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
4 Mar 2024 08:55

LONDON MARKET OPEN: Review cuts Hipgnosis Songs Fund valuation

(Alliance News) - Stock prices in London opened mostly lower on Monday, as investor attention remained primarily on the release of the UK Spring budget on Wednesday.

Read more
4 Mar 2024 07:41

LONDON BRIEFING: Stocks called down; attention on UK's spring budget

(Alliance News) - Stocks in London are called to open lower, ahead of a busy week of economic news.

Read more
22 Feb 2024 09:49

LONDON BROKER RATINGS: Berenberg raises Moneysupermarket.com to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Read more
15 Feb 2024 16:52

LONDON MARKET CLOSE: Stocks in green despite UK hit by recession

(Alliance News) - Stock prices in London closed higher on Thursday, after data showed that the UK economy slipped into recession in the final quarter of 2023, buoying hopes for interest rate cuts from the Bank of England.

Read more
15 Feb 2024 14:55

London close: Stocks manage gains despite UK recession news

(Sharecast News) - London markets had a mixed but ultimately positive day of trading on Thursday, despite news that the UK fell into a technical recession at the end of 2023.

Read more
15 Feb 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 flat as strong start fades

(Alliance News) - The FTSE 100 tread water on Thursday afternoon, as share price declines for some of London's heavyweights offset a strong start for the index, which got a boost from Bank of England rate cut hopes.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

Read more
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.

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.