focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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: 487.40
Bid: 487.30
Ask: 487.40
Change: -9.55 (-1.92%)
Spread: 0.10 (0.021%)
Open: 491.70
High: 492.10
Low: 485.85
Prev. Close: 496.95
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 open: Stocks surge ahead of BoE, ECB meetings

Thu, 05th Sep 2013 08:13

The FTSE 100 jumped strongly in early trading on Thursday as investor risk appetite increased ahead of policy decisions from the Bank of England (BoE) and the European Central Bank (ECB) later on.The Bank of Japan meeting overnight was "a bit of a non-event", according to Market Analyst Craig Erlam, after policymakers voted unanimously for no change in policy, as expected. This decision "comes as no surprise given the size of the bond buying programme already in place and the fact that, so far, 'Abenomics' appears to be working, with small amounts of growth and inflation being seen", Erlam said.No change is also expected from the BoE and ECB which unveil their decisions at 12:00 and 12:45, respectively, though a close eye will be kept on any accompanying statements from both central banks which could spark some volatility in the markets.As for the BoE, analysts at Nomura said this morning with forward guidance is now in effect it should make this meeting a "relatively easy" one. "The big question is whether the market is pricing in a more aggressive hiking cycle because it does not believe this guidance, which would warrant further policy action."The Federal Reserve's September Beige Book gave stocks on Wall Street a boost last night after it found that the economic activity grew at a "modest to moderate" pace between July and August, similar to the previous survey. Analyst Cooper Howes from Barclays said that the Beige Book "is consistent with our expectations of a tapering of asset purchases at the September Federal Open Market Committee meeting".Investors are now looking ahead to the all-important US jobs report on Friday which will be a large factor in the Fed's decision on whether or not to adjust current stimulus measures later this month.If that wasn't enough, markets will have a barrage of other economic data to digest today, including ADP employment figures, jobless claims, factory orders and the ISM non-manufacturing index.Syria will likely still be on the back of everyone's minds on Wednesday as President Barack Obama continues to gather support for a US intervention following last month's alleged chemical weapons attack by Bashar al-Assad's regime. Ahead of the crucial vote in Congress next week, Obama said the credibility of the US is on the line over its response. "We believe very strongly with high confidence that chemical weapons were used; we want to join with the international community for an effective response," he said.easyJet rebounds with traffic numberseasyJet, which suffered from negative readacross after Ryanair's profit warnings yesterday, was rebounding this morning after reporting rising passenger numbers and an increased load factor for August. Banks were also performing well early on with Standard Chartered, HSBC, Lloyds, RBS and Barclays all registering decent gains.Sector peers BP and Shell were subdued after a cautious research report from Nomura which maintained its 'neutral' stance on European 'Big Oil' stocks. The broker said: "Recent market optimism on the outlook for European Big Oil is premature, in our opinion. Visibility is improving but a transition to long-life assets and a more unconventional asset base will cost more and take longer than consensus expects."Oil and gas group BG Group however was in positive territory after Nomura reiterated its 'buy' rating, saying it offers "differentiated growth" from others in the Big Oil sector.Electronics retailer Dixons jumped this morning after saying that underlying group sales rose 4% in the first quarter. It also said it had received an offer for its problematic PIXmania arm and announced the disposal of EletroWorld Turkey.Fashion group SuperGroup also rose strongly after reporting that quarterly sales soared by nearly 26% following strong demand across the group, in particular womenswear.FTSE 100 - RisersInterContinental Hotels Group (IHG) 1,910.00p +4.03%Marks & Spencer Group (MKS) 495.30p +3.47%easyJet (EZJ) 1,254.00p +3.21%Standard Chartered (STAN) 1,473.00p +2.61%ARM Holdings (ARM) 897.00p +2.51%Persimmon (PSN) 1,138.00p +2.43%Prudential (PRU) 1,129.00p +2.26%Lloyds Banking Group (LLOY) 74.20p +2.16%HSBC Holdings (HSBA) 705.80p +2.07%BAE Systems (BA.) 448.90p +2.02%FTSE 100 - FallersGlaxoSmithKline (GSK) 1,654.50p -0.69%Tate & Lyle (TATE) 807.00p -0.68%Melrose Industries (MRO) 299.40p -0.43%G4S (GFS) 255.30p -0.27%BP (BP.) 442.60p -0.12%Croda International (CRDA) 2,637.00p -0.11%CRH (CRH) 1,392.00p -0.07%Tesco (TSCO) 365.85p -0.05%FTSE 250 - RisersDixons Retail (DXNS) 47.91p +8.25%ICAP (IAP) 394.60p +5.25%Imagination Technologies Group (IMG) 277.40p +4.96%Go-Ahead Group (GOG) 1,535.00p +4.07%Rentokil Initial (RTO) 107.00p +3.48%Supergroup (SGP) 1,198.00p +3.37%Domino Printing Sciences (DNO) 694.50p +3.35%Galliford Try (GFRD) 1,010.00p +3.22%International Personal Finance (IPF) 636.50p +3.16%Mitchells & Butlers (MAB) 453.70p +2.79%FTSE 250 - FallersEnterprise Inns (ETI) 141.50p -3.02%esure Group (ESUR) 227.90p -2.19%NMC Health (NMC) 323.00p -1.79%Kenmare Resources (KMR) 28.18p -1.78%Bumi (BUMI) 216.00p -1.68%Cranswick (CWK) 1,130.00p -1.05%Salamander Energy (SMDR) 129.50p -0.84%Barr (A.G.) (BAG) 545.00p -0.64%Betfair Group (BET) 987.00p -0.50%BH Macro Ltd. GBP Shares (BHMG) 2,155.00p -0.46%BC
More News
22 Jan 2024 19:33

Trinidad in talks with Europe to supply Venezuelan gas

PORT OF SPAIN, Jan 22 (Reuters) - Trinidad and Tobago has begun talks with some European countries on the supply of liquefied natural gas (LNG) produced from Venezuelan gas, Prime Minister Keith Rowley said on Monday.

Read more
22 Jan 2024 10:44

SDI promotes Chief Operating Officer Stephen Brown to chief executive

(Alliance News) - SDI Group PLC on Monday said its chief executive officer has stepped down, naming its chief operating officer as successor.

Read more
18 Jan 2024 21:47

Three New England states extend offshore wind solicitation due date

Jan 18 (Reuters) - Massachusetts, Connecticut and Rhode Island extended on Thursday the date bids are due in the states' next offshore wind solicitations from Jan. 31 to March 27.

Read more
18 Jan 2024 20:32

EXECUTIVE CHANGES: Eco Buildings chair leaves and vice chair ousted

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

Read more
17 Jan 2024 15:03

London close: Stocks slip after surprise jump in UK inflation

(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.

Read more
17 Jan 2024 12:10

BP's Auchincloss named CEO, reaffirms energy transition plan

Auchincloss was interim CEO

*

Read more
17 Jan 2024 08:48

LONDON MARKET OPEN: UK inflation surprises markets sending stocks down

(Alliance News) - Stock prices in London took a hit on Wednesday morning, after some hotter-than-expected UK inflation data added to interest rate worries.

Read more
17 Jan 2024 08:33

TOP NEWS: BP buys Getec Energie; promotes Auchincloss to permanent CEO

(Alliance News) - BP PLC on Wednesday said that it will buy Getec Energie GmbH as it promoted Murray Auchincloss to the role of permanent chief executive officer.

Read more
17 Jan 2024 07:46

LONDON BRIEFING: UK inflation surprises as unexpectedly rises to 4.0%

(Alliance News) - Stocks in London are called to open lower on Wednesday, following some hotter-than-expected consumer price data from the UK.

Read more
17 Jan 2024 07:11

BP names acting CEO Murray Auchincloss as permanent leader

(Sharecast News) - BP has named its former chief financial officer Murray Auchincloss as its permanent chief executive, after having served in an interim capacity for the past four months.

Read more
16 Jan 2024 21:28

PRESS: BP close to naming acting CEO Auchincloss as permanent chief

(Alliance News) - Directors of BP PLC were meeting on Tuesday evening to finalise the appointment of Murray Auchincloss, the company's acting chief executive, as its permanent boss, according to a report.

Read more
16 Jan 2024 16:38

Shell halts Red Sea shipments over attack fears from Yemeni rebels

(Alliance News) -London-based oil major Shell PLC has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Houthi rebels, according to a media report on Tuesday.

Read more
16 Jan 2024 13:13

Shell in Nigeria

LONDON, Jan 16 (Reuters) - Shell pioneered Nigeria's oil and gas industry and remains a major investor in the West African country even after exiting its onshore operations. But over the decades the British company has come under fire over spills in the Delta region and struggles with oil theft, corruption and oil-fuelled violence.

Read more
12 Jan 2024 15:39

London close: Stocks rise on positive UK economic data

(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.

Read more
8 Jan 2024 19:48

Shell signs 20-year purchase deal with Canadian Ksi Lisims LNG project

Jan 8 (Reuters) - Global gas giant Shell has agreed to buy two million metric tons of liquefied natural gas (LNG) per year from Ksi Lisims LNG, partners in the proposed Canadian project said on Monday.

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.