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Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 512.80
Bid: 512.70
Ask: 512.90
Change: 3.40 (0.67%)
Spread: 0.20 (0.039%)
Open: 508.50
High: 514.10
Low: 503.60
Prev. Close: 509.40
BP. Live PriceLast checked at -

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Sector movers: Sinking tide drags down all ships

Thu, 06th Dec 2018 14:33

(Sharecast News) - Every single sector was in the red on Thursday as the FTSE 100 and 250 indices finished around two-year lows amid a general market sell-off sparked by renewed worries about US-China trade relations.Oil producers and services providers to the industry were among the biggest fallers, sending investors into safer havens as oil prices jagged lower after a summit of the Opec oil producer's cartel ended the day without any firm decision.Brent crude and West Texas Intermediate were down more than 4% during the afternoon, easing off slightly to $59.50 and $51.12 a barrel respectively after Saudi Arabia's energy minister dashed hopes of any steep production cuts at the OPEC meeting in Vienna.Khalid Al-Falih told reporters that no agreement had been reached yet on a production cut and suggested that reducing output by one million barrels a day would be sufficient."OPEC seems to be joining in the 'no deal' fun, with only an agreement 'in principle' to cut output," said market analyst Chris Beachamp at IG. "While oil is off the lows of the day, it is not likely to hold these lows for long if oil ministers don't agree a sizeable cut. We wait until tomorrow for further news."Life insurers were hit as bond yields fell, which curtails the companies income streams. Life companies use returns from bond yields to pay the liabilities that come due. Aviva and Legal & General were both down more than 4%, Asia focused Prudential was down more than 6%.The FTSE 350 Gas Water & Multiutilities index was pretty much flat, followed by tobacco - both seen as defensive sectors where investors flock during risk-off moments."All these are considered to be defensive stocks, offering goods and services people would buy regardless of economic conditions," said Russ Mould, investment director at AJ Bell. Top performing sectors so far todayGas; Water & Multiutilities -0.6%Tobacco -1.48Real Estate Investment & Services -1.50Mobile Telecommunications -1.67Real Estate Investment Trusts -1.70Bottom performing sectors so far todayTechnology Hardware & Equipment -7.64%Forestry & Paper -5.61%Life Insurance -5.57%Oil & Gas Producers -4.53%Oil Equipment, Services & Distribution -4.40%
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18 Jan 2024 20:32

EXECUTIVE CHANGES: Eco Buildings chair leaves and vice chair ousted

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News:

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17 Jan 2024 15:03

London close: Stocks slip after surprise jump in UK inflation

(Sharecast News) - London's financial markets experienced a downturn on Wednesday, as a surprising increase in UK inflation and sluggish Chinese GDP growth impacted investor sentiment.

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17 Jan 2024 12:10

BP's Auchincloss named CEO, reaffirms energy transition plan

Auchincloss was interim CEO

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17 Jan 2024 08:48

LONDON MARKET OPEN: UK inflation surprises markets sending stocks down

(Alliance News) - Stock prices in London took a hit on Wednesday morning, after some hotter-than-expected UK inflation data added to interest rate worries.

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17 Jan 2024 08:33

TOP NEWS: BP buys Getec Energie; promotes Auchincloss to permanent CEO

(Alliance News) - BP PLC on Wednesday said that it will buy Getec Energie GmbH as it promoted Murray Auchincloss to the role of permanent chief executive officer.

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17 Jan 2024 07:46

LONDON BRIEFING: UK inflation surprises as unexpectedly rises to 4.0%

(Alliance News) - Stocks in London are called to open lower on Wednesday, following some hotter-than-expected consumer price data from the UK.

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17 Jan 2024 07:11

BP names acting CEO Murray Auchincloss as permanent leader

(Sharecast News) - BP has named its former chief financial officer Murray Auchincloss as its permanent chief executive, after having served in an interim capacity for the past four months.

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16 Jan 2024 21:28

PRESS: BP close to naming acting CEO Auchincloss as permanent chief

(Alliance News) - Directors of BP PLC were meeting on Tuesday evening to finalise the appointment of Murray Auchincloss, the company's acting chief executive, as its permanent boss, according to a report.

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16 Jan 2024 16:38

Shell halts Red Sea shipments over attack fears from Yemeni rebels

(Alliance News) -London-based oil major Shell PLC has paused transit through the key Red Sea shipping route indefinitely, over fears of escalating tensions involving Yemen's Houthi rebels, according to a media report on Tuesday.

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16 Jan 2024 13:13

Shell in Nigeria

LONDON, Jan 16 (Reuters) - Shell pioneered Nigeria's oil and gas industry and remains a major investor in the West African country even after exiting its onshore operations. But over the decades the British company has come under fire over spills in the Delta region and struggles with oil theft, corruption and oil-fuelled violence.

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12 Jan 2024 15:39

London close: Stocks rise on positive UK economic data

(Sharecast News) - London's financial markets closed on a positive note today, buoyed by fresh data indicating that the UK economy had returned to growth in November.

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8 Jan 2024 19:48

Shell signs 20-year purchase deal with Canadian Ksi Lisims LNG project

Jan 8 (Reuters) - Global gas giant Shell has agreed to buy two million metric tons of liquefied natural gas (LNG) per year from Ksi Lisims LNG, partners in the proposed Canadian project said on Monday.

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8 Jan 2024 16:59

LONDON MARKET CLOSE: Stocks mixed as eyes on US inflation data

(Alliance News) - Stock prices in London closed mixed Monday, with oil majors holding down higher gains in the FTSE 100 index.

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8 Jan 2024 16:38

London close: Stocks manage positive finish after mixed session

(Sharecast News) - London's financial markets experienced a mixed trading day on Monday, with the FTSE 100 and FTSE 250 indices closing in positive territory after spending much of the session in the red.

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8 Jan 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 underperforms in muted start to week

(Alliance News) - Stock prices in London traded lower at the start of the week, with oil firms weighing on then FTSE 100, as investors look ahead to the week's key inflation prints.

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