FTSE 100 movers: BP pushes index lower
14th Jul 2010 15:42
Shares in BP have dipped for the first time this week and this is pushing Footsie lower. BP has delayed a pressure test on the newly installed well cap in the Gulf of Mexico and there are reports that US politicians want to look into the company's activities in Libya. Derivatives trader ICAP re
Read moreUPDATE: BP Not Ready To Perform Test On Cap For Broken Well
14th Jul 2010 15:05
(Adds that drilling has been temporarily stopped on relief well) By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP PLC (BP, BP.LN) isn't ready to perform a test that could see if a recently placed sealing cap can completely shut the flow from its runaway well in the Gulf of
Read moreFed Urges Banks To Help Customers Affected By BP Oil Spill
14th Jul 2010 15:01
By Sarah N. Lynch Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Financial institutions whose customers are affected by the BP PLC (BP, BP.LN) oil spill should try to expedite loans, ease credit terms and consider waiving late fees and penalties, U.S. banking regulators said Wednesday. T
Read moreLondon afternoon: Drift lower continues
14th Jul 2010 14:54
A soft start on Wall Street has seen London slide further into the red although there do remain some bright spots. Chief among them is chip designer ARM, which has been lifted by Intel's record results announced last night. Goldman Sachs has responded to Intel's results by upping its price target
Read moreBP Still Not Ready To Perform Test On Fitness Of Broken Well
14th Jul 2010 14:31
By Susan Daker Of DOW JONES NEWSWIRES HOUSTON (Dow Jones)--BP Plc (BP, BP.LN) isn't ready to perform a test that could see if a recently placed sealing cap can completely shut the flow from its runaway well in the Gulf of Mexico, a company vice president said Wednesday morning. The well
Read moreRefinery Status: Valero Restarts FCCU At McKee Texas Refinery
14th Jul 2010 13:30
DOW JONES NEWSWIRES The following table lists unplanned and planned production outages at U.S. refineries as reported by Dow Jones Newswires. The information is compiled from both official and unofficial refining sources and doesn't purport to be a comprehensive list. Valero Energy Corp. (V
Read moreRefinery Status: Valero Restarts FCCU At McKee -2-
14th Jul 2010 13:30
was relatively minor and any delay to related FCCU would be minimal. Entire plant is in turnaround. Work began early March. CVR Coffeyville 115.0 New ultra low sulfur gasoline
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
14th Jul 2010 12:38
Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 1138 GMT [Dow Jones] The new oil well cap installed by BP (BP.LN) is just the first step in what will continue to be a len
Read moreMARKET TALK: BP Still Has Long Road To Travel - Arbuthnot
14th Jul 2010 12:38
1138 GMT [Dow Jones] The new oil well cap installed by BP (BP.LN) is just the first step in what will continue to be a lengthy and expensive process for the company, says Dougie Youngson, analyst at Arbuthnot. Says there is still a difficulty in determining the ultimate long-term liabilities for thi
Read moreUPDATE: US Officials Order Delay In Vital Oil Well Test
14th Jul 2010 12:30
(Updates with BP cautioning about untried deep-sea techniques) NEW ORLEANS (AFP) -- BP Plc (BP) was poised Wednesday to carry out a make-or-break test on the integrity of the leaking Gulf of Mexico oil well, following a delay imposed by U.S. authorities. The former Coast Guard chief leading
Read moreLondon midday: ICAP leads the slide
14th Jul 2010 12:04
London looks like it is pausing for breath after the recent good run that has seen the FTSE 100 index advance by 8% over the last week. As has been the case every day this week, BP is in focus but the slant on the news today is downwards. The company has delayed a pressure test on the newly instal
Read moreN AMERICAN MORNING BRIEFING: Stocks Seen Up Amid Intel Cheer
14th Jul 2010 11:39
DJIA Futures 10327.0 +39.0 +0.4% S&P 500 Futures 1094.1 +4.4 +0.4% Nasdaq Futures 1858.0 +15.5 +0.8% Above are as of 0615 ET FTSE 100 5244.8 -26.2 -0.5% Xetra DAX 6190.9 -0.2 -0.0% CAC40 3623.8 -14.0 -0.4% Above are as of 0
Read moreUS senators call for BP-Lockerbie link probe
14th Jul 2010 09:23
BP has delayed a pressure test on the newly installed well cap in the Gulf of Mexico while senators now want the US government to look into the company's activities in Libya. US senators last night called for a probe into whether BP pressed for the Lockerbie bomber to protect a lucrative deal with
Read moreLondon open: Modest gains for Footsie
14th Jul 2010 08:49
Footsie has made progress after a cautious start, though BP's recent good run has come to an end while derivatives broker ICAP is lower after a cautious statement. BP has delayed a pressure test on the newly installed well cap in the Gulf of Mexico while reports today said US politicians now want t
Read moreWednesday newspaper round-up: BP, BT, GlaxoSmithKline
14th Jul 2010 06:39
Democratic senators in the US are calling for an investigation into BP's business interests in Libya, accusing the British oil company of being part of a deal to free a convicted terrorist in return for oil licences. BP has faced a slew of Congressional investigations following its catastrophic oil
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