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Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

London Stock Exchange
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Share Price: 500.50
Bid: 499.75
Ask: 499.90
Change: -3.20 (-0.64%)
Spread: 0.15 (0.03%)
Open: 498.00
High: 500.50
Low: 490.65
Prev. Close: 503.70
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UPDATE 2-Consumer staples, energy stocks boost FTSE 100; delayed reopening cap gains

Tue, 15th Jun 2021 16:52

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)

* UK payrolled employees surge by 197,000 in May

* Subprime lender NSF slides on equity raise plans

* FTSE 100 up 0.4%, FTSE 250 off 0.5%
(Updates to close)

By Devik Jain and Amal S

June 15 (Reuters) - London's FTSE 100 equity index ended
higher on Tuesday, lifted by gains in consumer staples and
energy stocks, although a delay in lifting remaining COVID-19
restrictions in England curbed sentiment across the overall
market.

The blue-chip index rose 0.4% to its highest close
since February 2020 highs. Dollar-earning consumer staples
stocks, including Unilever, Reckitt Benckiser Group
, British American Tobacco and Diageo Plc
gained between 0.58% and 1.77%, on the weaker pound.

Energy stocks gained 0.32% as oil majors
including BP and Royal Dutch Shell gained 0.7%
and 1.8% respectively, tracking crude prices.

The domestically focused mid-cap FTSE 250 index fell
0.5%. Prime Minister Boris Johnson pushed back plans to lift
most remaining COVID-19 restrictions to July 19, citing the
rapid spread of the more infectious Delta variant.

Travel and leisure stocks fell 0.8%, with
Flutter Entertainment Plc and Entain Plc among
the top decliners.

There was good news however on the jobs front, as the number
of employees on British company payrolls surged by a record
197,000 in May as COVID-19 restrictions eased, tax data
showed.

Meanwhile global markets including London are focused on the
U.S. Federal Reserve meeting for clues to a
sooner-than-expected tapering of its monetary policy, prompted
by rising inflation.

"The latest test of the market's more relaxed attitude over
rising prices is likely to come with the next meeting of the
Federal Reserve tomorrow when its position on rates and stimulus
will be announced," said Russ Mould investment director at AJ
Bell.

The FTSE 100 and the FTSE 250 have gained more than 11% this
year, but they have oscillated in a narrow range since mid-April
on worries that a COVID-19 resurgence might crimp the recovery,
and rapid economic growth could lead to higher inflation.

Among stocks, Boohoo Group Plc gained 1.07% after
the British online fashion retailer reported a 32% rise in sales
in its latest quarter benefiting from rising demand as lockdown
restrictions eased.

However, Non-Standard Finance slipped 17.2% as the
subprime lender plans to raise around 80 million pounds ($112.98
million) in the third quarter potentially through a share
sale.
(Reporting by Devik Jain and Amal S in Bengaluru)

More News
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.

Read more
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.

Read more
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.

Read more
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%

*

Read more
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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12 Apr 2024 15:45

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 14:45

London close: Stocks mixed as data shows UK GDP growth

(Sharecast News) - London's markets closed with a mixed performance on Friday, as investors digested the latest GDP data suggesting an end to the recession in the UK.

Read more
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

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