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Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 510.40
Bid: 509.40
Ask: 509.50
Change: -5.40 (-1.05%)
Spread: 0.10 (0.02%)
Open: 516.30
High: 516.60
Low: 506.10
Prev. Close: 515.80
BP. Live PriceLast checked at -

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Sector movers: Oil stocks lead falls

Fri, 18th Sep 2015 16:28

(ShareCast News) - Oil stocks led to the downside on Friday after the US Federal Reserve's rate decision on the previous day fanned global growth fears.Traders reacted poorly to Fed chair Janet Yellen's admittedly difficult to deliver message regarding growth concerns for overseas markets, on the one hand,while holding out the prospect of a hike in rates as soon as next month.Despite that, as of Friday traders in the market for Fed funds futures were placing a probability of just 52% on the first tightening move in this cycle arriving in January 2016, versus December 2015 before last night's announcement.While it might seem like US rate-setters are splitting hairs, the past financial crisis showed just how quickly cracks in financial markets can be indicative of more serious underlying strains in the system. Speaking on Bloomberg TV, Bill Gross, the portfolio manager for Janus's Global Unconstrained Bond Fund, highlighted financial strains as the key worry for the US Fed.Gross also pointed out that central banks the world over have precious little 'ammunition' left to fight against renewed downturns.Against that backdrop, the selling pressure piled up again on the likes of Glencore and Weir. The oil majors also endured sharp falls in their stock, with BP moving lower by over 3%. Royal Dutch Shell was also pummelled, with the shares off by almost 4% in the case of the A shares.The situation was much the same on the second-tier index, with large drops in Premier Oil, Kaz Minerals and Tullow Oil.Losses in the oil markets however were rather tame in comparison to the price-action seen over the last few weeks.Making matters worse, just after noon what appears to have been an error with an automatic trading system sent several London-listed blue chips into free-fall.That dragged the benchmark 60 points lower before automatic circuit breakers kicked in for BP, Vodafone Group, HSBC, Rio Tinto Group, BT Group, BHP Billiton, National Grid, Diageo and British American Tobacco.The London Stock Exchange said it would investigate the matter.
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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.

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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.

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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.

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10 Apr 2024 08:41

Johnson Matthey and BP win deal for US sustainable aviation fuel plant

(Alliance News) - Johnson Matthey PLC and BP PLC on Wednesday said their technology offering has been selected for use in a sustainable aviation fuel plant being built in the US state of Louisiana.

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10 Apr 2024 07:47

LONDON BRIEFING: Stocks called up ahead of US inflation data

(Alliance News) - Stocks in London are called to open higher, as investors shake off nerves ahead of a key US inflation reading.

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9 Apr 2024 17:26

Slide in defence stocks knocks down Europe's STOXX 600

BP gains on higher quarterly upstream energy output forecast

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9 Apr 2024 17:13

FTSE 100 ends down as defence stocks offset commodity gains

Easter food spending lifts UK retail sales in March

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9 Apr 2024 16:53

LONDON MARKET CLOSE: Stocks struggle in nervy trade before US data

(Alliance News) - European equities closed lower on Tuesday, with sentiment downbeat ahead of Wednesday's US inflation reading, though impetus could be found in gold, which hit another record high.

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9 Apr 2024 15:12

London close: Stocks slip ahead of ECB, US inflation print

(Sharecast News) - London markets closed lower on Tuesday, as investors braced for a key US inflation reading as well as a policy announcement from the European Central Bank later in the week.

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9 Apr 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 treads water despite boost from miners

(Alliance News) - Equities in London lacked impetus heading into Tuesday, as investors moved with caution ahead of a US inflation print on Wednesday and the European Central Bank's interest rate decision a day later.

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9 Apr 2024 10:21

PRESS: Shell could make London exit if value gap to US does not close

(Alliance News) - Shell PLC fired a warning shot to that it could be prepared to move its listing to the US in a fresh blow to London's financial centre.

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9 Apr 2024 08:53

TOP NEWS: BP predicts upstream production will rise in first quarter

(Alliance News) - BP PLC on Tuesday said it expects first quarter upstream production to be higher than the previous three month period but cautioned lower prices would hurt performance elsewhere.

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9 Apr 2024 08:44

LONDON MARKET OPEN: Stocks shaky ahead of US CPI data, ECB decision

(Alliance News) - Stock prices in London opened mostly lower on Tuesday, as investors look ahead to a key inflation reading from the US, as well as the latest interest rate decision from the European Central Bank.

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9 Apr 2024 07:51

BP expects rise in first-quarter upstream energy output

April 9 (Reuters) - BP said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months.

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9 Apr 2024 07:39

LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors nervously look ahead to US inflation data and the European Central Bank's latest interest rate decision.

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