London close: Investors play it safe ahead of Fed meeting
28th Jul 2015 17:56
(ShareCast News) - The selling pressure let up ahead of the start of a two-day policy meeting from the US Federal Reserve, with some investors braced in case the post-meeting statement sprang any surprises. The FTSE 100 finished the session higher by 0.77% to the 6,555.28 mark, alongside a similar b
Read moreFTSE 100 movers: RSA rockets, Hikma higher
28th Jul 2015 14:35
(ShareCast News) - London's primary index was holding onto its gain by mid-afternoon on Tuesday, boosted by deals and deal talk. At 1415 BST, the FTSE 100 was up 0.81% to 6,557.62, with only a dozen of the blue chip constituents in the red. As soon as markets opened, RSA Insurance moved to the top
Read moreBP posts 64% decline in second-quarter profits
28th Jul 2015 08:32
(ShareCast News) - BP has reported a 64% slump quarterly profits as the low oil price and fallout from the 2010 Gulf of Mexico oil spill continued to dent its takings. In trading update on Tuesday, the company said second-quarter replacement cost profit came in at $1.31bn, compared to $3.63bn rec
Read moreMonday tips round-up: Royal Dutch Shell, BP, GSK and Anglo American
27th Jul 2015 11:45
(ShareCast News) - There is an inevitable dividend question hanging over the two big oil companies, the Times' Tempus column said. Royal Dutch Shell and BP, both reporting this week, offer among the best yields in the market, in excess of 6%. If the payments are maintained, they remain attractive i
Read moreLondon close: Stocks drop on lack of fresh Greek proposals
7th Jul 2015 16:37
Failure by Greece to present a new cash-for-reforms package to Eurozone finance ministers sent UK stocks firmly lower on Tuesday, with heavyweight mining shares bearing the brunt of an aversion to risk and sell-off in metal prices. Despite hopes that Athens would table a new plan an at emergency sum
Read moreFTSE 100 movers: Defensives gain, miners sold off as risk appetite wanes
7th Jul 2015 15:16
Defensive sectors such as real estate and pharmaceuticals were performing well while commodity stocks were falling on Tuesday, with investors reducing their appetite for risk as European leaders met in Brussels to discuss Greece's future. Stocks which tend to hold up better in times of economic inst
Read moreLondon midday: Stocks weaken ahead of Greek summit as crisis continues
7th Jul 2015 11:14
Oil and gas stocks dragged the UK equity market lower on Tuesday after the recent plunge in crude prices, as investors showed caution ahead of a key Eurozone summit on Greece. The FTSE 100 was down 0.13% at 6,526.92 by midday, with Rolls-Royce providing a further drag as the stock extended losses fo
Read moreLondon open: Stocks inch lower ahead of key Greek summit
7th Jul 2015 09:15
UK stocks were trading slightly lower on Tuesday morning as investors awaited news from a meeting of Eurozone officials to discuss fresh proposals from Greece. The FTSE 100 was down 0.17% at 6,524.60 early on with oil and gas stocks out of favour following the recent plunge in crude prices. Stocks
Read moreFTSE 100 movers: Rolls-Royce leads blue chips lower after profit warning
6th Jul 2015 15:09
London's blue chips were trading firmly in negative territory on Monday in the aftermath of the Greek public's decision to reject creditors' bailout proposals, with Rolls-Royce and a host of commodity stocks providing a drag. Engine maker Rolls-Royce had trimmed losses by the afternoon but was still
Read moreBP's outlook upped to 'positive' by Moody's on proposed US settlement
6th Jul 2015 12:07
Ratings agency Moody's has changed BP's ratings outlook to 'positive' following the oil major's announcement of an $18.7bn agreement in principle to settle all the main US federal, state and municipal claims against its wholly-owned subsidiary, BP Exploration and Production (BPXP), related to the Ma
Read moreBroker Tips: BP, FirstGroup, 888 Holdings, Ladbrokes, BAE Systems
3rd Jul 2015 11:30
Goldman Sachs raised its price targets on BP to 376p from 364p and $34.5 from $33.1, respectively, following the company's settlement over the 2010 Gulf of Mexico oil spill, but retained its 'sell' rating on the stock saying the fundamentals remain challenged. However, it noted that while this will
Read moreGoldman raises BP price target; keeps at 'sell' saying fundamentals still challenged
3rd Jul 2015 10:47
Goldman Sachs raised its price targets on BP to 376p from 364p and $34.5 from $33.1, respectively, following the company's settlement over the 2010 Gulf of Mexico oil spill, but retained its 'sell' rating on the stock saying the fundamentals remain challenged. "Removing much of the uncertainty aroun
Read moreJPMorgan upgrades BP to 'overweight' on Gulf of Mexico settlement
3rd Jul 2015 07:52
JPMorgan Cazenove upgraded BP to 'overweight' from 'neutral' and raised the price target to 475p from 450p following the company's unexpected settlement on Thursday over the 2010 Gulf of Mexico oil spill. "Whilst our estimate of remaining Macondo related liabilities falls by less than $2bn (only 7p/
Read moreLondon close: BP leads UK stocks higher, but other markets slip
2nd Jul 2015 16:44
Decent gains from blue chips BP and Dixons Carphone helped UK markets to rise on Thursday, bucking the negative trend seen across Europe as investors started to trim positions ahead of a pivotal weekend for Greece. With Greece confirming its intention to hold a referendum on Sunday, and the country'
Read moreBP rallies after saying it will settle over 2010 Gulf of Mexico spill for up to $18.7bn
2nd Jul 2015 13:35
Shares in BP rallied nearly 4% on Thursday after the company said that it has reached agreements in principle to settle all federal and state claims arising from the 2010 Gulf of Mexico oil spill at a cost of up to $18.7bn spread over 18 years . The company's US Upstream subsidiary, BP Exploration a
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