majors strive to become net zero for carbon emissions by 2050.

Read more
14 Mar 2024 10:19

BP picks up Ashford site to boost electric charging scope for trucks

(Alliance News) - BP PLC on Thursday stepped up plans to increase its electric charging capacity for heavy goods vehicles by buying one of the largest truck stops in Europe.

Read more
8 Mar 2024 13:42

BP appoints Aviva boss Amanda Blanc as senior independent director

(Sharecast News) - Oil giant BP said on Friday that it has appointed Aviva chief executive Amanda Blanc as senior independent director with effect from after the annual meeting on 25 April.

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.