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Share Price Information for BP (BP.)

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Share Price: 468.35
Bid: 468.25
Ask: 468.40
Change: -2.15 (-0.46%)
Spread: 0.15 (0.032%)
Open: 468.40
High: 472.45
Low: 467.30
Prev. Close: 470.50
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Monday newspaper round-up: Italy, China manufacturing, Help to Buy

Mon, 30th Sep 2013 07:25

Enrico Letta, Italy's centre-left Prime Minister, is seeking urgently parliamentary support for a new government after centre-right leader Silvio Berlusconi pulled his ministers out of their five-month-old coalition, risking a financial market backlash. Mr Letta held crisis talks on Sunday night with Giorgio Napolitano, head of state, who earlier said he would explore all alternatives before using his constitutional powers to dissolve parliament and call new elections. Mr Letta is expected to address parliament early this week, according to the FT. China's manufacturing growth this month was much weaker than initial estimates, according to an industrial survey that raises concerns about the durability of the economy's rebound. The purchasing managers' index published by HSBC edged up to 50.2 in September from 50.1 in August. While that points to mild expansion for the vast Chinese manufacturing sector, it is well below the preliminary survey result of 51.2 that had been announced just last week, the FT writes. Banks accounting for about a third of the mortgage market will start offering taxpayer-subsidised mortgages in just over a week after the Government brought forward the launch date of its controversial Help to Buy scheme by three months. On the eve of the Conservative party conference in Manchester, David Cameron said that the state-backed lenders, Royal Bank of Scotland and Lloyds Banking Group, have signed up to the scheme and the launch date has been brought forward from January. Help-to-Buy will initially be available under the NatWest, RBS and Halifax brands but a Tory spokesman said that other banks are expected to take part over time, The Daily Telegraph reports.The end of the investment drought could be in sight after a survey of top company executives revealed that they are prioritising expansion over cost-cutting for the first time in more than two years. Deloitte asked 116 chief financial officers ? from FTSE 100 executives to the bosses of British divisions of big foreign-listed entities ? what priorities would affect their plans for the UK and Europe in the next year. Those answering "expansionary strategies" outnumbered others answering defensive strategies by 54%, The Times says.All of Britain's "Big Four" accountancy firms plan to expand in the coming months to cope with a resurgence of demand for business advice. Between them, the group of four want to hire more than 13,000 people by the summer next year. PwC, Britain's biggest accountant, said that it expected to hire at least 4,000 people by the end of June, split evenly between experienced professionals, graduates and school leavers, The Times reports. BP is to face the second round of its legal trial over the Gulf of Mexico oil spill this week which could leave it with an $18bn (£12bn) fine as it fights claims that it could have capped the biggest offshore spill in US history earlier. The figure is more than five times the $3.5bn BP has put aside to settle the case which has been hanging over the company since 2010 when the explosion of the Deepwater Horizon oil platform triggered the biggest marine disaster in US history, according to The Daily Telegraph. Royal Bank of Scotland should split off its US-based Citizens arm, as well as the loss-making Ulster Bank division, to create a new bank that could be privatised more easily, according to analysts at UBS. However, the bank's house broker said the state-backed lender - which last week sealed a deal to spin off more than 300 branches to a consortium supported by the Church of England - should not be carved up into a "good" and "bad" bank, arguing that the benefits would be outweighed by the efforts involved, The Scotsman says. AB
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4 Jun 2024 11:59

LONDON MARKET MIDDAY: BP and Shell take hit as oil prices retreat

(Alliance News) - Stock prices in London were lower at midday Tuesday, with oil majors BP and Shell dragging the index lower as oil prices took a hit.

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30 May 2024 20:55

Trinidad court recognizes ConocoPhillips' $1.3 bln claim against Venezuela

May 30 (Reuters) - A Trinidad and Tobago court order has granted ConocoPhillips the right to enforce a $1.33 billion claim against Venezuela for past expropriations, a decision that could complicate proposed offshore gas ventures between Trinidad and Venezuela.

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29 May 2024 21:16

BP, Trinidad's NGC receive US license for gas development with Venezuela

May 29 (Reuters) - British oil major BP and Trinidad and Tobago's state energy firm NGC have received a two-year license from the U.S. Treasury Department to negotiate and develop the Cocuina-Manakin gas fields with Venezuela, Trinidad's energy minister said on Wednesday.

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27 May 2024 11:00

BP, EOG Resources in talks to jointly develop Trinidad gas field

May 27 (Reuters) - Oil major BP and U.S. shale producer EOG Resources are in discussions to jointly develop a natural gas field off the coast of Trinidad and Tobago, the British company said.

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25 May 2024 17:56

South Africa's Central Energy Fund acquires Durban refinery land, assets

CAPE TOWN, May 25 (Reuters) - South Africa's state-owned Central Energy Fund has acquired land and assets at the country's largest refinery which has been out of operation for the last two years, the energy ministry said on Saturday.

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23 May 2024 21:40

Republican-led states ask Supreme Court to quash Big Oil climate lawsuits

May 23 (Reuters) - Nineteen Republican attorneys general have filed a rare complaint directly with the U.S. Supreme Court asking it to block several Democratic-led states from pursuing climate change-related litigation against major oil and gas companies in state courts.

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22 May 2024 21:54

US lawmakers urge Justice Department to probe climate deception by Big Oil

May 22 (Reuters) - U.S. lawmakers behind a congressional probe of major oil companies on Wednesday called on the Justice Department to investigate whether the industry deceived the public about fossil fuels' impact on climate change.

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22 May 2024 02:00

British firms expecting hard time in China market, lobby group warns

BEIJING, May 22 (Reuters) - British firms expect doing business in China to become harder over the next five years, a British business lobby group said on Wednesday, as Beijing strives to halt a retreat in foreign funds from a market once seen as the engine of global growth.

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22 May 2024 00:01

US Cash Products-Chicago RBOB surges after refinery issues

NEW YORK, May 21 (Reuters) - Cash differentials for RBOB gasoline surged on Tuesday after a refinery that has faced operational issues in recent days bid higher for supplies, traders said.

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16 May 2024 17:53

European shares snap nine-day winning streak as Siemens weighs

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16 May 2024 17:33

FTSE 100 ends lower on disappointing corporate updates, BT Group soars

BT Group up after CEO aims for more than double free cash flow

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16 May 2024 16:54

LONDON MARKET CLOSE: Europe struggles but record highs in New York

(Alliance News) - Large-cap European equities closed lower on Thursday, underperforming New York counterparts, which continued to push higher following Wednesday's softer US inflation data.

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16 May 2024 16:53

London close: Stocks mixed as ex-divs drag on FTSE

(Sharecast News) - London stocks ended mixed on Thursday, following a flurry of corporate news and a focus on US unemployment figures.

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16 May 2024 12:53

Costain says confident of long-term prospects amid contract wins

(Alliance News) - Costain Group PLC on Thursday said trading in the year to date is in line with expectations, underpinned by a number of contract wins.

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16 May 2024 09:02

Indonesia expects oil and gas investments to rise 29% to $17 billion in 2024

BANGKOK, May 16 (Reuters) - Indonesia expects investments in its oil and gas sector to rise 29% in 2024, the chairman of regulator SKK Migas told Reuters, as it races to ramp up drilling and exploration following the recent exits of global giants Shell and Chevron.

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