We would love to hear your thoughts about our site and services, please take our survey 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: 524.80
Bid: 525.20
Ask: 525.30
Change: -1.50 (-0.29%)
Spread: 0.10 (0.019%)
Open: 529.30
High: 530.70
Low: 522.30
Prev. Close: 526.30
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 midday: Banks and oil stocks drag Footsie lower after long weekend

Tue, 26th May 2015 11:33

Greek uncertainty, interest rate speculation stateside and tonnes of US economic data ahead led to a nervous start in London following the long weekend.The FTSE 100, which settled at a two-week closing high of 7,031.72 on Friday, was down 0.23% at 7,015.37 by Tuesday midday.Concerns that Greece will struggle to make its €1.6bn debt repayment to the International Monetary Fund next month were weighing on market sentiment as prime minister Alexis Tsipras called an emergencycabinet meeting to discuss reforms.Greek stocks dropped over 3% on Monday after interior minister Nikos Voutsis said at the weekend that Athens will not be able to meet its IMF deadline unless its works out a deal with creditors.Meanwhile, futures on Wall Street - which was also closed on Monday - were pointing to a lower open with risk appetite weighed down by surprisingly hawkish comments from Federal Reserve chair Janet Yellen on Friday, who talked down economic weakness in the first quarter as being only temporary."She claimed once again that a rate hike is likely this year which in the absence of strong earnings is harmful for stocks and supports the dollar," Oanda analyst Craig Erlam said. "There is plenty of US data being released today that will either support or discredit Yellen's claims," he said.After a quiet morning in terms of economic data, the macro calendar is expected to ramp up later on in the States with the release of durable goods orders, house prices, service-sector activity, new home sales, consumer confidence and regional manufacturing surveys.Banks and oil stocks fall, housebuilders gainBanking stocks were mostly lower, including Barclays, RBS, Standard Chartered and Lloyds.Oil group Soco International dropped after analysts at JPMorgan Cazenove downgraded the stock to 'underweight', saying it sees a "bumpy path for E&Ps".Others in the sector were also trading lower as Brent crude declined 0.7% to $65.07 a barrel, including Shell, Tullow Oil and BP.Taylor Wimpey, Barratt Developments and Bovis Homes were all higher after Deutsche Bank named them as its top picks in the UK housebuilding sector, highlighting attractive dividend yields across the industry.Royal Mail was in demand after Cantor Fitzgerald upgraded the postal delivery business from 'sell' to 'hold' and hiked its target price from 440p to 500p.Software group Micro Focus gained after reiterating its guidance to treble annual revenues on the back of a strong finish to its financial year, helped by the first contribution from its merger with The Attachment Group.Cineworld also impressed with like-for-like revenue growth of 10.7% in its first quarter, with a stream of blockbuster films expected to deliver a strong box office year ahead.Irish airline Ryanair surged after posting a 66% rise in full-year profit after tax as passenger numbers grew more than three times the company's targeted level. Market MoverstechMARK 3,303.73 +0.03%FTSE 100 7,015.37 -0.23%FTSE 250 18,172.01 -0.11%FTSE 100 - RisersRoyal Mail (RMG) 517.50p +2.78%Weir Group (WEIR) 1,984.00p +2.43%Taylor Wimpey (TW.) 188.00p +1.95%Barratt Developments (BDEV) 605.50p +1.68%BT Group (BT.A) 458.05p +1.55%Aggreko (AGK) 1,610.00p +0.94%Persimmon (PSN) 1,954.00p +0.93%Carnival (CCL) 3,171.00p +0.92%ITV (ITV) 269.70p +0.82%Rio Tinto (RIO) 2,926.00p +0.81%FTSE 100 - FallersIntertek Group (ITRK) 2,577.00p -1.90%Centrica (CNA) 275.70p -1.71%Morrison (Wm) Supermarkets (MRW) 178.20p -1.38%Hikma Pharmaceuticals (HIK) 2,113.00p -1.35%Royal Dutch Shell 'B' (RDSB) 1,974.00p -1.32%Randgold Resources Ltd. (RRS) 4,716.00p -1.32%Sainsbury (J) (SBRY) 258.00p -1.26%SABMiller (SAB) 3,590.00p -1.20%Royal Dutch Shell 'A' (RDSA) 1,948.50p -1.12%Fresnillo (FRES) 754.50p -1.11%FTSE 250 - RisersCountrywide (CWD) 599.00p +3.99%Ted Baker (TED) 2,909.00p +2.76%Fidelity China Special Situations (FCSS) 177.90p +2.54%Inchcape (INCH) 875.50p +1.98%Bank of Georgia Holdings (BGEO) 1,976.00p +1.91%Cineworld Group (CINE) 510.50p +1.90%Just Eat (JE.) 462.60p +1.45%Berkeley Group Holdings (The) (BKG) 3,075.00p +1.35%Crest Nicholson Holdings (CRST) 542.00p +1.31%Atkins (WS) (ATK) 1,460.00p +1.25%FTSE 250 - FallersTullow Oil (TLW) 397.60p -4.17%Brown (N.) Group (BWNG) 329.40p -3.12%Premier Oil (PMO) 160.10p -2.85%RPS Group (RPS) 224.40p -2.60%Vedanta Resources (VED) 618.00p -2.29%Synergy Health (SYR) 2,216.00p -2.29%Investec (INVP) 633.50p -2.09%Ophir Energy (OPHR) 131.10p -2.09%JD Sports Fashion (JD.) 622.00p -1.97%Lonmin (LMI) 136.40p -1.94%
More News
24 Apr 2024 19:30

Trans Mountain oil shippers raise concerns about risk of delay to full service

April 23 (Reuters) - Some shippers on Canada's Trans Mountain expansion project are raising concerns that the long-delayed oil pipeline will not be fully in service by its projected start date of May 1, according to a letter to the Canada Energy Regulator on Tuesday.

Read more
24 Apr 2024 13:24

Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan

LONDON, April 24 (Reuters) - Global natural gas prices will come under pressure through the end of the decade as supply and shipping infrastructure grow rapidly, particularly in Qatar and the U.S., J.P. Morgan said in a report.

Read more
24 Apr 2024 09:58

Aker BP Q1 beats forecast as costs fall, Tyrving to start sooner

OSLO, April 24 (Reuters) - Norwegian independent oil company Aker BP on Wednesday posted higher-than-expected net profit for the first quarter as costs fell, and said its Tyrving field development could start production sooner than previously planned.

Read more
24 Apr 2024 05:38

Aker BP Q1 beats forecast on record output, lower cost

OSLO, April 24 (Reuters) - Norwegian independent oil company Aker BP on Wednesday posted a higher-than-expected net profit for the first quarter as production hit a record while costs fell.

Read more
18 Apr 2024 14:45

BP's gas and renewables boss steps down, as CEO shrinks leadership

LONDON, April 18 (Reuters) - BP said on Thursday its head of natural gas and low carbon energy Anja-Isabel Dotzenrath will step down after just over two years, while CEO Murray Auchincloss announced plans to simplify its management structure.

Read more
18 Apr 2024 14:12

UK shareholder meetings calendar - next 7 days

Friday 19 April 
Murray International Trust PLCAGM
Quantum Exponential Group PLCGM re delisting or potential investment in company
Monday 22 April 
Renalytix PLCGM
Travis Perkins PLCAGM
Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
AFC Energy PLCAGM
Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
Hikma Pharmaceuticals PLCAGM
International Biotechnology Trust PLCAGM
London Stock Exchange Group PLCAGM
Manx Financial Group PLCAGM
Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
Relx PLCAGM
Schroders PLCAGM
Smithson Investment Trust PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
  
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
18 Apr 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 up despite hawkish Fed rates outlook

(Alliance News) - Stock prices in London were higher on Thursday afternoon, despite the prospect of higher for longer US interest rates hanging over stocks.

Read more
18 Apr 2024 09:04

IN BRIEF: BP trims executive team in operational restructuring

BP PLC - London-based oil and gas major - Announces organisational restructuring. Intends to keep its three businesses - production & operations, gas & low carbon energy and customers & products - enabled by trading & shipping. Plans to integrate the current regions, corporates & solutions organisation into the businesses and functions. BP will now be supported by five functions: finance; technology; strategy, sustainability & ventures; people & culture; and legal. BP explains these changes will "reduce duplication and reporting line complexity".

Read more
18 Apr 2024 08:11

BP cuts size of executive team, shakes up structure

(Sharecast News) - BP has trimmed its executive team as part of a shake-up of its organisational structure, it was confirmed on Thursday.

Read more
17 Apr 2024 18:58

Shell urges investors to reject shareholder group's climate demands

LONDON, April 17 (Reuters) - Shell on Wednesday urged shareholders to vote against an independent resolution, co-filed by a group of 27 investors, that called on the energy company to set tighter climate targets.

Read more
17 Apr 2024 17:36

Sustainable Finance Newsletter - Republican AGs look to limit climate groups

April 17 (Reuters) - In prior newsletters I have reported on the ongoing review by U.S. energy regulators of top asset managers' big utility holdings.

Read more
17 Apr 2024 13:55

Shell urges investors to reject shareholder group's climate demands

LONDON, April 17 (Reuters) - Shell on Wednesday urged shareholders to vote against an independent resolution, co-filed by a group of 27 investors, urging the energy company to set tighter climate targets.

Read more
17 Apr 2024 10:38

Carbon Done Right advances Sierra Leone rewilding project

(Alliance News) - Carbon Done Right Developments Inc on Wednesday said it has received the fourth disbursement of financing for its reforestation project in West Africa.

Read more
15 Apr 2024 17:10

LONDON MARKET CLOSE: Investors show nerves after Iran launches drones

(Alliance News) - Stock prices in London closed down on Monday, as tensions in the Middle East weighed on investors, with resources sliding as commodity prices fell.

Read more
15 Apr 2024 15:39

London close: Stocks slip on renewed geopolitical tensions

(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.

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.