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Share Price Information for BP (BP.)

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Share Price: 490.80
Bid: 481.10
Ask: 500.00
Change: 0.00 (0.00%)
Spread: 18.90 (3.928%)
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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)

More News
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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4 Mar 2024 15:29

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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4 Mar 2024 10:43

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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4 Mar 2024 08:59

LONDON BROKER RATINGS: Jefferies says buy BP; UBS says buy Compass

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

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4 Mar 2024 08:55

LONDON MARKET OPEN: Review cuts Hipgnosis Songs Fund valuation

(Alliance News) - Stock prices in London opened mostly lower on Monday, as investor attention remained primarily on the release of the UK Spring budget on Wednesday.

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4 Mar 2024 07:41

LONDON BRIEFING: Stocks called down; attention on UK's spring budget

(Alliance News) - Stocks in London are called to open lower, ahead of a busy week of economic news.

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22 Feb 2024 09:49

LONDON BROKER RATINGS: Berenberg raises Moneysupermarket.com to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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15 Feb 2024 16:52

LONDON MARKET CLOSE: Stocks in green despite UK hit by recession

(Alliance News) - Stock prices in London closed higher on Thursday, after data showed that the UK economy slipped into recession in the final quarter of 2023, buoying hopes for interest rate cuts from the Bank of England.

Read more

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