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Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 510.40
Bid: 509.40
Ask: 509.50
Change: -5.40 (-1.05%)
Spread: 0.10 (0.02%)
Open: 516.30
High: 516.60
Low: 506.10
Prev. Close: 515.80
BP. Live PriceLast checked at -

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London pre-open: Small loss forecast

Mon, 15th Nov 2010 07:37

Wall Street's failure to reclaim any lost ground Friday is expected to dampen the mood in London Monday.Futures prices point to an early 10-point decline for the FTSE 100 after the Dow Jones ended 90 lower in the US at the end of last week.Big news over here is BHP Billiton's decision to end its battle to buy Canada's Potash Corp for around US$40bn and sweeten shareholders with a $4.2b share buyback instead. Earlier this month, Canadian Minister of Industry Tony Clement said he wasn't satisfied the offer for the world's largest fertiliser maker was likely to be of net benefit to Canada and gave the company 30 days to prove otherwise. Today, BHP decided it couldn't satisfy the politicians and has withdrawn the offer, but not before racking up US$350m worth of costs.Platinum miner Lonmin bounced back into profit and recommenced dividend payments as higher metals prices offset the ongoing technical problems at its main furnace. Profits in the year to September came in at $240m, compared to a loss of $272m last time. Revenues rose from $1.06bn to $1.59bn. A final dividend of 15c is proposed.The trimming of the BP empire continued Monday morning with the oil giant completing the sale of five southern African marketing businesses. The company has agreed to sell its fuels marketing businesses in Namibia, Botswana and Zambia to Swiss company Puma Energy, a subsidiary of Trafigura Beheer. Autumn did not bring the usual increase in visitor numbers for Persimmon but the housebuilder said sales volumes have remained stable in the second half of the year. The company reiterated its previous guidance of an increase in full year sales revenues of around 10% more than last year, but said total borrowings at the end of the year are expected to be less than £80m, lower than previous guidance.Serco, the outsourcing company that recently got a telling off for asking suppliers to subsidise the group's contribution to the government's spending cuts, is on track to deliver on its financial guidance for 2010. At the half year Serco had an order book of £16.7bn, since when it has been awarded £2.3bn of contracts, bringing the total for the year to date to £4.5bn, comprising signed contracts valued at £3.7bn and preferred bidder appointments valued at £0.8bn.
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12 Apr 2024 08:58

LONDON MARKET OPEN: Stocks get boost thanks to growth in UK economy

(Alliance News) - Stock prices in London opened higher on Friday, thanks to new data suggesting the UK economy is out of recession.

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12 Apr 2024 07:56

UAE's ADNOC said to have recently considered BP takeover

(Sharecast News) - The United Arab Emirates' state-owned oil company recently considered buying BP but the deliberations did not progress beyond preliminary discussions, according to a report.

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11 Apr 2024 14:41

Senegal says oil, gas and mine contracts will be reworked if needed

DAKAR, April 11 (Reuters) - Senegal's new Energy and Mines Minister said on Thursday the government would renegotiate oil, gas and mining contracts if necessary once a promised audit is completed.

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10 Apr 2024 08:41

Johnson Matthey and BP win deal for US sustainable aviation fuel plant

(Alliance News) - Johnson Matthey PLC and BP PLC on Wednesday said their technology offering has been selected for use in a sustainable aviation fuel plant being built in the US state of Louisiana.

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10 Apr 2024 07:47

LONDON BRIEFING: Stocks called up ahead of US inflation data

(Alliance News) - Stocks in London are called to open higher, as investors shake off nerves ahead of a key US inflation reading.

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9 Apr 2024 17:26

Slide in defence stocks knocks down Europe's STOXX 600

BP gains on higher quarterly upstream energy output forecast

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9 Apr 2024 17:13

FTSE 100 ends down as defence stocks offset commodity gains

Easter food spending lifts UK retail sales in March

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9 Apr 2024 16:53

LONDON MARKET CLOSE: Stocks struggle in nervy trade before US data

(Alliance News) - European equities closed lower on Tuesday, with sentiment downbeat ahead of Wednesday's US inflation reading, though impetus could be found in gold, which hit another record high.

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9 Apr 2024 15:12

London close: Stocks slip ahead of ECB, US inflation print

(Sharecast News) - London markets closed lower on Tuesday, as investors braced for a key US inflation reading as well as a policy announcement from the European Central Bank later in the week.

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9 Apr 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 treads water despite boost from miners

(Alliance News) - Equities in London lacked impetus heading into Tuesday, as investors moved with caution ahead of a US inflation print on Wednesday and the European Central Bank's interest rate decision a day later.

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9 Apr 2024 10:21

PRESS: Shell could make London exit if value gap to US does not close

(Alliance News) - Shell PLC fired a warning shot to that it could be prepared to move its listing to the US in a fresh blow to London's financial centre.

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9 Apr 2024 08:53

TOP NEWS: BP predicts upstream production will rise in first quarter

(Alliance News) - BP PLC on Tuesday said it expects first quarter upstream production to be higher than the previous three month period but cautioned lower prices would hurt performance elsewhere.

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9 Apr 2024 08:44

LONDON MARKET OPEN: Stocks shaky ahead of US CPI data, ECB decision

(Alliance News) - Stock prices in London opened mostly lower on Tuesday, as investors look ahead to a key inflation reading from the US, as well as the latest interest rate decision from the European Central Bank.

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9 Apr 2024 07:51

BP expects rise in first-quarter upstream energy output

April 9 (Reuters) - BP said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months.

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9 Apr 2024 07:39

LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors nervously look ahead to US inflation data and the European Central Bank's latest interest rate decision.

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