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Pin to quick picksBP Share News (BP.)

Share Price Information for BP (BP.)

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Share Price: 504.10
Bid: 504.60
Ask: 504.90
Change: 0.00 (0.00%)
Spread: 0.30 (0.059%)
Open: 0.00
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Prev. Close: 504.10
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Wednesday newspaper share tips: StanChart, BP

Wed, 27th Apr 2016 12:30

(ShareCast News) - StanChart´s financials for the first quarter of 2016 suggest chief Bill Winters may have managed to staunch the bleeding, or at least that it´s not terminal, The Times´s Tempus said. In that light, the bank´s fourth quarter loss in 2015 may have been the standard 'kitchen-sinking' excercise, with the new boss opting to clear the slate at the start of his reign.However, he and his finance director, Andy Halford, exercised "decent judgement" in deciding that a good part of StanChart´s loans were too risky given their profitability.Hence their decision to renogiate the terms or end the relationship with such clients, who hold $50bn of such loans.The lender is also shedding or restructuring another slab of $50bn worth in loans, the tipster highlighted.Undoubtedly, Winters and his team are still facing stiff challenges in the form of a slowdown in China and low prices for a raft of commodities.Yet if StanChart can achieve further improvements in bad debts, then analysts at Cenkos believe it might be able to push its return on equity to 7.3% in 2018, which looks healthy in comparison to the wider sector."If Mr Winters turns out to be right, the shares are a tentative buy," Tempus said. Shares in BP should catch up soon with those of rival Royal Dutch Shell, barring any further disasters, the Financial Times´s Lex column said.The oil major had succeeded in cutting flab over the past six years - to the tune of 15% of its tangible assets - having been forced to pay for its liabilities arising from its Gulf of Mexico blow-up and a skid in oil prices lower.Furthermore, a reduction in capital outlays from $17bn to $15bn meant it could now generate sufficient cash flow to cover its investment needs with the price of crude at just $55 per barrel, as opposed to $60 per barrel previously.It also managed to turn a profit in the first quarter of 2016, versus analysts´ expectations for a loss.Nonetheless, the stock has now underperformed for a decade; bad news for pensioners given its average 2.5% weighting in stock portfolios.Even so, given its ability to stick to its fasting there is no fundamental justification for that under-performance - assuming no further 'whoopsies' - Lex said.
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(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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Johnson Matthey and BP win deal for US sustainable aviation fuel plant

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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

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9 Apr 2024 17:13

FTSE 100 ends down as defence stocks offset commodity gains

Easter food spending lifts UK retail sales in March

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9 Apr 2024 16:53

LONDON MARKET CLOSE: Stocks struggle in nervy trade before US data

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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.

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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.

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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.

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9 Apr 2024 07:51

BP expects rise in first-quarter upstream energy output

April 9 (Reuters) - BP said on Tuesday it expects first-quarter upstream production of both oil and gas as well as low-carbon energy to be higher than the previous three months.

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9 Apr 2024 07:39

LONDON BRIEFING: HSBC sells Argentinian arm for USD550 million

(Alliance News) - Stocks in London are called to open lower on Tuesday, as investors nervously look ahead to US inflation data and the European Central Bank's latest interest rate decision.

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9 Apr 2024 07:24

BP sees higher Q1 upstream production

(Sharecast News) - Oil giant BP said it expected first-quarter upstream production to be higher than the previous three months.

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