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Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 506.70
Bid: 506.70
Ask: 506.90
Change: 6.20 (1.24%)
Spread: 0.20 (0.039%)
Open: 502.10
High: 508.00
Low: 502.10
Prev. Close: 500.50
BP. Live PriceLast checked at -

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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%
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6 Feb 2024 07:47

LONDON BRIEFING: BP promises buyback despite drop in profit

(Alliance News) - Stocks in London are called to open higher, ahead of a slew of construction purchasing managers' index readings from the eurozone, the UK and Germany.

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6 Feb 2024 07:02

BP unveils $1.75bn buyback as 2023 profits halve on weaker oil price

(Sharecast News) - Shares in BP surged on Tuesday as the energy giant announced a $1.75bn share buyback despite a slump in annual profits as oil prices fell during 2023 from the spike caused by Russia's invasion of Ukraine.

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2 Feb 2024 17:12

LONDON MARKET CLOSE: Stocks mixed as US jobs data dashes rate cut hope

(Alliance News) - Stock prices in London closed mixed, after hotter-than-expected US jobs data hit already precarious investor sentiment and all but ensured the Federal Reserve will not be cutting interest rates next month.

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2 Feb 2024 13:14

BP appoints Kate Thomson as its permanent finance chief

(Sharecast News) - BP announced the appointment of Kate Thomson as its new, permanent chief financial officer on Friday, effective immediately.

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2 Feb 2024 12:27

TOP NEWS: BP promotes Kate Thomson as permanent finance chief

(Alliance News) - BP PLC on Friday named Kate Thomson as its permanent chief financial officer, after being in the interim role since September.

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2 Feb 2024 12:09

LONDON MARKET MIDDAY: Airlines up but oil falls on Middle East talks

(Alliance News) - Stock prices in London were higher at midday Friday, ahead of the afternoon's US jobs data, as earnings from tech behemoths overnight lifted investor morale.

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2 Feb 2024 08:54

LONDON MARKET OPEN: European stocks lifted on Wall Street's gains

(Alliance News) - Stock prices in London opened higher on Friday, closing of a busy week of monetary policy decisions.

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1 Feb 2024 17:03

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

(Alliance News) - Stock prices in London closed down on Thursday after the Bank of England left interest rates on hold in a split decision that was hawkish on expectations of rate cuts.

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1 Feb 2024 12:22

LONDON MARKET MIDDAY: BoE keeps bank rate on hold in split decision

(Alliance News) - London's FTSE 100 was on the up on Thursday afternoon after the Bank of England left interest rates on hold on Thursday, in a split decision.

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1 Feb 2024 10:06

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

(Alliance News) - The UK's oil and gas regulator has awarded 24 new exploration licences to 17 separate companies in a move that has been welcomed by a trade body but condemned by climate campaigners.

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1 Feb 2024 08:50

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

(Alliance News) - Stock prices in London opened mixed, ahead of the Bank of England's first interest rate decision of the year.

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30 Jan 2024 15:28

UK earnings, trading statements calendar - next 7 days

Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
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
Shell PLCFull Year Results
TClarke PLCTrading Statement
Friday 2 February 
YouGov PLCTrading Statement
Monday 5 February 
Home REIT PLCTrading Statement
Porvair PLCFull Year Results
Trident Royalties PLCTrading Statement
Vodafone Group PLCTrading Statement
Tuesday 6 February 
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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29 Jan 2024 17:02

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

(Alliance News) - Stock prices in London closed mutedly lower on Monday, ahead of a busy week of interest rate decisions and economic data.

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29 Jan 2024 12:02

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

(Alliance News) - Stock prices in London were mixed going into Monday afternoon, ahead of a busy week of interest rate decisions and economic data.

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