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Share Price Information for BP (BP.)

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Share Price: 502.30
Bid: 501.70
Ask: 501.80
Change: -2.70 (-0.53%)
Spread: 0.10 (0.02%)
Open: 507.60
High: 510.70
Low: 501.40
Prev. Close: 505.00
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Sector movers: Non-OPEC oil deal boosts producers

Mon, 12th Dec 2016 14:30

(ShareCast News) - Evraz led its sector to the top of the leaderboard with its stock hitting a new 52-week high as steel rebar prices notched up fresh gains. Overnight, Chinese steel rebar futures rose from $500.1 a tonne to $524.5 even as Chinese securities traded mostly lower on news that the state insurance regulator had banned Evergrande Life, a subsidiary of the nation's second biggest developer, from investing in the country´s stocks.The Shanghai Stock Exchange´s Composite Index lost 2.47% to 3,152.97, alongside a retreat in the yuan and in Chinese government bonds.Right behind on the leaderboard were oil stocks after eleven non-OPEC countries agreed on Saturday to cut their combined output by 558,000 barrels a day on top of the cuts the oil cartel had already announced on 30 November.Furthermore, Saudi eliminated a previous 'red line' saying it could lower its own output below the 10.0m b/d mark, analysts at Morgan Stanley pointed out.Saudi oil minister Khalid al-Falih said: "I can tell you with absolute certainty that effective Jan. 1 we're going to cut and cut substantially to be below the level that we have committed to on 30 November."At the cartel´s last meeting, Saudi had pledged to reduce production from 10.7m b/d to 10.06m b/d."In case of full compliance, market could be balanced asearlyas 1Q17, with stocks drawing thereafter," Morgan Stanley said.The broker reiterated its 'overweight' stance on shares of: Shell, BP, Tullow, Technip, Vallourec, Subsea 7.Heading the other way were Banks and Life insurers, on profit-taking.Fixed line telecoms were another weak spot in the market, with UBS slashing its target price on Talk Talk from 215p to 160p. Its analysts highlighted how the company had dropped guidance for revenue growth in fiscal year 2017, "following the initial impacts of price plans launched in October 2016".TalkTalk was also facing greater competition from the likes of Sky, which was pushing into the value end of the UK broadband market, the same broker added.."This may put pressure on TalkTalk's pricing and/or ability to retain subscribers," UBS said.Top performing sectors so far todayIndustrial Metals & Mining 2,702.49 +16.97%Oil Equipment, Services & Distribution 16,431.37 +2.85%Oil & Gas Producers 8,088.51 +2.15%Mining 15,516.72 +1.07%Technology Hardware & Equipment 1,031.41 +0.84%Bottom performing sectors so far todayForestry & Paper 16,889.49 -2.67%Banks 4,125.31 -2.13%Fixed Line Telecommunications 3,941.79 -1.77%Real Estate Investment Trusts 2,766.14 -1.77%Life Insurance 7,633.88 -1.70%
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Shell urges investors to reject shareholder group's climate demands

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LONDON MARKET CLOSE: Investors show nerves after Iran launches drones

(Alliance News) - Stock prices in London closed down on Monday, as tensions in the Middle East weighed on investors, with resources sliding as commodity prices fell.

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London close: Stocks slip on renewed geopolitical tensions

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LONDON MARKET MIDDAY: Oil falls despite rising Iran-Israel tensions

(Alliance News) - London's FTSE 100 was down at midday on Monday, as oil majors BP and Shell were hurt by falling prices, with investors showing caution following Iran's strikes on Israel over the weekend.

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15 Apr 2024 08:59

LONDON MARKET OPEN: FTSE 100 falls as oil lower despite Iran strikes

(Alliance News) - Stock prices in London opened lower on Monday, with a decline in oil prices sending Shell and BP lower, in a cautious start to the week following Iran's strikes on Israel over the weekend.

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Sector movers: Investors seek out safe havens across all asset classes

(Sharecast News) - Commodity plays were again sought out at the end of the week after The Wall Street Journal said that an Iranian attack against Israel was thought to be imminent.

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FTSE 100 sets near record close as commodity stocks shine

FTSE 100 up 0.9%, FTSE 250 off 0.3%

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LONDON MARKET CLOSE: Miners lift FTSE 100 but sea of red elsewhere

(Alliance News) - London's FTSE 100 defied a tricky day for wider markets, as its miners and oil producers shone, while the dollar was supported as odds of the US Federal Reserve enacting three interest rate cuts this year dwindle.

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Europe's main energy stocks index hits highest since 2008

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(Sharecast News) - London's markets closed with a mixed performance on Friday, as investors digested the latest GDP data suggesting an end to the recession in the UK.

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12 Apr 2024 11:51

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(Alliance News) - Stocks in London got a boost on Monday at midday, as investors were optimistic that the UK is heading out of its short lived recession.

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