ADVFN - Advanced Financial Network.
HOME» NYSE » B » BP Stock Price » BP Stock News

Bp Share News

 Bp P.l.c. Stock Price
BP Stock Price
 Bp P.l.c. Stock Chart
BP Stock Chart
 Bp P.l.c. Stock News
BP Stock News
 Bp P.l.c. Company Information
BP Company Information
 Bp P.l.c. Stock Trades
BP Stock Trades

LONDON MARKETS: FTSE 100 Trims Weekly Loss As Resource Firms Gain

By Sara Sjolin, MarketWatch LONDON (MarketWatch) -- Resource firms and banks led the U.K.'s FTSE 100 index higher on Friday, as investors remained optimistic that U.S. monetary policy will remain loose after Federal Reserve Chairwoman nominee Janet Yellen defended the central bank's bond-buying program. The benchmark index rose 0.4% to 6,693.44, trimming its weekly loss to 0.2%. The gain was a continuation of advances seen in global stock markets on Thursday, when Yellen said the benefits of Fed stimulus outweigh the costs and that the central bank will maintain its asset-purchase program until the U.S. economy is stronger. She also eased concerns that bubbles are forming in the equity markets. Investors have worried that some recent upbeat economic data would bring forward the timing of tapering the bank's asset purchases, known as quantitative easing, but the remarks from Yellen calmed fears of an imminent reduction. The biggest gainers on Friday were in sectors that are sensitive to monetary easing and typically rise when investors are willing to take on more risk. Among banks, Royal Bank of Scotland Group PLC (RBS) put on 1%, and HSBC Holdings PLC (HBC) gained 0.6%. In the resource sector, oil giant Royal Dutch Shell PLC (RDSB) climbed 2%, BP PLC (BP) gained 1%, and BG Group PLC added 0.8%. Oil prices were slightly higher. Among miners, Anglo American PLC added 1.4%, BHP Billiton PLC (BHP) rose 1%, and Rio Tinto PLC (RIO) picked up 0.8%. Metals prices were mixed. Bucking the positive trend in the mining sector, shares of Vedanta Resources PLC slid 6.7% after the company said it swung to a first-half loss due to lower commodity prices and a continued ban on iron ore mining in two key Indian states, as well as due to foreign exchange losses and higher net interest expenses. Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Bp (BP)
DateTimeHeadline
08/24/201517:37:00ADRs End Lower; Chinese, Commodities Firms Decline
08/24/201514:19:00Mining, Oil Stocks Feel Market Heat
08/17/201513:59:00BP Says Key Unit at Indiana Refinery Remains Shut
08/13/201518:48:19BP Manipulated Texas Natural Gas Market in 2008, Judge Says...
08/13/201518:42:51BP Manipulated Texas Natural Gas Market in 2008, Judge Says...
08/13/201517:20:08BP Manipulated Texas Natural Gas Market, Judge Says
08/13/201517:10:29BP Manipulated Texas Natural Gas Market in 2008, Judge Says
08/13/201517:00:03U.S. Oil Prices Fall to Six-Year Low
08/12/201516:05:13Oil Prices Bounce, Gasoline Soars on Strong Signs for Demand
08/12/201515:45:17BP: Indiana Refinery's Output Reduced by Shutdown of Damaged...
08/11/201518:35:17BP's Crude Unit Remains Shut at Indiana Refinery -- Sources
08/06/201504:50:03European Stocks Pressured by Weak Energy Sector
08/06/201504:45:12European Stocks Pressured by Weak Energy Sector
08/04/201516:56:06Oil Companies' Spending Cuts Unlikely to Be Enough
08/04/201509:30:00Major Integrated Oil and Gas Stocks Technical Data -- BP PLC...
07/30/201504:41:53Cape Wins GBP9.8 Million Contract From BP
07/30/201504:10:11Centrica to Shrink Oil Business, Slash Jobs
07/30/201503:16:18Subsea 7 Gets $500 Million Contract Offshore Egypt
07/29/201506:06:33Correction to BP Swings to Loss in 2Q on Deepwater Deal, Low...
07/28/201518:38:49ADRs End Higher; Baidu, BP Decline

Bp and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad