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Share Price Information for BP (BP.)

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Share Price: 470.35
Bid: 470.35
Ask: 470.45
Change: -0.15 (-0.03%)
Spread: 0.10 (0.021%)
Open: 468.40
High: 472.45
Low: 468.15
Prev. Close: 470.50
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Tuesday newspaper round-up: Banks, IMF, BP

Tue, 17th May 2011 06:24

The City will miss out on £1bn of fees if the Government goes ahead with an unusual method of bank privatisation recommended yesterday by Lord Saatchi and other influential Conservatives. The Centre for Policy Studies think-tank, chaired by the Tory peer, has urged the coalition to shun a normal sale of its shares in Royal Bank of Scotland and Lloyds Banking Group and instead give them to every taxpayer in the country, says the Times.Europe's finance ministers and the International Monetary Fund shrugged off the scandal engulfing IMF head Dominique Strauss-Kahn to clear the way for Portugal to receive a three-year, €78bn (£68bn) rescue package at a key meeting in Brussels on Monday. As the IMF managing director was remanded in custody in New York on charges of attempted rape and declared a flight risk, his colleagues were striking a deal for the eurozone's third rescue package, the Telegraph reports.BP was last night facing the prospect of having to renegotiate its $16bn (£10bn) share swap with Rosneft - a key plank in the oil giant's plans to explore for resources in an area roughly the size of the North Sea in Russia's Arctic continental shelf. The possibility emerged as BP, Rosneft and the billionaire shareholders in BP's existing Russian venture, TNK-BP, attempted to strike a compromise before the swap agreement lapsed at midnight, according to the Independent.Former Prime Minister Gordon Brown has warned the global financial collapse of 2008 may just be the 'trailer' to a series of devastating international crises. He warned that the financial system remains 'perilously unregulated' three years after the collapse sent Britain plunging into recession, the Daily Mail reports.Asda is planning to open its first overseas George shops as it seeks to turn the clothing label into a global brand. It has set up a team to look into possible franchise deals and hopes to unveil a Middle East partner within a few months before opening the first stores in 2012, the Daily Express.Britain's most profitable train franchise could be taken back into state hands following a government decision to delay the auction of the West Coast service amid an overhaul of the rail system. Virgin Trains is due to hand back the contract to run the lucrative London to Glasgow route in May 2012, reports the Financial Times.---RG
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22 Jan 2024 10:44

SDI promotes Chief Operating Officer Stephen Brown to chief executive

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18 Jan 2024 21:47

Three New England states extend offshore wind solicitation due date

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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

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Shell in Nigeria

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12 Jan 2024 15:39

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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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