Tuesday broker round-up
28th Apr 2020 14:21
(Sharecast News) - Sainsbury: Berenberg downgrades to sell with a target price of 170p.
Read moreBP profits slump 66% as Covid-19 'destroys' oil demand
28th Apr 2020 07:00
(Sharecast News) - First quarter profits at BP slumped by 66% on collapsing oil prices and "demand destruction" caused by the coronavirus pandemic although the company still decided to retain a dividend.
Read moreTuesday preview: Federal Reserve, BP in the spotlight
27th Apr 2020 15:12
(Sharecast News) - The focus on Tuesday will be on the US central bank as monetary policymakers in Washington DC start two days of deliberations.
Read moreBP renegotiates terms of $5.6bn Alaska sale
27th Apr 2020 07:49
(Sharecast News) - BP said it had renegotiated the terms of the $5.6bn (£4.5bn) sale of its Alaska business in favour of buyer Hilcorp to take account of volatile markets and the depressed oil price.
Read moreWeekly US oil inventories jump, imports slip
22nd Apr 2020 18:03
(Sharecast News) - US crude oil inventories registered another sharp rise during the previous week, although there were some slight signs that market fundamentals were aligning themselves with the reduced amount of storage capacity left.
Read moreWTI higher as Trump threatens to destroy Iranian gunboats
22nd Apr 2020 15:50
(Sharecast News) - President Trump threatened on Wednesday to destroy any Iranian gunboats that harassed US ships at sea, triggering a so-called 'short squeeze' in US oil futures according to analysts.
Read moreWednesday preview: US oil inventories, Fevertree in focus
21st Apr 2020 16:13
(Sharecast News) - Investors' focus on Wednesday will remain firmly on the oil patch where the US Department of Energy will release its weekly inventory statistics.
Read moreEurope midday: Oil patch weakness offsets news Italy to 'significantly' ease lockdown
21st Apr 2020 13:01
(Sharecast News) - Stocks on the Continent had fallen further into the red in early afternoon trading as investors tried to fathom what might lie in store next for oil markets after the previous day's rout in prices.
Read moreEurope open: Stocks caught in downdraft from oil price collapse
21st Apr 2020 11:07
(Sharecast News) - Stocks on the Continent are trading lower, dragged down by the oil patch as markets price-in the reality of several months of exceedingly weak global oil demand.
Read moreUS oil slides back into negative territory as turmoil continues
21st Apr 2020 11:04
(Sharecast News) - The price of oil for May delivery slid back into negative territory on Tuesday, as modest improvements overnight receded and June contracts started to come under pressure.
Read moreHistoric rout in WTI futures amid fire sale ahead of expiry
20th Apr 2020 21:38
(Sharecast News) - US crude oil futures crashed at the start of the week with the price of West Texas Intermediate falling below zero for the first time ever.
Read moreJP Morgan stays at 'neutral' on Petrofac despite cancellation of Dalma contract
20th Apr 2020 13:00
(Sharecast News) - Analysts at JP Morgan stuck to their 'neutral' recommendation for shares of Petrofac, despite news that the Abu Dhabi National Oil Corporation had cancelled the $1.5bn Engineering, Procurement and Construction for the Dalma Gas Development Project.
Read moreEurope midday: Stocks move lower as WTI oil futures crater
20th Apr 2020 12:48
(Sharecast News) - Early gains for stocks across the Continent have evaporated amid a continued slide in US oil futures and as investors continue to monitor the news-flow around the Covid-19 pandemic.
Read moreAlmost a third of FTSE 100 cut or scrap dividends
15th Apr 2020 12:01
(Sharecast News) - Almost one-third of FTSE 100 companies have cut or scrapped their dividends during the coronavirus crisis, leaving investors relying on 10 companies for two-thirds of the index's likely payouts in 2020, research shows.
Read moreUS import prices drop as energy price crash like in 2008
14th Apr 2020 13:57
(Sharecast News) - The cost of imported goods in the States fell sharply last month as energy prices crashed.
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