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
07/22/201413:12:47EUROPE MARKETS: FTSE Hits 2-week High As Oil Shares Rise Across...
07/22/201410:05:24EUROPE MARKETS: Oil Shares Drive Higher In Europe; Publicis Slides
07/22/201406:41:02EUROPE MARKETS: Oil Shares, ARM Drive Gains In European Markets
07/11/201408:30:35North Sea Maintenance Means August Crude-Oil Loadings to Fall...
07/09/201412:26:38EUROPE MARKETS: U.K.'s FTSE 100 Yanked Lower By Insurers
07/09/201405:18:09EUROPE MARKETS: European Markets Head For Fourth Day In Red
06/26/201416:42:53Egypt to Repay Some of the Billions Owed to Energy Firms
06/25/201416:23:57LONDON MARKETS: U.K. Stocks Fall As Part Of Global Equity Slump
06/25/201416:18:29India Defers Decision On Raising Gas Prices
06/25/201416:17:32India Defers Decision On Raising Gas Prices By 3 Months
06/25/201416:13:22LONDON MARKETS: U.K. Stocks Pull Lower As Part Of Global Equity...
06/25/201405:44:11Reabold Resources Investing Policy Implemented, Trading Restored
06/19/201412:29:17LONDON MARKETS: FTSE 100 Scores Best Day In Almost Two Weeks
06/19/201406:07:12LONDON MARKETS: FTSE 100 Eyes Its Best Day Since April
06/18/201417:07:21ADR Shares End Higher
06/18/201403:58:09Reliance Industries To Invest $30 Billion in Three Years
06/17/201417:52:14ADR Shares End Mixed; Yingli Green Shares Active
06/16/201416:22:37Despite Ukraine, Exxon's Tillerson to Appear With Rosneft's Sechin
06/16/201406:22:19LONDON MARKETS: U.K. Stocks Slip For Second Day As Pound Rallies
06/16/201404:30:07Global Oil Consumption Outpaces Production

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