London afternoon: Basel boost for banks
27th Jul 2010 14:32
Banking stocks have wrenched attention away from BP this morning, with the major UK banks lifted by strong figures from European peers Deutsche Bank and UBS and also by rumours that banking regulator the Basel Committee is set to lower its minimum capital and liquidity requirements. Barclays, Lloy
Read moreBP's Pension Board Ups Company Health Checks
27th Jul 2010 14:14
By Mark Cobley Of FINANCIAL NEWS The governing board of BP's multi-billion pension scheme in the U.K. has stepped up its financial scrutiny of its parent following the Gulf of Mexico oil spill--news that has emerged as the oil group posted a $17 billion quarterly loss thanks to the costs of
Read moreBP's Dudley: May Permanently Kill Gulf Well Sunday-CNBC
27th Jul 2010 13:41
DOW JONES NEWSWIRES Incoming BP PLC (BP) chief executive Bob Dudley Tuesday said the company may be able to permanently kill its well in the Gulf of Mexico by Sunday and is "optimistic" that there will be no more oil leaking from the well. In an interview on CNBC, Dudley also said he is lo
Read moreUPDATE: BP's Dudley Pledges Sweeping Safety Improvements
27th Jul 2010 13:34
(Updates with Dudley quotes, reaction from US lawmaker) WASHINGTON (AFP)--Bob Dudley, BP Plc's (BP) chief executive officer-designate, vowed Tuesday to "change the culture" of how the company tackles safety issues following the Gulf of Mexico oil spill disaster. Dudley, until now in charge o
Read moreBP's Dudley, Hayward To Visit Russia, Meet Officials, Partners
27th Jul 2010 13:15
MOSCOW (Dow Jones)--BP PLC's (BP.LN) new chief executive designate Robert Dudley and outgoing incumbent Tony Hayward will travel to Russia to meet with government officials and BP's business partners in Russia, a company spokesman said Monday. The date of the visit will be announced later, said
Read moreOil India: GAIL, Indian Oil, ONGC, Oil India To Jointly Bid For BP Vietnam Assets
27th Jul 2010 13:07
NEW DELHI (Dow Jones)--Four Indian state-run oil companies--GAIL (India) Ltd. (532155.BY), Oil India Ltd. (533106.BY), Oil & Natural Gas Corp. Ltd. (532155.BY) and Indian Oil Corp. Ltd. (530965.BY)--will jointly bid for BP PLC's (BP) energy assets in Vietnam, Oil India chairman Nayan Mani Borah said
Read moreBP CEO Dudley Vows Sweeping Safety Improvements
27th Jul 2010 12:52
WASHINGTON (AFP) -- Bob Dudley, BP Plc's (BP) new chief executive officer, vowed Tuesday to "change the culture" of how the company tackles safety issues following the Gulf of Mexico oil spill disaster. Dudley, until now in charge of BP's Gulf clean-up operations, will become the group's first U
Read moreBEFORE THE BELL: US Stock Futures Higher: Strong DuPont Report
27th Jul 2010 12:43
By Polya Lesova Stock futures pointed Tuesday to another day of gains on Wall Street, as strong earnings from chemical firm DuPont and European banks including UBS and Deutsche Bank buoyed market sentiment. Traders also digested news of a $17.2 billion quarterly loss at oil giant BP, which
Read moreUS House Leaders Propose Lifting Liability Limits On Oil Cos
27th Jul 2010 12:37
(This article was originally published Monday.) By Tennille Tracy and Siobhan Hughes Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--U.S. House Democrats unveiled a bill Monday that would eliminate the cap on damage claims that BP PLC (BP, BP.LN) and other oil companies would have to pay
Read moreTNK-BP Shareholder Welcomes Dudley As Chief Despite Spat
27th Jul 2010 12:17
MOSCOW (Dow Jones)--TNK-BP International (TNBP.RS) billionaire shareholder German Khan said Monday he will "welcome" Robert Dudley as the new chief of parent company BP PLC (BP.LN), despite public disputes with his former boss at TNK-BP that soured Russian-British relations. "We fully support th
Read moreEuropean midday: UBS figures boost banks
27th Jul 2010 12:12
Europe's leading exchanges have added to gains in the first half of the day, with banks leading the way after Switzerland's UBS beat earnings estimates. Investors also focus on BP. The oil giant confirmed Tony Hayward is to step down as chief executive of the group on 1 October to be succeeded by f
Read moreMARKET TALK: S&P Equity Research Cuts BP Price Target
27th Jul 2010 11:45
1045 GMT [Dow Jones] S&P Equity Research cuts BP (BP.LN) price target to 610p from 640p to reflect the latest Gulf of Mexico liabilities. Notes the company has announced record 2Q '10 losses due to non-operating charges from the gulf incident. However, S&P notes clean EBIT (excluding gulf charges) r
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
27th Jul 2010 11:45
Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1045 GMT [Dow Jones] S&P Equity Research cuts BP (BP.LN) price target to 610p from 640p to reflect the latest Gulf of Mexi
Read moreIndia Official: Oil & Natural Gas Corp, Petro Vietnam To Bid For BP's Vietnam Assets
27th Jul 2010 11:33
NEW DELHI (Dow Jones)--India's Oil & Natural Gas Corp. Ltd. (500312.BY) and Petro Vietnam will jointly bid for BP Plc's (BP) assets in Vietnam, India's oil secretary said Tuesday. "We met with the prime minister of Vietnam and we had said we will work with Petro Vietnam (to buy BP's stake). We a
Read moreN AMERICAN MORNING BRIEFING: Stocks Seen Up, Dow Eyes 10,600
27th Jul 2010 11:17
DJIA Futures 10496.5 +38.5 +0.4% S&P 500 Futures 1114.3 +4.8 +0.4% Nasdaq Futures 1895.1 +7.6 +0.4% Above are as of 0600 ET FTSE 100 5385.4 +34.3 +0.6% Xetra DAX 6217.7 +23.5 +0.4% CAC40 3665.9 +29.7 +0.8% Above are as of 0
Read more