BEFORE THE BELL: US Stock Futures Down As Bank Reform Deal Met
25th Jun 2010 11:22
By Steve Goldstein U.S. stock futures declined Friday as Congressional negotiators reached agreement on sweeping reforms intended to reduce the chances of another banking sector implosion. Futures on the Dow Jones Industrial Average fell 27 points. S&P 500 futures sipped 3 points to 1067.50
Read moreBroker snap: BP needs short-term funding solution
25th Jun 2010 11:15
Nomura Securities said the market could be bracing itself for what it calls 'a near term credit event around BP', and that the speculation is 'highly damaging' for the embattled oil company. "Creating a scenario that puts near-term liquidity (of US$11bn-plus) at risk looks remote; however we recogn
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS -2-
25th Jun 2010 10:18
0720 GMT [Dow Jones] Morgan Stanley downgrades Halfords (HFD.LN) and Kingfisher (KGF.LN) to equalweight from overweight; it keeps its Halfords target at 540p but cuts Kingfisher to 225p from 240p. Even before the budget, there were signs UK consumer spending was under pressure, notes Morgan Stanley.
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
25th Jun 2010 10:18
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0918 GMT [Dow Jones] The threat of a tropical storm heading toward BP's (BP) stricken Deepwater Horizon rig is subsiding, poi
Read moreMARKET TALK: Storm Threat To BP Rig Might Be Overblown
25th Jun 2010 10:18
0918 GMT [Dow Jones] The threat of a tropical storm heading toward BP's (BP) stricken Deepwater Horizon rig is subsiding, points out Olivier Jakob of Petromatrix. There is a 60% chance of a tropical storm forming in the next 48 hours as an area of low atmospheric pressure meets the Yucatan peninsula
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
25th Jun 2010 10:18
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0918 GMT [Dow Jones] The threat of a tropical storm heading toward BP's (BP) stricken Deepwater Horizon rig is subsiding, poi
Read moreMARKET TALK: BP Faces Threat In Gulf From Tropical Storm Alex
25th Jun 2010 10:05
0905 GMT [Dow Jones] BP (BP) shares are -7.1% at 302p, partly amid concerns that the development of a tropical storm may delay efforts to contain the Gulf of Mexico spill, says Peter Hutton of NCB Stockbrokers. "If tropical storm Alex were to cross into the Gulf of Mexico, BP will want to be cautiou
Read moreMARKET TALK: Nomura Cuts BP Target Price; Keeps At Buy
25th Jun 2010 09:44
0844 GMT [Dow Jones] BP (BP) -6.3% at 305p, as spends GBP2.35B to date on the Gulf of Mexico spill. The company's 5-yr CDS also widen to 555 bps, according to Markit, up 19 bps on the day. Nomura also cuts its price target to 465p from 593p, saying a heavy inversion of both credit yield and equity v
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
25th Jun 2010 09:44
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] 0844 GMT [Dow Jones] BP (BP) -6.3% at 305p, as spends GBP2.35B to date on the Gulf of Mexico spill. The company's 5-yr CDS
Read moreUPDATE:BP Spent $2.35B To Date On Oil Spill;Cleanup Continues
25th Jun 2010 09:20
(Adds details) By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Embattled oil major BP PLC (BP) said Friday it has spent $2.35 billion to date to clean up, contain and payout claims and grants to the states on the Gulf of Mexico that have been impacted by the U.S.'s largest
Read moreLondon open: Healthy start for blue chips
25th Jun 2010 08:56
London has shrugged off Dow Jones' triple-digit fall overnight and made decent headway this morning. Banks are higher after a jam-packed financial stability report from the Bank of England that covered everything from savings ratios to the threat of the eurozone. The market sems to have focused on
Read moreBP Spent $2.35B To Date On Oil Spill;Oil Collection Continues
25th Jun 2010 07:43
By Alex MacDonald Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Embattled oil major BP PLC (BP) said Friday it has spent $2.35 billion to date to clean up, contain and payout claims and grants to the states on the Gulf of Mexico that have been impacted by the U.S.'s largest oil spill. BP s
Read moreLondon pre-open: No sign of Wall St. hangover
25th Jun 2010 07:43
After the Dow Jones suffered a triple-digit fall overnight there were fears that London might go the same way, but traders are predicting the FTSE 100 will open a little higher, up 16 points at 5,116. BP has spent another $350,000 (£234,000) on the Gulf of Mexico oil disaster since Monday, taking t
Read moreBP Collected 16,830 BOE On June 23 From Gulf Spill
25th Jun 2010 07:08
LONDON (Dow Jones)--BP PLC (BP.LN), a global energy company, said Friday two systems continue to collect oil and gas flowing from the Deepwater Horizon's failed blow-out preventer and transport them to vessels on the surface, and on June 23, a total of 16,830 barrels of oil were collected or flared
Read moreBP leak now costs £1.6bn
25th Jun 2010 07:06
BP has spent another $350,000 (£234,000) on the Gulf of Mexico oil disaster since Monday, taking the total cost to date up to $2.35bn (£1.57bn) and the number of people dealing with the response effort to some 37,000. The oil giant has paid over 39,000 of the 74,000 compensation claims filed worth
Read more