London close: Stocks give up gains to finish in the red
21st Oct 2024 15:48
(Sharecast News) - London stocks ended lower on Monday, after the People's Bank of China made bigger-than-expected cuts to loan prime rates, while UK house price growth stagnated.
Read moreLondon close: Stocks finish week on mixed note
18th Oct 2024 15:20
(Sharecast News) - London's stock markets closed with mixed results on Friday, reflecting a cautious mood as investors reacted to economic growth data out of China, as well as an improvement in UK retail sales.
Read moreBP considering sale of minority stake in offshore wind business - report
18th Oct 2024 11:19
(Sharecast News) - BP is reportedly considering selling a minority stake in its offshore wind business, the latest effort by CEO Murray Auchincloss to scale back the energy company's focus on renewables.
Read moreLondon close: Stocks finish lower as oil prices sink
15th Oct 2024 15:39
(Sharecast News) - London markets ended Tuesday in negative territory, driven primarily by a sharp decline in energy stocks following a drop in oil prices.
Read moreLondon midday: Stocks weaker on UK jobs data, oil prices
15th Oct 2024 10:51
(Sharecast News) - London markets were in the red by lunchtime on Tuesday, as investors responded to ongoing concerns about the UK jobs market, while oil prices fell.
Read moreSunday newspaper round-up: BP, Smith&Nephew, TalkTalk
13th Oct 2024 12:34
(Sharecast News) - Activist investor Bluebell has asked for BP chairman Helge Lund's head due to the oil giant's "embarrassing" share price performance. Whilst Shell or American rivals Chevron and ExxonMobil had doubled down on profitable fossil fuels, BP had followed a green strategy. Reports indicate that BP's new boss, Murray Auchinloss, was looking to pivot back to oil and gas in response to pressure from shareholders. Yet the company had not confirmed those reports and was not due to provide a strategy update until February. - Financial Mail on Sunday
Read moreLondon close: Stocks finish higher on UK GDP growth
11th Oct 2024 15:34
(Sharecast News) - London stocks closed higher on Friday, as investors digested the latest UK GDP figures, while also looking ahead to potential stimulus measures from China, set to be announced over the weekend.
Read moreBP warns weak refining margins to hit Q3 profit
11th Oct 2024 07:06
(Sharecast News) - BP followed sector rival Shell and warned profits would fall by as much as $600m on the back of declining refining margins and oil trading driven by the global slowdown for fuel products and weaker crude prices.
Read moreLondon close: Stocks mixed as oil prices continue rising
7th Oct 2024 15:43
(Sharecast News) - London's stock markets ended Monday on a mixed note, as the ongoing conflict in the Middle East pushed oil prices higher, benefiting energy stocks.
Read moreBP abandons oil output target - report
7th Oct 2024 08:00
(Sharecast News) - BP has abandoned a target to cut oil and gas output by 2030 as chief executive Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, according to three sources cited by Reuters.
Read moreOil prices climb on heightened Middle East fears
2nd Oct 2024 09:14
(Sharecast News) - Oil prices continued to climb on Wednesday, as fears mounted that conflict was set to spread across the Middle East following Iran's missile attack on Israel.
Read moreLondon close: Stocks rise as US jobless claims reach four-month low
26th Sep 2024 15:13
(Sharecast News) - London markets ended Thursday on a positive note, as investors reacted to a four-month low for US jobless claims, and renewed support measures from China.
Read moreBP to sell off US onshore wind arm
16th Sep 2024 15:00
(Sharecast News) - BP is planning to offload its onshore wind division in the US, disposing of interests in 10 assets, according to a statement from the energy titan on Monday.
Read moreApollo invests $1bn into BP's Trans Adriatic Pipeline
16th Sep 2024 09:41
(Sharecast News) - American asset management firm Apollo Global Management has invested in BP's part-owned Trans Adriatic Pipeline as part of a $1bn deal.
Read moreLondon close: Stocks rise on US jobless claims, ECB rate cut
12th Sep 2024 16:25
(Sharecast News) - London's stock markets closed with gains on Thursday, as investors digested an increase in US jobless claims and an interest rate cut from the European Central Bank.
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