Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 471.00
Bid: 470.40
Ask: 470.60
Change: 0.50 (0.11%)
Spread: 0.20 (0.043%)
Open: 468.40
High: 473.15
Low: 467.30
Prev. Close: 470.50
BP. Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-Housebuilders, miners & oil stocks weigh on FTSE 100

Tue, 12th Jun 2018 17:33

* FTSE 100 down 0.4 pct

* Centrica leads index after Jefferies upgrade

* Crest Nicholson falls 5 pct after margin hit

* Housebuilders decline

* Domino's tumbles after CFO departure(Updates prices, adds details, quotes)

By Helen Reid

LONDON, June 12 (Reuters) - Losses in miners and oil majorssent Britain's top share index into the red on Tuesday, whilehousebuilding stocks tumbled after weak results from CrestNicholson piled extra pressure on a sector already hit by a runof poor economic data.

A summit between U.S. President Donald Trump and NorthKorea's Kim Jong Un had limited impact on UK and European stockmarkets. The FTSE 100 fell 0.4 percent, while the STOXX600 edged down 0.1 percent.

With a crucial vote on Brexit getting underway in theBritish parliament, a volatile sterling currency helped reinback the FTSE's gains.

Miners Anglo American and Antofagasta wereamong the top fallers, down 3.2 and 2.3 percent as a strongdollar weighed on copper prices.

Oil majors Royal Dutch Shell and BP fell 1.4percent, tracking a decline in Europe's oil & gas indexas crude prices flagged, and traders said investors werepocketing profits after a strong run in the sector.

While commodities weighed on the FTSE 100, the biggest moveswere in the mid- and small-cap markets.

Crest Nicholson shares tumbled 4.2 percent, leadingthe housebuilding sector down. The southern England-focussedhousebuilder said its margins had been hit by higher costs andflat house prices, and was moving out of central London.

"Markets were unimpressed with lack of a clear cost controlstrategy and with UK housing sector on the downturn it is notclear if the outlook for the housebuilder will improvesubstantially," said Artjom Hatsaturjants, analyst at AccendoMarkets.

Housebuilders fell for a second day, extending their fall onCrest's pessimistic tone. Data on Monday showing a fall in UKfactory output and widening goods trade deficit had dented theshares.

Barratt Development, Berkeley, Persimmonand Taylor Wimpey all fell 2.1 to 3.1 percent,bottom of the FTSE 100, while mid-caps Bellway andRedrow fell 3.6 and 4.2 percent.

Domino's Pizza Group was another top faller, down5.8 percent after the company's chief financial officer departedsuddenly, with immediate effect.

Ocado, which had made gains on Monday after brokerupgrades, fell back 3.3 percent after French supermarket chainCarrefour upped the ante in the retail sector bysigning an online shopping partnership with Google.

Also in disruptive retail, online fashion brand Boohoofell percent despite reporting strong results withrevenue growing 53 percent in the three months to May 31.

The stock tumbled 5 percent at the open but ended the daydown just 1 percent.

"Investors may be disappointed by the lower than expectedgrowth at the boohoo brand," said Jefferies analysts. Liberumdowngraded the stock, and one trader also said expectations werevery high for Boohoo and some profit-taking was likely.

Shares in small-cap Acacia Mining fell 3.8 percentafter the gold miner reported a fatal accident at its North Maramine in Tanzania.

Utility Centrica gained 3.7 percent after Jefferies upgradedit to a "buy".

Meanwhile a downgrade from Numis drove vehicle retailerMotorpoint to the bottom of the small-cap index.

(Reporting by Helen ReidEditing by Gareth Jones)

More News
12 Apr 2024 11:51

LONDON MARKET MIDDAY: February data spurs end of UK recession hopes

(Alliance News) - Stocks in London got a boost on Monday at midday, as investors were optimistic that the UK is heading out of its short lived recession.

Read more
12 Apr 2024 11:47

Europe's main energy stocks index hits highest since 2008

April 12 (Reuters) - The main European energy stocks index hit its highest level since 2008 as higher oil prices, geopolitical risks, and global economic uncertainty drew in investors on Friday.

Read more
12 Apr 2024 11:37

TOP NEWS: BP shares rise after reports Adnoc had pondered takeover

(Alliance News) - Shares in BP jumped on Friday after reports that the state-owned, United Arab Emirates oil company was considering, but had ruled out, a bid for the London-based oil major.

Read more
12 Apr 2024 08:58

LONDON MARKET OPEN: Stocks get boost thanks to growth in UK economy

(Alliance News) - Stock prices in London opened higher on Friday, thanks to new data suggesting the UK economy is out of recession.

Read more
12 Apr 2024 07:56

UAE's ADNOC said to have recently considered BP takeover

(Sharecast News) - The United Arab Emirates' state-owned oil company recently considered buying BP but the deliberations did not progress beyond preliminary discussions, according to a report.

Read more
11 Apr 2024 14:41

Senegal says oil, gas and mine contracts will be reworked if needed

DAKAR, April 11 (Reuters) - Senegal's new Energy and Mines Minister said on Thursday the government would renegotiate oil, gas and mining contracts if necessary once a promised audit is completed.

Read more
10 Apr 2024 08:41

Johnson Matthey and BP win deal for US sustainable aviation fuel plant

(Alliance News) - Johnson Matthey PLC and BP PLC on Wednesday said their technology offering has been selected for use in a sustainable aviation fuel plant being built in the US state of Louisiana.

Read more
10 Apr 2024 07:47

LONDON BRIEFING: Stocks called up ahead of US inflation data

(Alliance News) - Stocks in London are called to open higher, as investors shake off nerves ahead of a key US inflation reading.

Read more
9 Apr 2024 17:26

Slide in defence stocks knocks down Europe's STOXX 600

BP gains on higher quarterly upstream energy output forecast

*

Read more
9 Apr 2024 17:13

FTSE 100 ends down as defence stocks offset commodity gains

Easter food spending lifts UK retail sales in March

*

Read more
9 Apr 2024 16:53

LONDON MARKET CLOSE: Stocks struggle in nervy trade before US data

(Alliance News) - European equities closed lower on Tuesday, with sentiment downbeat ahead of Wednesday's US inflation reading, though impetus could be found in gold, which hit another record high.

Read more
9 Apr 2024 15:12

London close: Stocks slip ahead of ECB, US inflation print

(Sharecast News) - London markets closed lower on Tuesday, as investors braced for a key US inflation reading as well as a policy announcement from the European Central Bank later in the week.

Read more
9 Apr 2024 12:00

LONDON MARKET MIDDAY: FTSE 100 treads water despite boost from miners

(Alliance News) - Equities in London lacked impetus heading into Tuesday, as investors moved with caution ahead of a US inflation print on Wednesday and the European Central Bank's interest rate decision a day later.

Read more
9 Apr 2024 10:21

PRESS: Shell could make London exit if value gap to US does not close

(Alliance News) - Shell PLC fired a warning shot to that it could be prepared to move its listing to the US in a fresh blow to London's financial centre.

Read more
9 Apr 2024 08:53

TOP NEWS: BP predicts upstream production will rise in first quarter

(Alliance News) - BP PLC on Tuesday said it expects first quarter upstream production to be higher than the previous three month period but cautioned lower prices would hurt performance elsewhere.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.