BP Seeks To Soften Financial Blow On Its Fuel Retailers
30th Jun 2010 12:36
(This article was originally published Tuesday.) By Naureen S. Malik Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--BP PLC (BP) is expanding financial incentives to its branded fuel marketers facing reduced sales and boycotts as public outrage spreads over the Gulf of Mexico oil spill.
Read moreUPDATE: BP Shares Surge As Market Digests M&A Prospects
30th Jun 2010 12:33
(Adds detail, TNK-BP comment.) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP) shares rose more than 9% Wednesday morning as the market reappraised the embattled company's value as a takeover target once the crisis in the Gulf of Mexico subsides, equities traders s
Read moreHurricane Alex Delays Gulf Oil Clean-Up Efforts
30th Jun 2010 12:01
NEW ORLEANS (AFP)--Hurricane Alex disrupted the BP PLC (BP) oil spill clean-up effort in the Gulf of Mexico on Wednesday as the storm gathered strength and was expected to make landfall. President Barack Obama declared a state of emergency in Texas as Alex strengthened into the first Atlantic hu
Read moreLondon midday: Respectable gains for Footsie
30th Jun 2010 11:58
Gains in London are now approaching respectable, buoyed by strong demand for heavy hitters in the pharmaceuticals and energy sectors. Anglo-Swedish drugs giant AstraZeneca is the best performer after it received a favourable US ruling in its battle to keep control of the patents to its best-selling
Read moreRussia's TNK-BP Applied For Gas Projects In Iraq -Deputy CEO
30th Jun 2010 11:42
MOSCOW (Dow Jones)--Anglo-Russian oil joint venture TNK-BP (TNBP.RS) has applied to develop natural gas fields in Iraq, the company's deputy chief executive, Maxim Barsky, said Wednesday. "We are now participating in gas projects (in Iraq). We have filed the documents," Barsky said. It is up
Read moreRussia's TNK-BP Eyeing BP Assets Abroad - Deputy CEO
30th Jun 2010 11:23
MOSCOW (Dow Jones)--Russia's TNK-BP Holding (TNBP.RS) is interested in acquiring BP PLC (BP) assets abroad, Deputy CEO Maxim Barsky said Wednesday. The Russian oil major--which was created in 2003 by the merger between BP's Russian and Ukrainian assets and those of several Russian conglomerates,
Read moreBP Shares Up More Than 9% As Market Digests M&A Prospects
30th Jun 2010 11:18
By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--BP PLC (BP) shares rose more than 9% Wednesday morning as the market reappraised the embattled company's value as a takeover target once the crisis in the Gulf of Mexico subsides, equities traders said Wednesday. "The JPMorgan n
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
30th Jun 2010 10:49
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] 0949 GMT [Dow Jones] BP (BP.LN) climbing higher, currently +8.5% at 329p. A trader notes the "fantasy M&A" note by JPMorga
Read moreMARKET TALK: BP Climbing Higher; M&A Possibilities In Focus
30th Jun 2010 10:49
0949 GMT [Dow Jones] BP (BP.LN) climbing higher, currently +8.5% at 329p. A trader notes the "fantasy M&A" note by JPMorgan Cazenove, released on Tuesday, citing Exxon Mobil (XOM) and Royal Dutch Shell (RDSB.LN) as possible candidates to launch offers for BP. The brokerage says: "We question why the
Read moreMARKET TALK: BP Shares Up, But Analysts See No Driver
30th Jun 2010 09:15
0815 GMT [Dow Jones] BP (BP) shares rise more than 6% Wednesday morning, though analysts say there are no specific drivers for the performance so far. "It's a pleasant surprise, but perhaps just a short-term move," says one. Cites Tuesday's speculation on a possible M&A as well as less than worst ca
Read moreUK MARKET TALK ROUNDUP: SHARES GAINING
30th Jun 2010 09:15
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] 0815 GMT [Dow Jones] BP (BP) shares rise more than 6% Wednesday morning, though analysts say there are no specific drivers
Read moreLondon open: Steady opening for blue chips
30th Jun 2010 08:56
London has stabilised after the pounding for share prices on both sides of the Atlantic. Anglo-Swedish drugs giant AstraZeneca is the best performer after it received a favourable US ruling in its battle to keep control of the patents to its best-selling cholesterol-lowering drug Crestor. BP is a
Read moreWednesday's newspaper round-up: Budget cuts, BP, AstraZeneca
30th Jun 2010 06:42
George Osborne's austerity budget will result in the loss of up to 1.3m jobs across the economy over the next five years according to a private Treasury assessment of the planned spending cuts. Unpublished estimates of the impact of the biggest squeeze on public spending since the second world war
Read moreUPDATE: Alex Strengthens Into Hurricane In Gulf Of Mexico
30th Jun 2010 04:35
(Adds details.) MIAMI (AFP)--Authorities issued warnings in Texas and northeastern Mexico as Alex strengthened into a hurricane--the first of the 2010 Atlantic season--late Tuesday in the oil-stained Gulf of Mexico. The Miami-based National Hurricane Center said "additional strengthening is
Read moreU.S. Coast Guard Sets Up Safety Zone Around Oil Spill Operations
30th Jun 2010 03:56
DOW JONES NEWSWIRES The U.S. Coast Guard has established a safety zone to prevent vessels coming within 100 meters of Deepwater Horizon oil spill booming and response efforts in Southeast Louisiana, the Deepwater Horizon Incident Joint Information Center said in a statement Wednesday. "The
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