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 midday: Stocks slump on global economic concerns

Thu, 15th Nov 2012 11:49

US budget talks, Eurozone debt concerns and violence in the Middle East combined to pressure stocks lower on Thursday, pushing the Footsie to levels not seen since early September.The FTSE 100 hit an intraday low of 5,687 early on, before recovering to around the 5,700 mark by lunchtime. The last time the index closed lower was on September 5th when it finished at 5,658. Headlines continue to focus on the impending US 'fiscal cliff' as the country's politicians prepare for talks scheduled for Friday to come to an agreement on how to deal with the budget deficit. President Barack Obama's administration and Republican lawmakers must come to an agreement in order to avoid $607bn in spending cuts and tax increases that, if not changed, will take effect on January 1st. On this side of the Atlantic, it was revealed today that Eurozone gross domestic product (GDP) contracted by 0.1% in the third quarter, in line with consensus estimates. After accounting for a 0.2% decline in the second quarter, it means that the single-currency area entered technical recession - contracting for a second consecutive quarter.Dampening the outlook further was Belgium's central bank governor and ECB governing council member, Luc Coene, who said that Greece will eventually need another haircut on its "towering debt". In the UK, where sentiment is still fragile after the Bank of England yesterday cut its growth estimate for 2013, the Office for National Statistics revealed today that retail sales volumes fell by 0.8% in October, much worse than the 0.1% fall expected by analysts.In addition to the US 'fiscal cliff' and Eurozone concerns that continue to plague the markets, "the ongoing conflict between Israel and Hamas seems to be in danger of escalating causing additional uncertainty with investors fleeing out of stocks as a result," according to Markus Huber, head of German HNW trading at ETX Capital. FTSE 100: Wood Group drops after Nomura commentsOilfield services firm Wood Group sank after Nomura named its as one of the "top 'reduces' for 2013." The broker said that the stock is trading at a 24% premium to the sector average which is "unwarranted given undifferentiated business model and limited upside to EPS."Life insurer Resolution tanked after a somewhat mixed update, saying that new business profitability is continuing to improve, but that its international business is "below par" and it will incur higher costs from IT updates. Oil giant BP fell after announcing that it is close to resolving claims with US regulators relating to the Gulf of Mexico oil spill in 2010. The resolutions are expected to represent the largest criminal penalty in history. Rexam, the consumer packaging giant, dropped after revealing weakness in its Healthcare division, despite a broadly 'in line' performance in the third quarter across the group. British Gas owner Centrica fell after saying that average UK residential gas consumption for the first ten months of 2012 was 9% higher than for the same period of 2011, while average electricity consumption was 1% lower. Sector peer National Grid was subdued despite saying that underlying pre-tax profit of £1,154m for the six months to the end of September was up 21% from £953m the year before. Mining and banking stocks were performing relatively well today despite the macroeconomic uncertainty, with EVRAZ, Kazakhmys, RBS and Barclays among the best performers.Copper miner Antofagasta was bucking the trend after a decline in copper and molybdenum prices partially offset the benefits of increased volumes in the first nine months of 2012.FTSE 250: WS Atkins surges after half-year reportDesign and engineering consultancy group WS Atkins jumped after it topped expectations with its interim profits, and signalled optimism for the future by announcing that it has resumed recruiting. Nickel miner Talvivaara rose strongly after replacing its CEO Harri Natunen with Pekka Perä following the interruption to metals production caused by leakage in a gypsum pond.Construction group Kier was also in demand after saying that it remains on course to meet full year expectations as it builds momentum towards the second half of the year.FTSE 100 - RisersEvraz (EVR) 224.50p +3.27%Kazakhmys (KAZ) 675.50p +2.19%Royal Bank of Scotland Group (RBS) 283.40p +2.05%Xstrata (XTA) 966.00p +1.93%GKN (GKN) 206.40p +1.83%Eurasian Natural Resources Corp. (ENRC) 280.30p +1.48%Barclays (BARC) 240.90p +1.37%Burberry Group (BRBY) 1,191.00p +0.93%Fresnillo (FRES) 1,952.00p +0.88%Vedanta Resources (VED) 1,071.00p +0.85%FTSE 100 - FallersWood Group (John) (WG.) 798.00p -5.00%Resolution Ltd. (RSL) 229.20p -4.30%Marks & Spencer Group (MKS) 369.40p -2.38%Kingfisher (KGF) 277.00p -2.12%Amec (AMEC) 1,035.00p -1.99%Sainsbury (J) (SBRY) 332.70p -1.80%Babcock International Group (BAB) 957.00p -1.64%International Consolidated Airlines Group SA (CDI) (IAG) 164.00p -1.50%Whitbread (WTB) 2,380.00p -1.49%Old Mutual (OML) 167.10p -1.47%FTSE 250 - RisersAtkins (WS) (ATK) 696.00p +9.09%Talvivaara Mining Company (TALV) 114.50p +9.05%Investec (INVP) 385.70p +4.81%Bumi (BUMI) 278.00p +4.75%Kier Group (KIE) 1,149.00p +3.89%Bank of Georgia Holdings (BGEO) 1,070.00p +3.58%Domino Printing Sciences (DNO) 540.00p +3.45%Savills (SVS) 416.10p +2.97%Ted Baker (TED) 988.50p +2.86%Daejan Holdings (DJAN) 2,820.00p +2.77%FTSE 250 - FallersMan Group (EMG) 75.40p -3.58%IP Group (IPO) 103.80p -3.44%BBA Aviation (BBA) 197.90p -3.09%Big Yellow Group (BYG) 329.00p -2.75%Perform Group (PER) 390.40p -2.40%Redrow (RDW) 151.20p -2.39%Ruspetro (RPO) 97.25p -2.26%Smith (DS) (SMDS) 198.50p -2.22%Imagination Technologies Group (IMG) 454.90p -2.15%easyJet (EZJ) 646.00p -2.05%BC
More News
5 Apr 2024 12:00

LONDON MARKET MIDDAY: Stocks drop on Israel-Iran tensions and Fed talk

(Alliance News) - Stock prices in London were firmly down at midday on Friday, as rising tensions between Israel and Iran alongside doubts around the timing of US interest rate cuts hurt investor sentiment.

Read more
5 Apr 2024 08:47

LONDON MARKET OPEN: Europe slumps on US rate worry and rising tensions

(Alliance News) - Stocks in Europe had a downbeat start to the day on Friday, with investors unnerved by rising geopolitical tensions and hawkish remarks from US central bankers.

Read more
4 Apr 2024 16:55

LONDON MARKET CLOSE: US initial jobless claims hotter than expected

(Alliance News) - Stock prices in London closed up on Thursday, as investors first digested words from US Federal Reserve Chair Jerome Powell overnight, before reacting to hotter-than-expected US initial jobless claims.

Read more
4 Apr 2024 11:58

LONDON MARKET MIDDAY: Stocks up as Fed chair calms some rate nerves

(Alliance News) - Stock prices in London were in the green on Thursday afternoon, with mining stocks powering the FTSE 100 higher, as investors digested words from Federal Reserve Chair Jerome Powell.

Read more
2 Apr 2024 23:07

Sector movers: Builders and REITS slip, geopolitics boost Big Oil and gold miners

(Sharecast News) - Personal Goods was at the bottom of the pile on the FTSE 350 at the start of the second quarter, as fashion retailer Burberry Group's shares fell back towards their five-year lows.

Read more
2 Apr 2024 16:57

LONDON MARKET CLOSE: Europe down after Easter holiday weekend

(Alliance News) - The FTSE 100 took a hit on Tuesday, after a boost from London's miners and oil firms were not enough to lift the index.

Read more
2 Apr 2024 15:22

London close: Stocks turn red on return from Easter break

(Sharecast News) - UK stocks experienced a downturn by the end of trading on Tuesday, as investors resumed activity following the extended weekend, with initial gains reversed by the close ahead of a week marked by a number of key economic data releases.

Read more
2 Apr 2024 11:00

Biden administration approves eighth US offshore wind project

WASHINGTON, April 2 (Reuters) - The U.S. Interior Department on Tuesday approved the country's eighth commercial-scale offshore wind project, which will be built off the coast of Massachusetts, bringing online electricity to power more than 900,000 homes.

Read more
2 Apr 2024 09:09

LONDON MARKET OPEN: FTSE 100 up as oil majors and gold miners shine

(Alliance News) - Stock prices in London opened higher on Tuesday, in confident trade following the long Easter weekend, ahead of a UK manufacturing sector reading later in the morning.

Read more
2 Apr 2024 08:55

European oil stocks gain on expectations for higher demand, supply concerns

Read more
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

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.