Sector movers: Oil producers and mining stocks under pressure
30th Dec 2015 16:00
(ShareCast News) - Commodity producers were under the cosh on Wednesday as oil and metal prices slipped. Oil prices reversed Tuesday's gains with Brent crude down 2.9% to $36.70 per barrel and West Texas Intermediate down 3.07% to $36.74 per barrel. The decline came after the Energy Information Adm
Read moreFriday newspaper share tips: Cash could be returned to LSEG shareholders
18th Dec 2015 10:53
(ShareCast News) - The possibility of cash being returned to shareholders prompted The Times' Tempus to rate London Stock Exchange Group at 'buy long term' on Friday. In a trading statement on Thursday, the FTSE 100 group said equity capital raisings were down 2% to £40bn in "more challenging market
Read moreEquity investors going into 2016 with very little faith, says Barclays
10th Dec 2015 11:52
(ShareCast News) - European investors are going into next year with very little faith in the future, Barclays said in strategy note. The bank expects earnings per share growth of 12% in Continental Europe and 8% in the UK. Barclays said that while European equities feel like a consensus 'long', ove
Read moreNorth Sea oil output set for big boost as Shell and BP's Glen Lyon sets off
10th Dec 2015 10:40
(ShareCast News) - The UK's North Sea oil output is in line for a boost as the Glen Lyon floating production storage and offload (FPSO) vessel set off towards Shell and BP's 450m-barrel Quad204 destination west of Shetland. Shell and BP, which own 54.03% and 36.3% of the Quad204 project respectively
Read moreNew BP director Sawers treats himself to shares
7th Dec 2015 14:37
(ShareCast News) - BP's newly-appointed non-executive director John Sawers bought 13,528 shares in the oil giant at 369p each. Sawers, who was head of the UK Secret Intelligence Service from 2009 to 2014, was appointed to BP's board in May. BP shares were under pressure on Monday as oil prices slum
Read moreFTSE 100 movers: Reports Rolls-Royce reps to meet major shareholder
7th Dec 2015 14:09
(ShareCast News) - The FTSE 100 started the week in the green, up 14.06 points (0.23%) to 6,252.35 by mid-afternoon Monday. Rolls-Royce Holdings led the charge after a report from Sky News that senior representatives of American fund ValueAct will meet the president of Rolls-Royce's aerospace divisi
Read moreBP completes deal to begin new joint venture with Rosneft
30th Nov 2015 09:50
(ShareCast News) - BP has acquired a 20% stake in an Eastern Siberia oil business with Rosneft as the Russian state-controlled oil group looks to further explore and develop one of the largest oil and gas condensate fields in the region. Taas-Yuryakh Neftegazodobycha LLC is already has 50 producing
Read moreBP explores sale of Alabama petrochemical facility
17th Nov 2015 15:06
(ShareCast News) - Oil giant BP is exploring the sale of its petrochemicals complex in Decatur, Alabama, as part of a broader reorganisation of the company's global petrochemicals business. The company said the Decatur complex, which makes chemicals essential for the production of thousands of items
Read moreMorgan Stanley upgrades BP after cost cutting vigour
2nd Nov 2015 10:03
(ShareCast News) - Morgan Stanley has upgraded BP to 'equal weight' from 'underweight' after its third-quarter results surprised on the upside as management continued to attack the cost base "with vigour". BP's results surprised as management indicated upstream operating expenditure had already fall
Read moreBroker tips: Centrica, Aviva, BP
29th Oct 2015 12:58
(ShareCast News) - Citigroup upgraded Centrica to 'buy' from 'neutral', saying it offers one of the best value propositions among the UK utilities. "Despite the potential for short-term headwinds from the CMA energy investigation, with potentially negative headlines on tariffs, an end to evergreen t
Read moreCredit Suisse ups target price on BP
29th Oct 2015 12:29
(ShareCast News) - BP performed well in the run-up to the 'mini Strategy Update' on 27 October, Credit Suisse pointed out on Thursday, but in the end most of the points discussed were neither new nor unexpected. The company´s assertion that 80% of its ´fit for FID (final investment decision)' projec
Read moreWednesday newspaper tips round-up: BP, St.James´s Place
28th Oct 2015 13:38
(ShareCast News) - At what price might BP be forced to cut its dividend? That´s not what matters, the Financial Times´s Lex column said. Indeed, rival Eni reduced its payout but its stock has outperformed that of its rivals so far this year. The UK oil giant told investors that at $60 per barrel it
Read moreLondon close: Stocks drop as third quarter UK GDP slows more than forecast
27th Oct 2015 16:48
(ShareCast News) - London stocks finished on the back foot on Tuesday after a worse-than-forecast slowdown in third quarter UK economic growth. UK gross domestic product rose 0.5% in the third quarter compared to 0.7% in the second quarter, well below estimates for a 0.6% increase, the Office for Na
Read moreLondon open: Stocks decline ahead of UK GDP
27th Oct 2015 08:35
(ShareCast News) - London stocks declined on Tuesday ahead of the release of UK gross domestic product data that is expected to show economic growth slowed in the third quarter. GDP, to be released at 0930 GMT, is forecast to ease to 0.6% in the third quarter from 0.7% in the second quarter. On a ye
Read moreBP profits hit by plunging oil price; announces capex cuts
27th Oct 2015 07:44
(ShareCast News) - BP has reported a sharp fall in third quarter underlying replacement cost (RC) profit to $1.819bn (£1.2bn) from $3.03bn in 2014 as the company revealed the impact of plunging oil prices over the last year. The oil giant also set out plans for maintaining dividend payments through
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