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Share Price Information for BP (BP.)

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Share Price: 496.95
Bid: 496.65
Ask: 496.75
Change: -5.35 (-1.07%)
Spread: 0.10 (0.02%)
Open: 504.00
High: 506.20
Low: 492.65
Prev. Close: 502.30
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UPDATE 2-FTSE 100 closes lower on weak oil majors; Midcaps boosted by G4S

Mon, 14th Sep 2020 09:39

* No-deal Brexit fears cap gains

* All eyes on BoE meeting on Thursday

* BP drops after it forecasts weak crude demand

* Security firm G4S marks best day ever
(Adds details, comment, updates to close)

By Shashank Nayar and Ambar Warrick

Sept 14 (Reuters) - London's blue-chip index fell on Monday
as the prospect of waning demand weighed on heavyweight energy
stocks, while security firm G4S propped up the midcap index
after it rejected a takeover from Canadia's GardaWorld.

The blue-chip FTSE 100 shed 0.1%, with oil and gas
major BP weighing the most after it forecast declining
fossil fuel demand due to climate policies and the coronavirus
epidemic. Oil prices were steady.

The mid-cap index added 0.7%, with G4S
surging to a near seven-month high after it rejected a 2.95
billion pound ($3.8 billion) offer from Canadian security firm
GardaWorld, saying it was "highly opportunistic".

Divorce talks between the United Kingdom and the European
Union continued to be at the forefront, with the bloc ramping up
pressure on Prime Minister Boris Johnson to step back from
breaking the Brexit divorce treaty.

"Brexit is back with a bang, and there’s a growing risk that
the transition period will end with no trade agreement in place
between the UK and the EU," ING economists wrote in a note.

Markets are also awaiting Thursday's Bank of England policy
meeting, where it is likely to signal more stimulus to lift the
economy out of a deep recession that could be exacerbated by a
messy Brexit.

While steady stimulus has helped the FTSE 100 bounce from
its coronavirus lows earlier this year, surging cases and
middling economic data have seen the index stall in recent
months, with new Brexit fears also expected to weigh in the
near-term.

Drugmaker AstraZeneca fell slightly, despite
resuming British clinical trials of its COVID-19 vaccine, which
is one of the most advanced in development.

British recruiting firm SThree Plc rose 1.4% as it
said its underlying sequential performance had been improving
since the first half of the year.
(Reporting by Shashank Nayar in Bengaluru; Editing by
Subhranshu Sahu and Steve Orlofsky)

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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
9 Apr 2024 08:44

LONDON MARKET OPEN: Stocks shaky ahead of US CPI data, ECB decision

(Alliance News) - Stock prices in London opened mostly lower on Tuesday, as investors look ahead to a key inflation reading from the US, as well as the latest interest rate decision from the European Central Bank.

Read more

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