MARKET TALK: BP Pushes Higher; Positive Newsflow

6th Jul 2010 10:59

0959 GMT [Dow Jones] BP (BP) shares +3.4% at 344.5p, still gaining after the weekend news concerning the possibility of a strategic investor coming on board, notes David Jones, Chief Market Strategist, IG Index. Today's news that BP won't be issuing any more shares has calmed any nerves brought on by worries that its value would be diluted and keeps the bargain hunters happy, adds Jones. And on top of this, is the boost from an upgrade to buy from RBS, citing a favorable risk/reward balance. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 06, 2010 05:59 ET (09:59 GMT)

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Forgent (FORG)	0.008	2,109,209,884
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