George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the 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: 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: FTSE 100 buoyant as Next rallies retailers

Wed, 14th Sep 2011 12:12

The volatility continues with the top share index in the blue now after a weak start.In what it confessed has been a difficult year so far, clothing retailer Next saw half-year sales rise 3% to £1,565m from the year before, while profit before tax jumped 8.5% to £228m. Excluding its Ventura arm, Next is guiding to full-year profit before tax of between £545m and £590m. The shares are sharply higher, as are fellow retailers such as Marks & Spencer and Debenhams. "Looking ahead to our full year results, we believe that VAT exclusive NEXT Brand sales for the year will be between 2.0% and 4.5% ahead of last year, which would result in NEXT Group profits being up between +0.4% and +8.7% and EPS up between +7.5% and +16.4%," the group said.Oil giant BP, which has moved to take full control of its Brazilian biofuels mills, buying the remaining half of ethanol mill owner Tropical BioEnergia and a 3% stake in sugar and ethanol producer Companhia Nacional de Açúcar e Álcool (CNAA), is in demand.Property groups British Land and Land Securities, downgraded to sell from hold by Societe Generale on euro debt crisis worries, are among the laggards in the FTSE 100House building and construction group Galliford Try exceeded its profit expectations last year after putting on a spurt in the second half. Underlying profit before tax rose 34% to £35.1m from £26.1m the year before, on revenue that climbed 5% to £1,284m from £1,222m.Also in housebuilding Barratt Developments returned to profit (before exceptional costs) for the full year with a pre-tax return of £42.7m, versus a loss of £33.0m the year before. For the first 11 weeks of the current financial year, the house builder's average net private reservations totalled 183 per week, 10.2% above the same period last year.Strong carbon markets helped coal supplier Hargreaves Services post a sharp rise in profits for the year to 31 May. Underlying pre-tax profits rose to £40.5m from £34.3m on revenues up to £552.3m from £459.8m. Underlying diluted earnings per share rose to 103.7p from 88.8p. Broker Panmure Gordon had predicted a profit of £40m for the year, with earnings per share climbing by 34.1% to 101.4p.Avingtrans, the designer, manufacturer and supplier of critical components and associated services to the energy, medical, industrial and global aerospace sectors, posted a 32% increase in full year earnings and reintroduced a dividend payment. EBITDA increased 32% to £3.3m for the year ended 31 May 2011 from £2.5m in 2010. Turnover increased by 27% to £36.3m. Gross profit margin increased to 29% from 26% the year before. AIM listed integrated wealth management group Brooks Macdonald said underlying pre-tax profit rose 37% to £7.8m in the year ended 30 June 2011. Revenues rose by 29% to £52.2m while statutory pre-tax profits advanced 28% to £7.3m. Total funds under management increased by 36% to £2.969bn. Gold miner Noricum is shining after it reported more positive results from its sampling and reconnaissance work at its Altenburg Valley target in south-central Austria. The company took 92 samples from the valley, which showed values up to 86.4 g/t (grams per tonne), a high grade.Film and TV content distributor Entertainment One, which owns the franchise for the cartoon character Peppa Pig, jumps after confirming speculation that it is considering being bought. FTSE 100 - RisersNext (NXT) 2,494.00p +6.81%Royal Bank of Scotland Group (RBS) 23.22p +6.12%Kingfisher (KGF) 245.10p +4.79%InterContinental Hotels Group (IHG) 1,031.00p +4.51%BP (BP.) 398.25p +4.36%Inmarsat (ISAT) 506.00p +4.07%International Consolidated Airlines Group SA (IAG) 152.40p +4.03%GKN (GKN) 181.90p +3.94%Burberry Group (BRBY) 1,345.00p +3.94%Lloyds Banking Group (LLOY) 32.99p +3.64%FTSE 100 - FallersLand Securities Group (LAND) 659.00p -1.64%British Land Co (BLND) 495.00p -1.30%Imperial Tobacco Group (IMT) 2,035.00p -0.93%Aggreko (AGK) 1,799.00p -0.72%Capita Group (CPI) 702.00p -0.50%Capital Shopping Centres Group (CSCG) 317.70p -0.47%Admiral Group (ADM) 1,265.00p -0.39%ARM Holdings (ARM) 584.50p -0.34%Pearson (PSON) 1,068.00p -0.19%Standard Chartered (STAN) 1,337.50p -0.11%FTSE 250 - RisersBwin.party Digital Entertainment (BPTY) 128.20p +12.46%Debenhams (DEB) 56.85p +8.39%Thomas Cook Group (TCG) 36.61p +8.15%Enterprise Inns (ETI) 37.62p +7.18%Inchcape (INCH) 285.70p +5.39%Perform Group (PER) 215.00p +4.88%Dixons Retail (DXNS) 11.46p +4.66%Ocado Group (OCDO) 119.40p +4.55%Lamprell (LAM) 280.00p +4.52%Carpetright (CPR) 527.00p +4.25%FTSE 250 - FallersKesa Electricals (KESA) 90.15p -3.84%Hansteen Holdings (HSTN) 75.30p -2.14%Rathbone Brothers (RAT) 1,045.00p -1.79%F&C Asset Management (FCAM) 65.55p -1.65%International Public Partnerships Ltd. (INPP) 114.00p -1.64%RPC Group (RPC) 303.50p -1.59%Savills (SVS) 292.20p -1.28%FirstGroup (FGP) 342.10p -1.21%JPMorgan Asian Inv Trust (JAI) 198.40p -1.10%SEGRO (SGRO) 238.70p -1.04%
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.