Member Info for Harmonica

Lokiloo.

And should the G7 cap the price of Russian oil, it would hurt Russia too, hence the Russian threats.

The following short excerpt is from The Daily Telegraph on August 12th. Sounds good for BP plc!

Speaking at Telegraph Tory leadership hustings in Cheltenham, Foreign Secretary pledges to lift ban on fracking.

Liz Truss on Thursday night rejected calls to increase the windfall tax on energy companies to fund cost of living handouts for households, saying profit is not a “dirty word”.

The Foreign Secretary said she was “absolutely” against such taxes, arguing that such a policy approach would be taken by Labour.

The remarks are her clearest yet on the subject and come despite the Treasury devising an expansion of the windfall tax as an option for the next prime minister.

As a new forecast predicted that annual energy bills could soar to more than £5,000 next April, Ms Truss also said she would lift the ban on fracking.

Speaking at The Telegraph’s Tory leadership hustings in Cheltenham – which drew the biggest audience of the leadership contest so far – she said: “I don’t think profit is a dirty word, and the fact it’s become a dirty word in our society is a massive problem.

Tinker,

Yes, very odd, as 'T' and 'P' are not next to each other in the top row of a standard keyboard.

ChittyBangBang,

It is security of tenure for renters that puts homeowners off risking their properties and putting them up into the rental market. Too much protection for renters ends up being counterproductive, with properties being withdrawn.

WeirdPal,

Not so weird! Depends on expectations...clearly not much was expected of Uber.

Much was expected of BP and it has delivered. Hence the 3%+ rise is a day when the price of oil has been weak.

Wait for a day when oil increases in price.

Thanks, Zac!

I see Persimmon leads the way with over 12%! Cannot be sustainable...

Thanks, Zac!

I see Persimmon leads the way with over 12%! Cannot be sustainable...

Does anybody know if there is a website somewhere that lists the FTSE 100 companies by the dividend rate of return? What I am looking for is to see which companies are the best and worst payers of dividends relative to their share market price.

Many thanks in advance!

Good to see that the Centrica dividend has returned!

When will it be paid?

I hope that this company does not show today where BP's share price will be after results are announced! Centrica has increased half-yearly profits five-fold (!) and restored a dividend, since before the pandemic. The consequence? The share price has fallen despite wonderful profits and the return of a dividend!!

Halma 1983,

Apart from being a sweeping generalisation that is instantly proven wrong (I hate playing taxes, thereby proving your assertion false), but it is also grossly naive to consider that many do not mind paying taxes.

Grandadtom,

I have asked somebody who has studied Russian to 'A' level and it is 'niet', not "neit".

01012,

As the debates were broadcasts on the BBC Parliament channel, then the facts are known, so yes, must be priced in for sure.

According to Jacob Rees Mogg on Channel Four's 'Andrew Neil Show', legislation for the windfall tax will be put before the House of Commons tomorrow, Monday, July 11th.

Rees Mogg has been reported as saying at Cabinet that he opposes it as he sees it as "socialist". However, due to Cabinet collective responsibility, he is bound to support its passage through Parliament. The Chancellor of the Exchequer who proposed this, Rishi Sunak, is no longer around in Cabinet, so it is not entirely possible that it will be quietly dropped, as the PM and others oppose it. However, with Sunak the favourite to become PM, would it merely be a temporary respite from the inevitable?

Zahawi, I think you will find.

The same man who did a superb job organising the vaccination programme rollout.

TheHotTicket,

China might get the bulk of its supplies of oil from Russia and at below world market prices, so it is not a certainty that the price of oil will increase by much if at all.

Opens down!

8-((

With the share price falling, good to see BP upping the quantity of share buybacks: 9.5m!

I suppose that Government Bonds become more attractive as interest rates rise, making equity investment less attractive. Also, companies needing to borrow to grow or have lots of variable rate loans will find their cost of capital rising and so affecting profits.

BP would appear not to be looking for new, more expensive, loans as it is generating lots of cash currently and has been paying down debts anyway.

How did BP find its shares at 419.35 today? Never noticed the share price that low!