Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video 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: 506.80
Bid: 506.70
Ask: 506.80
Change: 6.30 (1.26%)
Spread: 0.10 (0.02%)
Open: 502.10
High: 508.00
Low: 502.10
Prev. Close: 500.50
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sector movers: Oil and gas stocks rise, as big tobacco, REITs trade lower

Tue, 02nd Jun 2015 13:32

The benchmark FTSE 100 continued to lurk below the 7,000 level on Tuesday, as big tobacco and Real Estate Investment Trusts traded lower in London.At 1610 BST, the blue chip index was broadly flat at 6953.36 down a mere 0.22 points, as a class-action lawsuit in Canada ruled that British American Tobacco (down 2.21%) and two other cigarette makers should pay a combined C$15.6bn (£8.2bn) to smokers in "moral and punitive damages", the largest legal award in Canadian history.With BATS' wholly owned Canadian subsidiary, and Imperial Tobacco (down 2.15%), liable for C$10.4bn (£5.47bn) of the total, including a provisional C$1.13bn, both companies are expected to appeal.Meanwhile, REITs reversed yesterday's gains with the headline segment index trading at 3,387.60, down 56.79 points or 1.65% as virtually all blue chips and major stocks took a hit. British Land's planned launch of a £350m senior, unsecured convertible bonds offering due 2020, could not stem a sell-off with its shares down 1.95%.The company plans to use the net proceeds to fund future acquisitions.Rivals Workspace (down 1.32%), Shaftesbury (down 1.78%), Great Portland Estate (down 1.78%) and Land Securities (down 1.74%) traded sharply lower.On the positive side, oil and gas, alongside related engineering stocks traded higher on a string of positive news, as Brent stabilised and the WTI rose back above the $60 per barrel level, with OPEC set to deliberate its oil production quota.Oil giant BP (up 1.02%) was mulling new projects in Russia, according to comments made by chief executive Bob Dudley as cited by Russian state news agency RIA Novosti. Shares in Cairn Energy jumped 5% in intraday trading after Jefferies upgraded the stock to 'buy' from 'hold' and raised the target price to 222p from 175p.Additionally, shares in Premier Oil spike 7.56% after the company said it will consolidate production at the Solan field, West of Shetland, after taking full ownership of the project by acquiring the 40% stake it did not already own.In trends of natural resources stocks trading higher, miner shrugged off uncertainty in China staying firmly in the green for most of the trading day. Anglo American (up 5.33%), Antofagasta (up 3.70%), Rio Tinto (up 3.12%), Glencore (up 2.52%) and BHP Billiton (2.43%) led the sector charge.Top five sector risers:Mining 14,180.93 +386.77 +2.80%Oil & Gas Producers 7,169.79 +88.93 +1.26% Industrial Engineering 9,541.31 +85.10 +0.90% General Industrials 4,444.11 +30.89 +0.70% Automobiles & Parts 8,639.15 +58.45 +0.68%
More News
15 Apr 2024 17:10

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.

Read more
15 Apr 2024 15:39

London close: Stocks slip on renewed geopolitical tensions

(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.

Read more
15 Apr 2024 11:56

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.

Read more
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.

Read more
13 Apr 2024 16:52

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.

Read more
12 Apr 2024 17:28

FTSE 100 sets near record close as commodity stocks shine

FTSE 100 up 0.9%, FTSE 250 off 0.3%

*

Read more
12 Apr 2024 16:56

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.

Read more
12 Apr 2024 15:45

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

Read more
12 Apr 2024 14:45

London close: Stocks mixed as data shows UK GDP growth

(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.

Read more
12 Apr 2024 11:51

LONDON MARKET MIDDAY: February data spurs end of UK recession hopes

(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.

Read more
12 Apr 2024 11:47

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

Read more
12 Apr 2024 11:37

TOP NEWS: BP shares rise after reports Adnoc had pondered takeover

(Alliance News) - Shares in BP jumped on Friday after reports that the state-owned, United Arab Emirates oil company was considering, but had ruled out, a bid for the London-based oil major.

Read more
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.

Read more
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.

Read more
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.

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.