UK MARKET TALK ROUNDUP: BROKERS COMMENTS
16th Jun 2010 09:56
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] 0856 GMT [Dow Jones] BP (BP.LN) shares -0.8% at 339p. President Obama Tuesday accused the company of recklessness in an addre
Read moreMARKET TALK: BP News Centers On Obama Meeting From 1415 GMT
16th Jun 2010 09:56
0856 GMT [Dow Jones] BP (BP.LN) shares -0.8% at 339p. President Obama Tuesday accused the company of recklessness in an address Tuesday, reiterating that he expects the company to side aside cash to cover costs related to the oil spill. However, says Panmure Gordon, the speech revealed little that w
Read morePRESS RELEASE: Fitch Teleconf on BP Downgrade to 'BBB', 16 June; 14:30 BST / 09:30 EDT
16th Jun 2010 09:24
The following is a press release from Fitch Ratings: Fitch Ratings-London/New York-16 June 2010: Further to yesterday's downgrade of BP plc's (BP) ratings, Fitch Ratings will be hosting a teleconference today Wednesday 16 June, 14:30 BST / 09:30 EDT, to discuss the rating action in further deta
Read moreBoskalis To Deliver Sand Berms To Protect Louisiana Coast
16th Jun 2010 09:21
By Maarten van Tartwijk Of DOW JONES NEWSWIRES AMSTERDAM (Dow Jones)--Dutch dredging company Royal Boskalis Westminster NV (BOKA.AE) said Wednesday it will deliver sand berms to protect the Louisiana coast from the oil spill in the Gulf of Mexico. Boskalis, the world's largest dredging c
Read moreLondon open: Early gains for Footsie
16th Jun 2010 08:46
London has made a strong start following last night's 200-point rally on Wall Street. In company news this morning, Sainsbury's has outdone arch rival Tesco in the growth stakes with a 4.6% increase in like for like sales during the first quarter and is apparently doing a roaring trade in Vuvuzela
Read moreBrazil To Review $7 Bln Oil Drilling Deal With BP - UK Times
16th Jun 2010 08:10
LONDON (Dow Jones)--Brazil's oil industry regulator is reviewing a $7 billion deal that would allow the beleaguered oil giant BP PLC (BP.LN) to explore Brazilian deepwater sites and a team of top officials has been sent to Texas to question company officials about the catastrophic oil spill in the G
Read moreLondon pre-open: Rally set to continue
16th Jun 2010 07:39
It looks like being another strong start for London following last night's 200-point rally on Wall Street, with the FTSE 100 looking to make it six up days in a row. US traders piled into stocks after debt auctions in Spain and Belgium attracted decent demand, alleviating some of the fears about an
Read moreObama vows to make BP pay
16th Jun 2010 07:37
US president Barack Obama stepped up the pressure on beleaguered oil giant BP last night with a vow to make the company pay for its "recklessness" in the Gulf of Mexico. In a speech to the US nation using the intimate setting of the White House's Oval Office for the first time, Obama said he would
Read moreWednesday newspaper round-up: BP, Bank tax, Jupiter
16th Jun 2010 06:35
From his desk in the Oval Office, President Obama demanded last night that BP hand over control of compensation payments for the Gulf Coast oil spill and challenged America to break a century of addiction to fossil fuels to ensure that such a disaster never happens again. As official estimates of t
Read moreVietnamese Fishermen, Supporters Protest BP Spill Disaster
16th Jun 2010 02:59
BILOXI, Miss. (AFP)--Dozens of Vietnamese-Americans gathered in sweltering heat here Tuesday to protest the impact of the BP Plc (BP) oil spill on their community, much of which lives off a now polluted sea. More than 80% of the southeast Asian families in the Gulf region work in the seafood ind
Read moreWhite House's Gibbs: BP's Disaster Reponse Plan Was 'Very Insufficient'
16th Jun 2010 02:23
By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--White House Press Secretary Robert Gibbs on Tuesday said it is clear BP Plc's (BP, BP.LN) disaster plan was insufficient to respond to the oil catastrophe that is spewing millions of gallons of oil off the Gulf Coast. Gibb
Read more2nd UPDATE: Obama: BP Oil Spill Like An 'Epidemic'
16th Jun 2010 01:59
(Updates with reactions from viewers in Florida) By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--President Barack Obama on Tuesday said in his debut speech from the Oval Office that the BP Plc (BP, BP.LN) oil spill is an "epidemic" that the nation will be "fighting for
Read morePRESS RELEASE: Response to President Obama
16th Jun 2010 01:34
Response to President Obama A BP spokesperson said: "We share the President's goal of shutting off the well as quickly as possible, cleaning up the oil and mitigating the impact on the people and environment of the Gulf Coast. We look forward to meeting with President Obama tomorrow for a constr
Read moreUPDATE: Obama: BP Oil Spill Like An 'Epidemic'
16th Jun 2010 01:34
(Updates with response from BP) By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--President Barack Obama on Tuesday said in his debut speech from the Oval Office that the BP Plc (BP, BP.LN) oil spill is an "epidemic" that the nation will be "fighting for months and even y
Read moreObama: BP Oil Spill Like An 'Epidemic'
16th Jun 2010 01:17
By Jared A. Favole Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--President Barack Obama on Tuesday said in his debut speech from the Oval Office that the BP Plc (BP, BP.LN) oil spill is an "epidemic" that the nation will be "fighting for months and even years." Obama, in the highly anti
Read more