Sector movers: Big Oil proves biggest drag amid demand concerns
20th Aug 2024 16:30
(Sharecast News) - Big Oil was the biggest drag on the FTSE 350 amid concern about global oil demand.
Read moreLondon close: Stocks finish lower as oil prices retreat
20th Aug 2024 15:33
(Sharecast News) - London's stock markets ended the day in negative territory on Tuesday, pressured by declines in energy stocks as oil prices fell.
Read moreOPEC trims oil demand growth forecasts for 2024 and 2025
12th Aug 2024 13:25
(Sharecast News) - The Organisation for Petroleum Exporting Countries trimmed its forecast for oil demand growth in 2024.
Read moreLondon close: Stocks finish higher as miners pace gains
31st Jul 2024 15:04
(Sharecast News) - London's stock markets ended the day with strong gains on Wednesday, driven by robust performances in the mining and energy sectors.
Read moreLondon close: Stocks mixed after barrage of corporate updates
30th Jul 2024 15:32
(Sharecast News) - London stocks ended the day mixed on Tuesday as investors navigated a wave of earnings reports and anticipated upcoming key announcements from the Federal Reserve and the Bank of England.
Read moreBP unveils more share buybacks after beating Q2 profit forecasts
30th Jul 2024 07:10
(Sharecast News) - BP swung into the red on a reported basis in the second quarter as a result of $2.77bn of so-called "adjusting items", but that didn't stop the energy giant from beating market forecasts on an underlying basis and unveiling another $1.75bn share buyback programme.
Read moreSector movers: Defensives gain on mixed day, investors gird for BoE, Big Tech
29th Jul 2024 16:21
(Sharecast News) - FTSE 350 stocks trade mixed at the start of the week with Defensive issues on the rise whilst geopolitics and concerns around economic growth overseas weighed on Travel and Personal Goods.
Read moreLondon close: Stocks finish mixed at start of busy week
29th Jul 2024 15:35
(Sharecast News) - London stocks closed with mixed results on Monday, reflecting a cautious market sentiment ahead of a busy week of earnings reports and crucial policy announcements from major central banks on both sides of the Atlantic.
Read moreTuesday preview: Euro area inflation readings, BP in the spotlight
29th Jul 2024 15:05
(Sharecast News) - Investors' focus on Tuesday would be on a raft of euro area economic data due out covering both activity and inflation during the month of July and the second quarter in the case of the latter.
Read moreDrivers pay £1.6bn too much in weak petrol market - CMA
26th Jul 2024 07:16
(Sharecast News) - The Competition and Markets Authority (CMA) reported on Friday that weakened competition among fuel retailers had led to UK drivers paying over £1.6bn more than they should have in 2023.
Read moreLondon close: Stocks slide on China data, Burberry warning
15th Jul 2024 12:46
(Sharecast News) - London stocks ended Monday in negative territory, influenced by weaker-than-expected Chinese GDP figures and a profit warning from luxury fashion house Burberry.
Read moreLondon close: Stocks slip as investors digest Powell's comments
9th Jul 2024 15:24
(Sharecast News) - London stocks ended in negative territory on Tuesday, driven by concerns over a decline in retail sales and the impact of comments from US Federal Reserve chair Jerome Powell.
Read moreBP to take up to $2bn in impairments in Q2, sees flat production
9th Jul 2024 07:04
(Sharecast News) - BP said it would take a hit of up to $2bn in the second quarter relating to asset impairments along with a hit to margins and lower profits from oil trading.
Read moreBP implements hiring freeze, refocuses on oil and gas
27th Jun 2024 11:58
(Sharecast News) - BP has implemented a hiring freeze and halted new offshore wind projects, it was reported on Thursday, as part of a strategic shift under new chief executive officer Murray Auchincloss.
Read moreOPEC keeps global oil demand forecasts unchanged
11th Jun 2024 13:31
(Sharecast News) - The Organisation of the Petroleum Exporting Countries kept its short-term global oil demand forecasts unchanged.
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