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Share Price Information for BP (BP.)

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Share Price: 491.25
Bid: 491.35
Ask: 491.40
Change: -0.05 (-0.01%)
Spread: 0.05 (0.01%)
Open: 492.20
High: 497.10
Low: 491.15
Prev. Close: 491.30
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UPDATE 2-Energy, mining stocks drag FTSE 100 lower as Amigo tumbles

Tue, 25th May 2021 09:33

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

* UK court rejects Amigo rescue plan, shares tumble

* Aveva group rises on upbeat business outlook

* FTSE 100 down 0.3%, FTSE 250 flat
(Updates with market close)

By Shivani Kumaresan and Devik Jain

May 25 (Reuters) - London's FTSE 100 index was dragged lower
by energy and mining stocks on Tuesday, while subprime lender
Amigo was on track for its worst day on record after a
British court rejected its proposed redress scheme.

The blue-chip FTSE 100 index fell 0.3% with oil
heavyweights BP and Royal Dutch Shell falling
1.2% and 1.6% respectively.

Miners including Rio Tinto, Anglo American,
Glencore and BHP were also among the biggest
drags on the FTSE 100, with shares falling between 1.2% and
1.6%.

However, losses were limited by industrial software company
Aveva, which gained 1.6% after saying it was confident
about the year ahead as the business environment had improved in
most of its major markets.

"The FTSE 100 was struggling for direction ... given the
continuing uncertainties over vaccines versus variants, the
risks of inflation and the continuing volatility in the
commodity and cryptocurrency markets," Russ Mould, investment
director at AJ Bell, said.

The domestically focussed mid-cap FTSE 250 index was
flat with Royal Mail up 6.6% to the top of the index
after Peel Hunt upgraded it to "buy" from "hold".

After rising 9% in the first four months of this year on
recovery optimism, the FTSE 100 has traded in a tight range in
recent sessions on concerns that a resurgence of COVID-19 cases
across parts of Asia might delay a global economic recovery.

Amigo's shares tumbled 55.3% after a court refused to
sanction a proposed rescue plan to manage its large backlog of
redress claims.

Among other stocks, AstraZeneca fell 0.8% after
Britain's competition regulator said it was reviewing the
drugmaker's $39 billion buyout of U.S.-based Alexion.
(Reporting by Shivani Kumaresan and Devik Jain in Bengaluru;
Editing by Subhranshu Sahu and Alexander Smith)

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1 Feb 2024 12:22

LONDON MARKET MIDDAY: BoE keeps bank rate on hold in split decision

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1 Feb 2024 10:06

New UK oil and gas exploration licences approved in the North Sea

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LONDON MARKET OPEN: Shells begins USD3.5 billion buyback; eyes on BoE

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30 Jan 2024 15:28

UK earnings, trading statements calendar - next 7 days

Wednesday 31 January 
Aberforth Smaller Companies Trust PLCFull Year Results
abrdn Private Equity Opportunities Trust PLCFull Year Results
Ecora Resources PLCTrading Statement
GSK PLCFull Year Results
ITM Power PLCHalf Year Results
NWF Group PLCHalf Year Results
Thursday 1 February 
Airtel Africa PLCTrading Statement
AG Barr PLCTrading Statement
BT Group PLCTrading Statement
Cranswick PLCTrading Statement
Gem Diamonds LtdTrading Statement
Glencore PLCTrading Statement
JTC PLCTrading Statement
Rank Group PLCHalf Year Results
Shell PLCFull Year Results
TClarke PLCTrading Statement
Friday 2 February 
YouGov PLCTrading Statement
Monday 5 February 
Home REIT PLCTrading Statement
Porvair PLCFull Year Results
Trident Royalties PLCTrading Statement
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BP PLCFull Year Results
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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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29 Jan 2024 17:25

London close: Stocks turn weaker ahead of busy week for earnings

(Sharecast News) - London's stock market saw slight declines by the close on Monday, as investors turned their attention to a week filled with corporate earnings reports and central bank announcements.

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29 Jan 2024 17:02

LONDON MARKET CLOSE: Stocks slightly down pre US Fed, Bank of England

(Alliance News) - Stock prices in London closed mutedly lower on Monday, ahead of a busy week of interest rate decisions and economic data.

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LONDON MARKET OPEN: BP, Shell higher amid Middle East tensions

(Alliance News) - Stock prices in Europe opened mostly lower, ahead of an important week of central bank decisions and economic data.

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Equinor, Orsted bid for better contract in NY offshore wind auction

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LONDON MARKET CLOSE: Stocks up as Fed's preferred inflation read cools

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26 Jan 2024 13:16

Equinor sticks to 2030 renewables targets after US wind project reset

OSLO, Jan 26 (Reuters) -

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