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BP. Bp Plc

526.30
0.70 (0.13%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bp Plc LSE:BP. London Ordinary Share GB0007980591 $0.25
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.70 0.13% 526.30 526.10 526.30 529.60 521.90 523.30 65,532,054 16:35:17
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Petroleum Refining 211.6B 15.24B 0.8934 5.89 89.76B

LONDON MARKETS: FTSE 100 Slips From Record Ahead Of GDP Report

28/04/2015 9:05am

Dow Jones News


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By Carla Mozee, MarketWatch

U.K. stocks fell Tuesday, moving off a record close notched in the previous session, ahead of the release of quarterly growth figures for the country.

The FTSE 100 fell 0.4% to 7,073.30, with only oil and gas, and utilities sectors moving higher. The blue-chip index on Monday (http://www.marketwatch.com/story/ftse-100-moves-lower-but-hsbc-outperforms-2015-04-27) notched a all-time closing high of 7,103.98.

Among Tuesday's decliners, Whitbread PLC fell 1% after the company said Chief Executive Andy Harrison will retire by February 2016 (http://www.marketwatch.com/story/whitbread-ceo-to-retire-2015-profit-rises-2015-04-28). The operator of the Costa Coffee and Premier Inn hotel chains also said profit and revenue rose in fiscal 2015.

But BP PLC (BP) shares rose 0.9% as the oil major said underlying replacement-cost profit for the first quarter came in at $2.58 billion (http://www.marketwatch.com/story/bp-posts-fall-in-profit-as-lower-oil-prices-bite-2015-04-28), above an expected $1.28 billion.

Investors will look for first-quarter gross domestic product numbers from the Office for National Statistics at 9:30 a.m. London time, or 4:30 a.m. Eastern Time. Analysts polled by FactSet expect growth of 0.6% from the fourth quarter of 2014, and expansion of 2.7% from the year-earlier period.

The pound (GBPUSD) was trading at $1.5242, compared with $1.5239 late Monday in New York.

Weak growth "along with the zero inflation rate and the uncertain political outcome in the upcoming elections could result in rate-hike expectations getting pushed back even further. This could put selling pressure" on the pound, said Marshall Gittler, head of global currency strategy, at IronFX Global Ltd., in a note.

The growth figures are the last major reading on the U.K. economy before the May 7 general election.

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