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Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 497.00
Bid: 496.90
Ask: 497.00
Change: -6.70 (-1.33%)
Spread: 0.10 (0.02%)
Open: 498.00
High: 499.60
Low: 490.65
Prev. Close: 503.70
BP. Live PriceLast checked at -

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London open: Stimulus hopes drive gains early on

Tue, 30th Apr 2013 09:13

Strong gains for BP, Whitbread and financials stocks ensured that the FTSE 100 was firmly in positive territory on Tuesday morning as traders showed optimism ahead of central-bank meetings later this week.Sentiment across Europe was lifted early on after Swiss banking giant UBS smashed profit expectations in the first quarter and German lender Deutsche Bank rose after saying it would raise up to $6.3bn in new capital.London's benchmark index has now risen by around 3.0% since the start of last week after a raft of disappointing indicators from the Eurozone sparked hopes that the European Central Bank (ECB) will move to ease monetary policy when it meets on Thursday. The consensus is expecting at least a 25 basis-point reduction in the ECB's key lending rate from the current record-low level of 0.75%Shavaz Dhalla, a Financial Trader at Spreadex, said this morning: "The optimism seems to be well grounded as the Eurozone is struggling with returning to growth and recent data showing poor confidence levels by businesses is also concerning investors. Evidently investors now believe that more will be done by officials to help the struggling economy."Meanwhile, the US Federal Reserve is convening today for a two-day meeting and is widely expected to leave its current stimulus measures unchanged given last week's disappointing growth figures. It was revealed on Friday that first-quarter gross domestic product in the States expanded by just 2.5%, short of the 3.0% forecast.FTSE 100: BP impresses as first-quarter profits soarOil major BP was a high riser after replacement cost profits jumped from $4.8bn to $16.6bn in the first quarter, helped by proceeds from the disposal of its interest in the TNK-BP joint venture.Costa owner Whitbread was higher after recording a double-digit increase in annual revenue, profit and the dividend despite adverse weather conditions.Asset manager Aberdeen was performing well, extending gains after yesterday reporting a 13% increase in assets under management in the first half. The stock was given an extra lift this morning after JPMorgan Cazenove, Bank of America Merrill Lynch and Morgan Stanley all raised their target prices.Other financials, including Lloyds, RBS and Schroders were also making gains early on.Tobacco giant Imperial was in demand despite seeing revenues and profits slump in the first half due to weakness in Europe, excise-driven market dynamics in Russia and a new pricing strategy in the US.FTSE 100 - RisersLloyds Banking Group (LLOY) 55.60p +3.93%Evraz (EVR) 163.70p +3.35%BP (BP.) 470.35p +2.98%Royal Bank of Scotland Group (RBS) 301.50p +2.55%Schroders (SDR) 2,376.00p +1.63%Hammerson (HMSO) 531.00p +0.95%Serco Group (SRP) 620.00p +0.90%Shire Plc (SHP) 2,033.00p +0.79%ARM Holdings (ARM) 986.50p +0.77%Weir Group (WEIR) 2,240.00p +0.72%FTSE 100 - FallersCentrica (CNA) 371.40p -2.16%Tullow Oil (TLW) 999.00p -2.15%Wood Group (John) (WG.) 785.50p -1.44%Unilever (ULVR) 2,768.00p -1.32%International Consolidated Airlines Group SA (CDI) (IAG) 271.10p -1.27%Standard Life (SL.) 381.40p -1.06%Antofagasta (ANTO) 901.50p -0.93%Reed Elsevier (REL) 754.50p -0.92%Anglo American (AAL) 1,596.50p -0.78%BG Group (BG.) 1,074.50p -0.78%FTSE 250 - RisersInvensys (ISYS) 381.00p +4.44%Capital & Counties Properties (CAPC) 314.10p +3.08%New World Resources A Shares (NWR) 158.40p +2.92%Carpetright (CPR) 648.57p +2.78%Ocado Group (OCDO) 171.20p +2.39%Afren (AFR) 129.70p +2.05%Alent (ALNT) 337.40p +1.96%Synthomer (SYNT) 200.40p +1.93%Chemring Group (CHG) 281.40p +1.77%Man Group (EMG) 104.90p +1.75%FTSE 250 - FallersNMC Health (NMC) 325.00p -3.79%Heritage Oil (HOIL) 163.90p -3.70%Lonmin (LMI) 277.70p -2.66%Genus (GNS) 1,371.00p -1.93%Big Yellow Group (BYG) 400.60p -1.79%Thomas Cook Group (TCG) 128.30p -1.69%Hochschild Mining (HOC) 258.70p -1.64%United Drug (UDG) 304.70p -1.30%Balfour Beatty (BBY) 220.30p -1.17%Centamin (DI) (CEY) 41.30p -1.08%BC
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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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:

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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.

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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.

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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:

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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.

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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.

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