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Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 520.40
Bid: 521.20
Ask: 521.40
Change: -2.90 (-0.55%)
Spread: 0.20 (0.038%)
Open: 526.00
High: 529.30
Low: 520.40
Prev. Close: 523.30
BP. Live PriceLast checked at -

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Obama To Host UK PM On First White House Visit

Mon, 19th Jul 2010 02:47

LONDON (AFP)--U.K. Prime Minister David Cameron meets U.S. President Barack Obama at the White House Tuesday for the first time since taking power, with stricken oil giant BP PLC (BP) and Afghanistan set to top the agenda. Cameron and Obama have already built a close rapport--they swapped bottles of beer at last month's Group of 20 summit in Toronto after a World Cup football bet, weeks after Cameron took office as head of a coalition government in May. But the "special relationship" could be tested over BP's role in the Gulf of Mexico oil spill, plus a linked controversy over the release from a Scottish jail of a Libyan who killed 270 mainly U.S. citizens in a 1988 plane bombing. In an interview ahead of the two-day trip, Cameron said he and Obama would talk about U.K.-based BP, which has been sharply criticized in the U.S. for its handling of the country's worst-ever environmental disaster. "President Obama and I have a very good relationship, we get on well," Cameron told Time magazine. "Of course we will discuss BP. It is an important company not just for Britain, it's an important company for America as well. It employs tens of thousands of people in the U.S., as it does in the U.K." Cameron has warned against the "destruction" of BP, saying it should "remain a strong and stable company" for the sake of employees and people with pension funds invested in the company in both countries. BP faced fresh pressure last week when the U.S. Senate's Foreign Relations Committee said it would hold a hearing into the release of Abdelbaset Ali Mohmet al-Megrahi, who was convicted in 2001 of blowing up a Pan Am flight over the Scottish town of Lockerbie. They have also charged that BP might have pressed authorities in the U.K. to free Megrahi--given three months to live due to prostate cancer at the time of his release on compassionate grounds--to protect a lucrative oil deal with Libya. Megrahi is now living in Libya and a doctor who examined him was recently quoted as saying he could live for another 10 years. U.K. Foreign Secretary William Hague told U.S. Secretary of State Hillary Clinton on Saturday that there was no evidence linking BP to the Scottish government's decision to free Megrahi. Hague also stressed that Cameron's government believes Megrahi's release was a "mistake." The State Department last week described the move as an "affront." The meeting between Cameron and Obama comes following the deadliest-yet month for North Atlantic Treaty Organization-led international forces in Afghanistan, to which the U.S. and U.K. are the two largest contributors, in June. Their talks will come as a major international conference takes place in Kabul on the development strategy for rebuilding Afghanistan, attended by figures including Clinton. Both leaders inherited the Afghan war from predecessors and are eyeing troop withdrawals through a strategy of securing key towns and cities while training up local security services. Obama wants to start pulling U.S. personnel out from July next year, while Cameron says U.K. combat forces should be coming home within five years. Despite close ties, particularly over the war, experts have warned that talk of a "special relationship" between the U.S. and U.K. is becoming outdated as the U.S. focuses on higher strategic priorities, particularly in Asia. This didn't stop the two leaders speaking warmly of ties between their two countries in Toronto, which they said they hoped would get stronger in years ahead. Cameron will be hoping for a warmer reception from Obama at the White House than his predecessor Gordon Brown got when they first met there last year. Obama was accused of snubbing Brown by presenting him with a set of DVDs that wouldn't even work in a U.K. player. (END) Dow Jones Newswires July 18, 2010 21:47 ET (01:47 GMT)
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BP appoints Kate Thomson as its permanent finance chief

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TOP NEWS: BP promotes Kate Thomson as permanent finance chief

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LONDON MARKET CLOSE: Stocks down on hawkish BoE interest rates hold

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New UK oil and gas exploration licences approved in the North Sea

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LONDON MARKET OPEN: Shells begins USD3.5 billion buyback; eyes on BoE

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UK earnings, trading statements calendar - next 7 days

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abrdn Private Equity Opportunities Trust PLCFull Year Results
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GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Thursday 1 February 
Airtel Africa PLCTrading Statement
AG Barr PLCTrading Statement
BT Group PLCTrading Statement
Cranswick PLCTrading Statement
Gem Diamonds LtdTrading Statement
Glencore PLCTrading Statement
JTC PLCTrading Statement
Rank Group PLCHalf Year Results
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TClarke PLCTrading Statement
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YouGov PLCTrading Statement
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Home REIT PLCTrading Statement
Porvair PLCFull Year Results
Trident Royalties PLCTrading Statement
Vodafone Group PLCTrading Statement
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Alumasc Group PLCHalf Year Results
BP PLCFull Year Results
Filtronic PLCHalf Year Results
Mattioli Woods PLCHalf Year Results
Renishaw PLCHalf Year Results
Virgin Money UK PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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29 Jan 2024 17:25

London close: Stocks turn weaker ahead of busy week for earnings

(Sharecast News) - London's stock market saw slight declines by the close on Monday, as investors turned their attention to a week filled with corporate earnings reports and central bank announcements.

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LONDON MARKET CLOSE: Stocks slightly down pre US Fed, Bank of England

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LONDON MARKET MIDDAY: FTSE 100 nudges higher ahead of rate decisions

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