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Share Price Information for BP (BP.)

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Share Price: 503.70
Bid: 503.80
Ask: 503.90
Change: -6.70 (-1.31%)
Spread: 0.10 (0.02%)
Open: 506.40
High: 515.30
Low: 499.60
Prev. Close: 510.40
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Thursday newspaper round-up: BP, Mitchells & Butlers, Eurozone

Thu, 15th Sep 2011 06:26

The long-awaited federal government report into the Deepwater Horizon disaster has blamed cost-cutting by BP for the explosion that sank the rig, killed 11 workers and left oil billowing into the Gulf of Mexico for almost three months. The 16-month investigation pinned blame, too, on BP's partners and contractors on the rig, but said that BP, as designated operator, bore ultimate responsibility and had repeatedly let cost considerations creep into its decisions about how to operate the well, the Independent reports. The billionare stalking Mitchells & Butlers will launch a formal 230p-a-share offer for the pub and restaurant company in days, The Times has learnt. Joe Lewis's bid, valuing the Harvester and All Bar One operator at £942 million, or £2.85 billion including debt, will offer investors the option of receiving shares in an unlisted M&B controlled by his Piedmont vehicle, the paper says.European leaders have assured Greece its future remains within the eurozone but warned it must implement the tough austerity measures set out as part of its rescue plan. Speaking after a conference call with Greek leader George Papandreou, German chancellor Angela Merkel and French president Nicolas Sarkozy moved on Wednesday night to calm fears Greece could be forced out of the eurozone, the Telegraph writes. German Chancellor Angela Merkel's coalition government edged closer to disintegration yesterday as rebellious MPs flatly ignored her warnings about making rash statements and speculated openly about Greece leaving the eurozone. The latest snub to Ms Merkel's softly-softly approach to Athens' spiralling debt came from a senior conservative cabinet minister who joined the growing revolt against her stance on the euro already voiced by her liberal Free Democrat coalition partners, according to the Independent. Ryanair is to force customers take out the airline's own pre-paid payment card if they want to avoid card charges that add as much as £48 to the cost of return flight for a family of four.The low-cost airline yesterday launched the Ryanair Cash Passport and confirmed that it will soon become the only payment method by which passengers can avoid the card charges, the Daily Mail reports.Facebook founder Mark Zuckerberg is said to have delayed plans for a multi-billion flotation until late next year to keep staff focused on improving the world's biggest social networking site. A flotation has been anticipated since Goldman Sachs found new investors for Facebook in January in a move widely seen as a prelude to a listing in New York, according to the Telegraph.An influential member of the Vickers commission on banking reform has urged the government to offset the potential £7bn-a-year hit to the industry from implementing the report's recommendations, by axing the annual £2.5bn balance sheet levy. Bill Winters, part of the five-member commission and former co-head of investment banking at JPMorgan, said any concerns that the Vickers recommendations would make British banks uncompetitive against foreign-owned rivals could be softened by tax cuts, the Financial Times reports.
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Today 17:30

UK's FTSE 100 notches record closing high in broad rally

FTSE 100 up 1.2%, FTSE 250 adds 1.2%

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Today 16:32

London close: Stocks jump on return from long weekend

(Sharecast News) - London markets closed on a high note on Tuesday, as the top-flight index surged to record highs, buoyed by positive momentum from the US and European markets.

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Today 16:08

BP profit slides by 40% as refinery outage offsets higher output

First-quarter underlying profit $2.7 bln vs forecast $2.87 bln

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Today 12:00

LONDON MARKET MIDDAY: Stocks buoyed by local data, strong US equities

(Alliance News) - Stock prices in London were up at midday on Tuesday, boosted by positive local economic data and tracking European equities that were buoyed by strong US stocks performance on Monday.

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Today 09:09

LONDON MARKET OPEN: Stocks track global equities rise while BP falls

(Alliance News) - Stock prices in London opened up on Tuesday, tracking European markets in reaction to New York stocks extending their rally on weaker US jobs data, while markets reopened in London after a bank holiday on Monday.

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Today 08:51

TOP NEWS: BP keeps up pace of share buybacks despite profit decline

(Alliance News) - BP PLC on Tuesday launched a fresh share buyback, despite a drop in first-quarter profit due to lower oil and gas prices and weaker fuels margins.

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Today 07:02

BP in $1.75bn buyback as Q1 profits fall on weaker prices, margins

(Sharecast News) - BP reported a worse-than-expected fall in first-quarter profit on the back of lower oil and gas prices, an outage at a US refinery and "significantly weaker" fuels margins as it also started a $1.75bn share buyback.

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6 May 2024 15:01

Shell to exit South Africa's downstream businesses

CAPE TOWN, May 6 (Reuters) - Oil major Shell will divest its majority shareholding from a local South African downstream unit after a comprehensive review of its businesses across all regions, it said on Monday.

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3 May 2024 13:47

British regulator awards more North Sea oil and gas licences

NSTA awards 31 new licences aimed at boosting output

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2 May 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 shines but "mixed feelings" after Fed

(Alliance News) - London's FTSE 100 was solidly higher on Thursday, outperforming European peers, as earnings from the likes of Shell and Standard Chartered impressed.

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1 May 2024 18:30

Sector movers: Oil, Autos drag on FTSE 350

(Sharecast News) - Weakness in the oil patch and among select cyclicals dragged on the FTSE 350 in the middle of the week.

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30 Apr 2024 14:38

UK earnings, trading statements calendar - next 7 days

Wednesday 1 May 
Anexo Group PLCFull Year Results
Cambridge Cognition Holdings PLCFull Year Results
Computacenter PLCTrading Statement
Georgia Capital PLCQ1 Results
GSK PLCQ1 Results
Haleon PLCTrading Statement
HSS Hire Group PLCFull Year Results
Intelligent Ultrasound Group PLCFull Year Results
Maintel Holdings PLCFull Year Results
Next PLCTrading Statement
Smith & Nephew PLCTrading Statement
Thursday 2 May 
Endeavour Mining PLCQ1 Results
First Tin PLCTrading Statement
Hiscox LtdTrading Statement
International Personal Finance PLCTrading Statement
Kerry Group PLCTrading Statement
Lancashire Holdings LtdTrading Statement
Melrose Industries PLCTrading Statement
NAHL Group PLCFull Year Results
Reach PLCTrading Statement
Shell PLCQ1 Results
Smiths News PLCHalf Year Results
Smurfit Kappa Group PLCTrading Statement
Spectris PLCTrading Statement
Standard Chartered PLCQ1 Results
TI Fluid Systems PLCQ1 Results
Friday 3 May 
InterContinental Hotels Group PLCTrading Statement
Mondi PLCTrading Statement
Trainline PLCFull Year Results
Monday 6 May 
no events scheduled 
Tuesday 7 May 
Arecor Therapeutics PLCFull Year Results
BP PLCQ1 Results
Ebiquity PLCFull Year Results
IWG PLCTrading Statement
Kosmos Energy LtdQ1 Results
MaxCyte IncQ1 Results
Trident Royalties PLCTrading Statement
Vaalco Energy IncQ1 Results
  
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 Apr 2024 14:21

Norway's wealth fund falls short on climate ambitions, NGO says

OSLO, April 29 (Reuters) - Norway's $1.6 trillion sovereign wealth fund, the world's largest, is falling short on its climate ambitions by failing to back multiple shareholder proposals pushing oil companies to cut their greenhouse gas emissions, a non-governmental organization said in a report said on Monday.

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24 Apr 2024 19:30

Trans Mountain oil shippers raise concerns about risk of delay to full service

April 23 (Reuters) - Some shippers on Canada's Trans Mountain expansion project are raising concerns that the long-delayed oil pipeline will not be fully in service by its projected start date of May 1, according to a letter to the Canada Energy Regulator on Tuesday.

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24 Apr 2024 13:24

Pressure on gas and LNG prices to help switch from coal, says J.P. Morgan

LONDON, April 24 (Reuters) - Global natural gas prices will come under pressure through the end of the decade as supply and shipping infrastructure grow rapidly, particularly in Qatar and the U.S., J.P. Morgan said in a report.

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