BEFORE THE BELL: US Stock Futures Higher On Growth Hopes
14th Jun 2010 12:52
By Steve Goldstein U.S. stock futures rose Monday as confidence returned that global growth won't be curtailed by the European debt crisis but BP shares continued to fall. S&P 500 futures rose 7.5 points to 1,092.50 and Nasdaq 100 futures grew 11.75 points to 1,854.20. Futures on the Dow Jo
Read moreBP Presents Plan To Contain 50,000 Bbl/Day Of Oil -Letter
14th Jun 2010 12:48
LONDON (Dow Jones)--BP PLC (BP) Sunday outlined new plans to the U.S. Coastguard that will allow it to capture between 40,000 and 50,000 barrels of oil a day from the leaking Gulf of Mexico Well by mid-July, according to a letter from the company seen by Dow Jones Newswires Monday. The plans, wh
Read moreSector movers: Engineers motor ahead
14th Jun 2010 12:29
Engineers are going well, with Weir leading the way. The company, which supplies products and services to the mining, oil & gas and power generation sectors, said trading for the nine weeks to 4 June has been stronger than expected, with order output for the 22-week period up 25%. It also confirmed
Read moreLondon midday: BP slows Footsie's climb
14th Jun 2010 12:07
Barely a dozen of the FTSE 100's constituents finished the morning in the red but the blue-chip index's advance was less than convincing, largely due BP being on the end of another battering. The oil disaster in the Gulf of Mexico has now cost BP £1.1bn ($1.6bn) and the pressure on the oil giant is
Read moreUPDATE: No 2Q Dividend Decision Expected Monday -BP
14th Jun 2010 12:06
(Adds background) By James Herron Of DOW JONES NEWSWIRES LONDON (Dow Jones)--No decision is expected from Monday's BP PLC (BP) board meeting on whether it will pay its full second quarter dividend, said a spokeswoman for the company Monday. BP has been subject to immense political pres
Read moreBEFORE THE BELL -2: US HOT STOCKS TO WATCH
14th Jun 2010 11:21
Among the companies whose shares are expected to actively trade in Monday's session is Questcor Pharmaceuticals Inc. (QCOR). Questcor Pharmaceuticals said the U.S. Food and Drug Administration extended the date to approve its injectable drug Acthar for the treatment of infantile spasms. The dru
Read moreNational Grid: LNG Cargo Berths At Isle Of Grain Sunday
14th Jun 2010 11:09
LONDON (Dow Jones)--U.K. natural gas grid operator National Grid PLC (NGG) Monday said the Al Aamriya liquefied natural gas ship berthed Sunday at its Isle of Grain regassification terminal in Kent, southeast England. The Isle of Grain terminal is able to import 9.8 million metric tons of LNG a
Read moreBEFORE THE BELL: US Stock Futures Higher On Growth Hopes
14th Jun 2010 11:08
By Steve Goldstein U.S. stock futures rose Monday as confidence returned that global growth won't be curtailed by the European debt crisis. S&P 500 futures rose 9.5 points to 1094.50 and Nasdaq 100 futures added 14 points to 1856.70. Futures on the Dow Jones Industrial Average rose 78 point
Read moreBP: No Decision On 2Q Dividend Expected At Mon Board Meeting
14th Jun 2010 10:43
LONDON (Dow Jones)--No decision is expected from Monday's BP PLC (BP) board meeting on whether it will pay its full second quarter dividend, said a spokeswoman for the company Monday. BP has been subject to immense political pressure to suspend the payment as oil continues to spill from its well
Read moreMARKET TALK: BP Down On Dividend Concerns And Oil Spill Cost
14th Jun 2010 10:11
0911 GMT [Dow Jones] BP (BP.LN) shares -3.1% at 380p, on concerns about dividend payments and news that the cost of the oil spill so far amounts to USD1.6Bln, traders say. Also, talk that the U.S. government will be pushed to take legal action on BP spooks the market and "would, in effect, make the
Read moreUK MARKET TALK ROUNDUP: SHARES LOSING
14th Jun 2010 10:11
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] 0911 GMT [Dow Jones] BP (BP.LN) shares -3.1% at 380p, on concerns about dividend payments and news that the cost of the oi
Read moreBP:US Oil Spill Response $1.6B To Date; 51,000 Claims Submitted
14th Jun 2010 09:11
By Selina Williams Of DOW JONES NEWSWIRES LONDON (Dow Jones)--U.K. oil major BP PLC (BP.LN) said Monday that the cost of its response to the Gulf of Mexico oil spill so far amounts to $1.6 billion, and more than 51,000 claims have been submitted. The sum includes the costs of the spill r
Read moreLondon open: Miners move higher
14th Jun 2010 08:57
London has opened higher lifted by a late rally on Wall Street on Friday and a good showing by the miners this morning. BP is the worst performer this morning. The oil disaster in the Gulf of Mexico has now cost BP £1.1bn ($1.6bn) and the pressure on the oil giant is likely to intensify over the ne
Read moreMARKET TALK: Nomura Ups European Integrated Oils To Bullish
14th Jun 2010 08:15
0715 GMT [Dow Jones] Nomura upgrades its view on European Integrates Oils to bullish from neutral, within which it reckons the strongest value opportunities look to exist around Repsol (REP.MC), Galp (GALPB.LB), Eni (EN.MI) and BP (BP.LN). Notes as a whole, the group has underperformed European equi
Read moreOil Groups To Distance Themselves From BP - FT
14th Jun 2010 07:40
LONDON (Dow Jones)--The chief executives of the world's biggest international oil companies will testify Tuesday that the BP PLC (BP.LN) oil spill in the Gulf of Mexico "was preventable," publicly distancing themselves for the first time from the U.K. company, the Financial Times reports Monday.
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