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Share Price Information for BP (BP.)

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Share Price: 503.70
Bid: 503.80
Ask: 503.90
Change: -6.70 (-1.31%)
Spread: 0.10 (0.02%)
Open: 506.40
High: 515.30
Low: 499.60
Prev. Close: 510.40
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UPDATE 2-FTSE 100 hits nine-month high as oil prices jump

Fri, 04th Dec 2020 09:23

* Oil prices jump after OPEC+ inks supply compromise

* UK expects roll-out of Pfizer vaccine in millions

* Brexit talks in tough phase - minister

* FTSE 100 up 0.9%, FTSE 250 up 0.3%
(Adds comments, updates prices throughout)

By Shivani Kumaresan and Shreyashi Sanyal

Dec 4 (Reuters) - London's FTSE 100 rose to a nine-month
high on Friday as a jump in oil prices boosted energy stocks,
while investors remained focussed on Brexit trade talks with
only four weeks left for Britain's transition period out of the
bloc to end.

The blue-chip FTSE 100 rose 0.9%, with BP and
Royal Dutch Shell among the biggest gainers as major
oil producers agreed to continue production cuts to overcome
coronavirus-induced demand concerns.

The FTSE 100 has soared 17% in the past five weeks as news
that a working COVID-19 vaccine would be available before
year-end sparked hopes of a swift economic recovery, but
analysts have cautioned about the near-term damage to the
economy from sweeping business restrictions.

Data on Thursday showed activity in the UK services sector
in November suffered its first fall since June following a
four-week partial lockdown across England.

The mid-cap FTSE 250, considered a barometer of
Brexit sentiment, rose 0.3%, led by the real estate, technology
and consumer staples sectors.

Brexit trade talks are in a difficult phase and a deal can
only be struck if the European Union accepts that Britain is a
sovereign nation, a British minister said on Friday after London
indicated the chance of a breakthrough was receding.

"For UK stocks, it may well be that Brexit progress ignites
a new bounce, but then it might do the same for sterling,
dampening down enthusiasm for UK stocks at precisely the moment
that they might be expected to shine," said Chris Beauchamp,
chief market analyst at IG.

"At present the market just seems happy to take any deal...
but even without one, the hints about carrying on negotiations
in January provides hope that there won't be a cliff-edge moment
to kick off 2021, just yet more interminable talking."

McBride Plc jumped 7.3% after raising its full-year
earnings outlook, while Housebuilder Berkeley Group
shed 1.8% as it posted a fall in first-half profit.
(Reporting by Shivani Kumaresan and Shreyashi Sanyal in
Bengaluru; Editing by Subhranshu Sahu, Shounak Dasgupta and
Jonathan Oatis)

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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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(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

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

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(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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15 Feb 2024 14:55

London close: Stocks manage gains despite UK recession news

(Sharecast News) - London markets had a mixed but ultimately positive day of trading on Thursday, despite news that the UK fell into a technical recession at the end of 2023.

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(Alliance News) - The FTSE 100 tread water on Thursday afternoon, as share price declines for some of London's heavyweights offset a strong start for the index, which got a boost from Bank of England rate cut hopes.

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