BP posts $485m Q1 loss
26th Apr 2016 07:19
(ShareCast News) - The weak oil price pushed exploration and refining giant BP to a $485m first quarter replacement cost loss, compared with a profit $2.1bn profit in the same period last year. Underlying replacement cost profit was $532m for the quarter, compared with $2.57bn a year ago and well ab
Read moreMonday broker round-up
18th Apr 2016 14:31
(ShareCast News) - Thomas Cook: Berenberg upgrades to hold with a target price of 105p and Goldman Sachs reiterates sell with a 94p target. Rightmove: Investec upgrades to buy with a target price of 4400p. Spirax: RBC downgrades to sextor perform with a target price of 3700p. Polymetal: Deutsche B
Read moreFriday newspaper round-up: Brexit, BP, HMRC, tax evasion
15th Apr 2016 07:25
(ShareCast News) - The British economy will be weaker, its international influence will be reduced and the EU will be damaged if the UK votes to leave the bloc in June, the White House said on Thursday. Speaking ahead of a visit to the UK next week by Barack Obama, senior administration officials in
Read moreShareholders vote against BP boss's pay
14th Apr 2016 12:05
(ShareCast News) - BP shareholders have voted against the proposed £13.8m pay award for chief executive Bob Dudley after a year of huge losses, with the oil giant pledging to consult with major shareholders and make a new proposal. At the FTSE 100 group's annual general meeting, just 40.89% of inves
Read moreThursday newspaper round-up: RBS, ITV, Tata, BP
14th Apr 2016 07:23
(ShareCast News) - George Osborne will have to consider selling the public stake in Royal Bank of Scotland at a loss because keeping it in the public sector is bad for the bank and the economy, the outgoing head of the Treasury has claimed. Sir Nick Macpherson said it was "going to be tricky" for th
Read moreWednesday newspaper round-up: Retailers, Tata, Reckitt, BP
13th Apr 2016 07:17
(ShareCast News) - Many leading UK retailers have websites that require "serious attention" to make them safe against cyber attacks, according to new research that reveals how well stores are dealing with the rising threat from hackers and online criminals. Matalan faced particular criticism over
Read moreBP and CNPC sign shale gas production sharing contract
31st Mar 2016 12:29
(ShareCast News) - London-listed oil giant BP and China National Petroleum Corporation (CNPC) have signed a production sharing contract (PSC) for shale gas exploration, development and production in the Neijiang-Dazu block in the Sichuan Basin, China. The contract, which covers approximately 1,500 s
Read moreBP CEO Dudley's pay package jumps 20% in 2015
4th Mar 2016 12:23
(ShareCast News) - BP's chief executive Bob Dudley saw his pay package jump 20% in 2015 to $19.6m (£13.9m) even though the company reported its worst annual loss in 20 years as oil prices slid. In its annual report, the oil giant said Dudley's pay rose from $16.4m in 2014. Excluding pension and reti
Read moreBP non-execs including veteran Bergmans to stand down
25th Feb 2016 14:58
(ShareCast News) - Two non-executive directors at oil and gas giant BP will not be seeking re-election at the company's annual general meeting scheduled in April. In a statement to the London Stock Exchange on Thursday, BP said veteran Antony Burgmans will be stepping down following 12 years of serv
Read moreFTSE 100 movers: Miners lead index back over 6000
22nd Feb 2016 14:16
(ShareCast News) - The FTSE 100 was back over 6,000 points on Monday, with the index up 106.09 points (1.78%) to 6,056.32. Miners led the market as commodity price were boosted following the recent rally in global equities. Anglo American was at the top of the list on reports that the company may s
Read moreSunday newspaper round-up: Bank funding, North Sea oil tax, HSBC, Anglo
14th Feb 2016 17:39
(ShareCast News) - The European Central Bank and its London counterpart have held talks after the Bank of England raised the alarm over the potential threat of a funding crisis in the banking sector. Three senior London bankers have told the Sunday Times that their normal efforts to raise money from
Read moreWednesday newspaper share tips: BP dividend a luxury for investors
3rd Feb 2016 12:24
(ShareCast News) - Despite BP shares plummeting after its worst results is over 20 years, The Telegraph's Questor didn't think it was a buying opportunity. The oil company held its quarterly dividend at 10 cents a share as $2.6bn of write-downs and restructuring charges sent it crashing into losses
Read moreFTSE 100 movers: BP leads market fallers on losses
2nd Feb 2016 14:13
(ShareCast News) - The FTSE 100 was back below 6,000 on Tuesday, dropping 151.22 points (2.5%) to 5,908.88 by mid-afternoon. BP took the biggest hit after $2.6bn of write-downs and restructuring charges sent it crashing into losses for the fourth quarter and full year. A $3.31bn loss was reported f
Read moreLiberum cuts targets on wide swathe of oil sector firms
2nd Feb 2016 12:33
(ShareCast News) - Analysts at Liberum cut their share price targets for a wide swathe of the London-listed oil sector after taking into account the sharp shift lower in futures prices over the last four months. Worries about demand conditions in China and Europe, together with the threat of growing
Read moreLondon pre-open: Stocks seen lower as attention turns to construction data
2nd Feb 2016 07:30
(ShareCast News) - London stocks are expected to open weaker on Tuesday, as investors look to the release of UK construction data. The FTSE 100 is seen starting 36 points lower than Monday's close at 6,024. "The latest manufacturing PMI numbers out of the UK showed a modest pickup in economic activ
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