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Share Price Information for BP (BP.)

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Share Price: 490.80
Bid: 490.45
Ask: 490.55
Change: -0.45 (-0.09%)
Spread: 0.10 (0.02%)
Open: 488.80
High: 491.55
Low: 486.00
Prev. Close: 491.25
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UPDATE 1-European shares hit by Bayer, Lufthansa; FTSE shines

Tue, 30th Jul 2019 09:31

* STOXX 600 posts worst fall since May

* Trump tweets hit trade-sensitive German shares

* Irish stocks hurt by Brexit woes(Updates to close)

By Susan Mathew and Medha Singh

July 30 (Reuters) - Europe's main STOXX 600 index posted itsworst session since a selloff in May on Tuesday after U.S.President Donald Trump ramped up his trade rhetoric againstChina, deepening wounds left by a batch of weak economic dataand corporate earnings.

The pan-European equities index closed down 1.5% inheavy trading and Germany's trade-sensitive stocks hita six-week low after Trump warned China against waiting out hisfirst term in office to finalise any trade deal.

Automakers, sensitive to trade headlines, fell 2.3%.But banks led declines among European sectors due togrowing expectations of lower interest rates.

The U.S. Federal Reserve is set to conclude its monetarypolicy meeting on Wednesday, with investors looking for signalson whether a widely expected 25-basis-point rate cut from theU.S. central bank will be the start of an easing cycle.

"It's unlikely you'll see consolidation tomorrow if there'sa (Fed) cut. In the short term, people are emptying their books,taking profits and getting ready for holidays," said StephaneBarbier de la Serre, a macro strategist at Makor Capital Marketsin Geneva.

As evidence continues to build of the impact of a bruisingtrade war on global growth, expectations that major centralbanks will adopt accommodative policies have buoyed globalmarkets since a sharp fall in May.

A series of weak economic data from France, Germany and theeuro zone as a whole painted a meagre growth outlook, lendingsupport to doves among the European Central Bank.

A slide in the British pound on worries of a disorderlyBrexit failed to support the FTSE 100, which fell 0.5%.

Banks were a big drag on the index after the Bank of Englandsaid they will have to tell investors in 2021 if they can beclosed down without creating havoc in financialmarkets.

British Gas parent Centrica sank 19% to its lowestlevel in more than two decades as it slashed its dividend andsaid its chief executive would step down.

Imperial Brands PLC and British American Tobacco PLCslipped more than 4% after U.S. rival Altria Groupposted a tepid forecast for domestic cigarette volumes.

Ireland's main stock index ISEQ, which tends to fallon fears of a no-deal UK departure from the European Union, slid2.2%, its biggest one-day percentage drop since December 2018.

The latest company to become victim to trade disputes wasGermany's Bayer, which slipped 3.7% after theagricultural supplies company said its full-year earnings targethas become harder to reach.

Airline Lufthansa dropped 6% after posting adecline in second-quarter earnings and saying that the Europeanmarket was likely to remain challenging this year.(Reporting by Susan Mathew and Medha Singh in Bengaluru,additional reporting by Josephine Mason in London; editing byToby Davis)

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19 Dec 2023 08:47

LONDON MARKET OPEN: Stocks rise as investors pin hopes on US rate cuts

(Alliance News) - Stock prices in London opened higher on Tuesday, with sentiment still buoyed by expectations of rate cuts in the US.

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18 Dec 2023 18:18

Red Sea attacks force rerouting of vessels, disrupting supply chains

Houthis launched series of attacks, latest on Monday

*

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18 Dec 2023 17:40

Europe Gasoline/Naphtha-Margins slip as Red Sea attacks push oil higher

LONDON, Dec 18 (Reuters) - Northwest European gasoline refining slipped by about $1 to $8.6 a barrel as underlying crude prices rose 3% on mounting attacks on ships in the Red Sea.

Trades   Bids     Offers   Prev.    Sellers  Buyers
(vol.) Trades
Ebob $727.50
Barges
MOC
Platts E5
(fob ARA)
<EUROBOB-
ARA>
Ebob $728
Barges
E10
Platts(fo
b ARA)
Ebob $735.50 Varo, Trafigu
Barges (4KT) Glencor ra
Argus e
E5(fob
AR)
Ebob $727 Shell, Varo,
Barges 11KT Exxon Totsa
E10 Argus
(fob AR)
Jan. swap $741.25 $725.25
fob ARA
Premium
Unleaded
(fob ARA)
<PU-10PP-
ARA>
Cargoes
(fob MED)
Cargoes
(cif NWE)
Naphtha Jan
(cif NWE) +$14
<NAF-C-NW
E>

Ebob crack (per barrel) $8.6 Prev. $9.7
Brent futures
Rbob
Rbob crack <RBc1-CLc1>
(Reporting by Ahmad Ghaddar; Editing by Mark Porter)

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18 Dec 2023 16:55

LONDON MARKET CLOSE: FTSE 100 outperforms European peers

(Alliance News) - Stock prices in London closed higher on Monday, after investors shrugged off hawkish comments from US Federal Reserve officials amid festive cheer.

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18 Dec 2023 12:52

Red Sea attacks force rerouting of vessels, disrupting supply chains

DUBAI, Dec 18 (Reuters) - Mounting attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea are disrupting maritime trade as leading global freight firms reroute around the Cape of Good Hope to avoid the Suez canal.

Read more
18 Dec 2023 11:50

BP becomes latest to pause Red Sea shipments as attacks continue

(Sharecast News) - BP has announced that it is halting all oil shipments through the Red Sea, becoming the latest company to pause regional routes after a series of targeted attacks by Yemen's Houthi rebels.

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14 Dec 2023 07:43

LONDON BRIEFING: Eyes on BoE and ECB; US Fed signals 2024 rate cuts

(Alliance News) - Stocks are called to open higher on Thursday, after the US Federal Reserve chose not to surprise markets with its latest interest rate decision.

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13 Dec 2023 23:16

Newcomer Elysian, Petrobras notch big wins in Brazil oil auction

RIO DE JANEIRO, Dec 13 (Reuters) - Oil companies including Elysian along with veterans Petrobras and Chevron snapped up the most blocks up for grabs in Brazil's latest offshore oil auction marked by climate protests, as the South American nation looks to replenish reserves with new discoveries.

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13 Dec 2023 19:00

BP Energy wins oil auction for Brazil's Tupinamba block

RIO DE JANEIRO, Dec 13 (Reuters) - BP Energy on Wednesday won the auction for oil and gas production rights of the offshore block of Tupinamba in Brazil's Santos Basin.

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13 Dec 2023 17:04

TOP NEWS: Ex-BP boss Looney to forfeit GBP32 million after misconduct

(Alliance News) - BP PLC on Wednesday said former Chief Executive Bernard Looney has been dismissed without notice after concluding he had "knowingly misled the board".

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13 Dec 2023 11:00

EV charger station firms battle for prime locations in Europe, US

LONDON/DETROIT, Dec 13 (Reuters) -

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13 Dec 2023 09:15

LONDON BROKER RATINGS: Exane BNP cuts Shell; JPMorgan cuts WPP

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:

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13 Dec 2023 08:56

LONDON MARKET OPEN: Stocks in green as all eyes on US Fed

(Alliance News) - Stock prices in London opened higher on Wednesday, despite some disappointing data about the UK economy, as well as pre-central bank decision nerves.

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13 Dec 2023 06:00

EV charger station firms battle for prime locations in Europe, US

LONDON/DETROIT, Dec 13 (Reuters) -

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12 Dec 2023 22:37

Shell to boost production at Perdido's oil project in US Gulf of Mexico

Dec 12 (Reuters) - Shell PLC on Tuesday said it has made a final investment decision (FID) to boost production at the Perdido oil project in the U.S. Gulf of Mexico, starting in April 2025.

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