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Share Price Information for BP (BP.)

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Share Price: 487.85
Bid: 487.80
Ask: 487.90
Change: -3.40 (-0.69%)
Spread: 0.10 (0.021%)
Open: 488.80
High: 489.40
Low: 486.00
Prev. Close: 491.25
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Tuesday preview: Alphabet, BP and US-China trade in focus

Mon, 29th Apr 2019 15:47

(Sharecast News) - The focus at the end of the month will be on the start of the next round of US-China trade talks in Beijing, with investors looking for any hints that a deal remains on track, or otherwise.Against that backdrop, overnight markets in Asia will be the first to respond to the latest monthly reading on the 'official' China manufacturing sector Purchasing Managers' Index.Sentiment readings on UK businesses and consumers meanwhile are due out at midnight on Monday, in the form of survey compiler GfK's consumer confidence index and Lloyds business barometre, both covering the month of April.Stateside, all eyes will be on Google parent Alphabet as it reports its latest set of quarterly results after the close of Wall Street.In terms of data, the focus in the US will be on the MNI Chicago factory PMI, alongside readings on pending home sales in March and the S&P Case Shiller home price index for February.Across the Channel meanwhile, the spotlight will be on the latest readings for euro area joblessness and GDP, together with a reading on German unemployment for April and on German consumer confidence for May.Regarding the GDP report, according to analysts at Barclays Research, recent data releases were pointing to a possible upside surprise for the Spanish economy at the start of the year.The consensus forecast was for a quarter-on-quarter pace of growth of 0.6%, but those releases were pointing to an expansion closer to 0.75%.Among the corporate heavyweights set to update markets on Tuesday are BP, Glencore and StanChart.For the former, analysts at RBC Capital were at $2.2bn for the outfit's first quarter net income, versus the company-compiled consensus of $2.3bn, for a 36% drop quarter-on-quarter after an especially strong showing in the last quarter of 2018.Among the various moving parts were lower volumes and commodity prices impacting on the upstream segment and weaker refining in downstream, together with stronger realisations of Canadian heavy crude after weak ones boosted segment results over the previous three-month stretch.Higher maintenance and weaker refining also meant underlying cash flow from operations was set to weaken sequentially, the Canadian broker said.Maintenance in the Gulf of Mexico would push pre-IFRS 16 cash flow from operations to $6.2bn, RBC said, before accounting for $300m for payments linked to the disastrous Macondo oil spill.Before IFRS 16, gearing should be about flat in comparison to the last quarter of 2018, coning in at between 33-34% on a post IFRS 16 basis "which may remind investors of BP's leverage relative to peers and the need to complete asset sales."Importantly, at current commodity prices we would expect BP to de-gear quickly in 2H19."Tuesday April 30INTERIMSC4X Discovery Holdings , Image Scan HoldingsINTERIM DIVIDEND PAYMENT DATEAbbey, Ferguson, Manchester & London Investment Trust, RIT Capital Partners, TristelQUARTERLY PAYMENT DATEBMO Private Equity Trust, Ediston Property Investment Company, Middlefield Canadian Income PCC, TwentyFour Select Monthly Income Fund LimitedINTERNATIONAL ECONOMIC ANNOUNCEMENTSChicago PMI (US) (14:45)Consumer Confidence (US) (15:00)GDP (Preliminary) (EU) (10:00)Import Price Index (GER) (07:00)Pending Homes Sales (US) (15:00)Unemployment Rate (GER) (08:55)FINALSAnimalcare Group, Dillistone Group, Inspiration Healthcare Group , Novacyt S.A. (CDI), Xeros Technology GroupSPECIAL DIVIDEND PAYMENT DATEBilling Services Group Ltd., Royal Bank of Scotland GroupAGMSAFC Energy, Anglo American, Aquis Exchange , BBGI SICAV S.A. (DI), Countrywide, e-Therapeutics, Elementis, Grupo Clarin SA GDR (Reg S), Hammerson, Independent News & Media, JPMorgan US Smaller Co. Inv Tst, LSL Property Services, Maven Income and Growth VCT 5, Proteome Sciences, Scotgems, Symphony International Holdings Ltd., Weir GroupTRADING ANNOUNCEMENTSEssentra, Greene King, PPHE Hotel Group LtdUK ECONOMIC ANNOUNCEMENTSNationwide House Price Index (07:00)FINAL DIVIDEND PAYMENT DATECRH, HGCapital Trust, Royal Bank of Scotland Group, Sureserve Group, Wynnstay GroupQ1BP, Samsung Electronics Co Ltd (ATT) GDR (Reg S)
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18 Apr 2024 14:12

UK shareholder meetings calendar - next 7 days

Friday 19 April 
Murray International Trust PLCAGM
Quantum Exponential Group PLCGM re delisting or potential investment in company
Monday 22 April 
Renalytix PLCGM
Travis Perkins PLCAGM
Tuesday 23 April 
AIQ LtdAGM
NatWest Group PLCAGM
Taylor Wimpey PLCAGM
Wednesday 24 April 
abrdn PLCAGM
abrdn Equity Income Trust PLCAGM
AssetCo PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
Bunzl PLCAGM
Coro Energy PLCAGM
Croda International PLCAGM
Entain PLCAGM
Greencoat UK Wind PLCAGM
Primary Health Properties PLCAGM
Serco Group PLCAGM
Synectics PLCAGM
Thursday 25 April 
AFC Energy PLCAGM
Admiral Group PLCAGM
Beazley PLCAGM
BP PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Develop North PLCAGM
Drax Group PLCAGM
Everest Global PLCAGM
Greencoat Renewables PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
Hikma Pharmaceuticals PLCAGM
International Biotechnology Trust PLCAGM
London Stock Exchange Group PLCAGM
Manx Financial Group PLCAGM
Mattioli Woods PLCGM re Pollen Street Capital Ltd takeover
Persimmon PLCAGM
Premier Miton Global Renewables Trust PLCAGM
Relx PLCAGM
Schroders PLCAGM
Smithson Investment Trust PLCAGM
Tissue Regenix Group PLCAGM
Weir Group PLCAGM
  
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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18 Apr 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 up despite hawkish Fed rates outlook

(Alliance News) - Stock prices in London were higher on Thursday afternoon, despite the prospect of higher for longer US interest rates hanging over stocks.

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18 Apr 2024 09:04

IN BRIEF: BP trims executive team in operational restructuring

BP PLC - London-based oil and gas major - Announces organisational restructuring. Intends to keep its three businesses - production & operations, gas & low carbon energy and customers & products - enabled by trading & shipping. Plans to integrate the current regions, corporates & solutions organisation into the businesses and functions. BP will now be supported by five functions: finance; technology; strategy, sustainability & ventures; people & culture; and legal. BP explains these changes will "reduce duplication and reporting line complexity".

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18 Apr 2024 08:11

BP cuts size of executive team, shakes up structure

(Sharecast News) - BP has trimmed its executive team as part of a shake-up of its organisational structure, it was confirmed on Thursday.

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17 Apr 2024 18:58

Shell urges investors to reject shareholder group's climate demands

LONDON, April 17 (Reuters) - Shell on Wednesday urged shareholders to vote against an independent resolution, co-filed by a group of 27 investors, that called on the energy company to set tighter climate targets.

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17 Apr 2024 17:36

Sustainable Finance Newsletter - Republican AGs look to limit climate groups

April 17 (Reuters) - In prior newsletters I have reported on the ongoing review by U.S. energy regulators of top asset managers' big utility holdings.

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17 Apr 2024 13:55

Shell urges investors to reject shareholder group's climate demands

LONDON, April 17 (Reuters) - Shell on Wednesday urged shareholders to vote against an independent resolution, co-filed by a group of 27 investors, urging the energy company to set tighter climate targets.

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17 Apr 2024 10:38

Carbon Done Right advances Sierra Leone rewilding project

(Alliance News) - Carbon Done Right Developments Inc on Wednesday said it has received the fourth disbursement of financing for its reforestation project in West Africa.

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15 Apr 2024 17:10

LONDON MARKET CLOSE: Investors show nerves after Iran launches drones

(Alliance News) - Stock prices in London closed down on Monday, as tensions in the Middle East weighed on investors, with resources sliding as commodity prices fell.

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15 Apr 2024 15:39

London close: Stocks slip on renewed geopolitical tensions

(Sharecast News) - London's equity markets markets experienced a downturn on Monday, with losses particularly notable in the mining and oil sectors, as investors remained cautious amid to escalating geopolitical tensions in the Middle East.

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15 Apr 2024 11:56

LONDON MARKET MIDDAY: Oil falls despite rising Iran-Israel tensions

(Alliance News) - London's FTSE 100 was down at midday on Monday, as oil majors BP and Shell were hurt by falling prices, with investors showing caution following Iran's strikes on Israel over the weekend.

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15 Apr 2024 08:59

LONDON MARKET OPEN: FTSE 100 falls as oil lower despite Iran strikes

(Alliance News) - Stock prices in London opened lower on Monday, with a decline in oil prices sending Shell and BP lower, in a cautious start to the week following Iran's strikes on Israel over the weekend.

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13 Apr 2024 16:52

Sector movers: Investors seek out safe havens across all asset classes

(Sharecast News) - Commodity plays were again sought out at the end of the week after The Wall Street Journal said that an Iranian attack against Israel was thought to be imminent.

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12 Apr 2024 17:28

FTSE 100 sets near record close as commodity stocks shine

FTSE 100 up 0.9%, FTSE 250 off 0.3%

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12 Apr 2024 16:56

LONDON MARKET CLOSE: Miners lift FTSE 100 but sea of red elsewhere

(Alliance News) - London's FTSE 100 defied a tricky day for wider markets, as its miners and oil producers shone, while the dollar was supported as odds of the US Federal Reserve enacting three interest rate cuts this year dwindle.

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