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Share Price Information for BP (BP.)

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Share Price: 528.30
Bid: 528.30
Ask: 528.40
Change: 5.00 (0.96%)
Spread: 0.10 (0.019%)
Open: 526.00
High: 528.70
Low: 524.70
Prev. Close: 523.30
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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 Mar 2024 11:52

LONDON MARKET MIDDAY: European markets flat ahead of Fed and BoE

(Alliance News) - Stock prices in London were down at midday on Tuesday, as investors sat on their hands ahead of interest rate decisions from the UK and US.

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18 Mar 2024 11:49

LONDON MARKET MIDDAY: FTSE 100 as shakes off pre-interest rate nerves

(Alliance News) - Stock prices in London were higher at midday Monday, as eyes were firmly on interest rate decisions across the globe.

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15 Mar 2024 13:07

IN BRIEF: Costain wins place on GBP4 billion carbon capture project

Costain Group PLC - Maidenhead, Berkshire-based construction and engineering firm - Selected as one of nine specialist partners to deliver a carbon capture project beneath the North Sea off the east cost of England. The engineering, procurement, and construction contracts for the East Coast Cluster have a combined value of around GBP4 billion, Costain says. The contracts will be with Net Zero Teesside Power and the Northern Endurance Partnership. NZT Power is a electricity generating joint venture of the UK's BP PLC and Norway's Equinor. NEP is a joint venture of BP, Equinor and France's TotalEnergies SE that will provide CO2 transport and storage for the East Coast Cluster. Final investment decisions are expected in September or earlier, with the projects aiming for commercial operations from 2027.

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15 Mar 2024 12:11

LONDON MARKET MIDDAY: FTSE 100 underperforms despite mining, oil boost

(Alliance News) - London's FTSE 100 overcame a muted morning to head into Friday afternoon on the up, though its progress was shy of the loftier gains seen by mainland European peers, as investors showed some signs of trepidation ahead of a pair of interest rate decisions next week.

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14 Mar 2024 11:54

BP details green credentials in similar push towards net zero as Shell

(Alliance News) - BP PLC on Thursday outlined similar targets to cut emissions as peer Shell PLC, as both oil and gas majors strive to become net zero for carbon emissions by 2050.

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14 Mar 2024 10:19

BP picks up Ashford site to boost electric charging scope for trucks

(Alliance News) - BP PLC on Thursday stepped up plans to increase its electric charging capacity for heavy goods vehicles by buying one of the largest truck stops in Europe.

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8 Mar 2024 13:42

BP appoints Aviva boss Amanda Blanc as senior independent director

(Sharecast News) - Oil giant BP said on Friday that it has appointed Aviva chief executive Amanda Blanc as senior independent director with effect from after the annual meeting on 25 April.

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8 Mar 2024 12:20

IN BRIEF: BP promotes Aviva chief executive officer to senior director

BP PLC - London-based oil major - Non-Executive Director Amanda Blanc will be appointed as a senior independent director, effective from April 25 at the conclusion of BP's annual general meeting. Blanc joined BP's board in September 2022. She has been group chief executive officer of Aviva PLC since July 2020. Company also says Senior Independent Director Paula Reynolds will retire at the AGM's conclusion, having served on the board for nine years. Non-Executive Director John Sawers will also be retiring.

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8 Mar 2024 10:33

BP pays Auchincloss £8m in 2023, claws back £1.8m from Looney

(Sharecast News) - BP chief executive officer Martin Auchincloss was paid £8m for his services in a particularly prosperous year, it was revealed on Friday, as it managed to claw back a further £1.8m from its former head Bernard Looney.

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London close: Stocks languish ahead of Wednesday's Budget

(Sharecast News) - London's stock markets finished in the red on Monday, reflecting investor apprehension ahead of the impending Spring Budget.

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Jefferies upgrades BP to 'buy'

(Sharecast News) - Jefferies upgraded BP on Monday to 'buy' from 'hold' and lifted the price target to 570p from 520p.

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