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: 460.00
Bid: 459.60
Ask: 459.80
Change: 0.00 (0.00%)
Spread: 0.20 (0.044%)
Open: 460.30
High: 463.35
Low: 458.30
Prev. Close: 460.00
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: Pound jumps above USD1.26 mark on Black Friday

Fri, 24th Nov 2023 16:56

(Alliance News) - Global markets saw a lacklustre session this Black Friday, with European markets edging just slightly higher.

The FTSE 100 index closed up 4.62 points, 0.1%, at 7,488.20. The FTSE 250 ended down 22.73 points, 0.1%, at 18,458.10, and the AIM All-Share closed down 1.18 points, or 0.2%, at 716.90. Over the past week they are down 0.2%, 0.6% and 0.4%, respectively.

The Cboe UK 100 ended up slightly at 747.65, the Cboe UK 250 closed up 0.1% at 15,994.54, and the Cboe Small Companies ended down 0.3% at 13,447.36.

In European equities on Friday, the CAC 40 in Paris and the DAX 40 in Frankfurt both ended up 0.2%.

The pound was quoted at USD1.2605 at the London equities close Friday, higher compared to USD1.2542 at the close on Thursday. The euro stood at USD1.0935 at the European equities close Friday, up against USD1.0909 at the same time on Thursday. Against the yen, the dollar was trading at JPY149.59, up compared to JPY149.49 late Thursday.

The pound on Friday jumped above the USD1.26 mark, thanks to some strong economic data on Thursday and Friday.

"Yesterday’s UK PMI survey report saw a surprise move back into expansion territory, with markets reacting by lifting expectations of a rate hike (22%) in the first quarter," said Scope Markets Joshua Mahony.

On Thursday, the S&P Global/CIPS flash UK flash composite purchasing managers' index rose to 50.1 points in November, from 48.7 in October. This marked a four-month-high and represents growth, edging above the no-change 50.0 mark.

There was more good news for the UK on Friday, with figures showing that UK consumer confidence bounced back in November.

GfK's long-running consumer confidence index rose by six points, although it still languished at minus 24. Confidence in the general economy over the next 12 months also increased by six points to minus 26 points. This is 32 points higher than a year ago.

This has given retailers much needed encouragement amid the key Black Friday weekend and the run-up to Christmas.

Retailers were amongst the best performers on Black Friday. Kingfisher and Tesco were both up 1.4% and B&M edged up 1.2%. Clothing retailers also edged higher, with Frasers, Next and JD Sports were up 0.6%, 0.5% and 0.4%

Markets its New York reopened on Friday for a shorter session, following them being closed for Thanksgiving on Thursday.

Stocks in New York were mixed at the London equities close, with the DJIA up 0.3%, the S&P 500 index down marginally, and the Nasdaq Composite down 0.3%.

In other news, oil prices were regaining composure on Friday after dropping following the unexplained postponement of the Opec+ meeting. The key ministerial gathering of the oil-producing alliance was pushed back from Sunday to next Thursday.

"Moves in commodity prices have been fairly muted on the week, but this masks a dramatic mid-week plunge and recovery in oil prices," said Capital Economics Caroline Bain.

Brent oil was quoted at USD81.47 a barrel at the London equities close Friday, up from USD80.65 late Thursday. In the past week, brent has hit lows of USD76.57 and highs of USD82.89.

Bain added: "We think that the most likely outcome of the meeting is that Russia and Saudi Arabia extend their voluntary cuts into January. If we are right, oil prices will find support at current levels, but are unlikely to make gains."

Developments in the Middle East could also affect the trajectory of oil prices, as the four-day truce between Israel and Hamas begins.

Oil majors BP and Shell closed higher on the oil price recovery, up 0.6% and 0.4%, respectively.

Elsewhere in the FTSE 100, Barclays rose 1.1%.

On Thursday, Reuters reported that Barclays is working on restructuring plans that could involve cutting as many as 2,000 jobs to save GBP1 billion.

The job cuts would be mostly in the London-based bank's back office, Reuters said, citing "a person with direct knowledge of the proposals".

Sage Group was among the index's worst performers, down 2.7%. Canaccord cut the stock of the entreprise software firm to 'sell' from hold'

On AIM, Team17 plummeted 46%.

The Wakefield, England-based developer of video games, educational entertainment apps for children, and working simulation games said it now expects full-year adjusted earnings before interest, tax, depreciation and amortisation of at least GBP28.5 million, including non-cash title impairments of up to GBP11.5 million.

In 2022, it achieved an adjusted Ebitda of GBP48.8 million.

Team17 said this resulted from it being "too slow to address some project overspends" and delays on key cost initiatives, as well as some of its games not selling as well as it had originally expected.

Gold was quoted at USD1,999.98 an ounce at the London equities close Friday, higher against USD1,992.02 at the close on Thursday.

In Monday's UK corporate calendar, Rightmove will publish a trading statement. On Tuesday there are full year results from easyJet.

Looking ahead to Tuesday, the economic calendar has the US consumer confidence index. Also on Tuesday, there is the UK Zoopla house price index and shop price index overnight.

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
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
8 Mar 2024 12:20

IN BRIEF: BP promotes Aviva chief executive officer to senior director

BP PLC - London-based oil major - Non-Executive Director Amanda Blanc will be appointed as a senior independent director, effective from April 25 at the conclusion of BP's annual general meeting. Blanc joined BP's board in September 2022. She has been group chief executive officer of Aviva PLC since July 2020. Company also says Senior Independent Director Paula Reynolds will retire at the AGM's conclusion, having served on the board for nine years. Non-Executive Director John Sawers will also be retiring.

Read more
8 Mar 2024 10:33

BP pays Auchincloss £8m in 2023, claws back £1.8m from Looney

(Sharecast News) - BP chief executive officer Martin Auchincloss was paid £8m for his services in a particularly prosperous year, it was revealed on Friday, as it managed to claw back a further £1.8m from its former head Bernard Looney.

Read more
4 Mar 2024 15:29

London close: Stocks languish ahead of Wednesday's Budget

(Sharecast News) - London's stock markets finished in the red on Monday, reflecting investor apprehension ahead of the impending Spring Budget.

Read more
4 Mar 2024 10:43

Jefferies upgrades BP to 'buy'

(Sharecast News) - Jefferies upgraded BP on Monday to 'buy' from 'hold' and lifted the price target to 570p from 520p.

Read more
4 Mar 2024 08:59

LONDON BROKER RATINGS: Jefferies says buy BP; UBS says buy Compass

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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.