FTSE 100 lifts off as BP profits surge
After slipping last week to a low-point of 7,447, the FTSE 100 has risen again, driven by a flurry of strong third quarter updates.
BP
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Concerns abound as Taylor Wimpey and BP smash H1 results
Taylor Wimpey and BP impressed markets today with their interim results, but sector headwinds and cashflow concerns still remain.
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Is oil-price slide a catalyst for a bigger slump?
Last week’s oil price slump has analysts rattled, with experts questioning the recent gains in the commodity’s prices.
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FTSE 100 surges after Shell and HSBC report
The FTSE 100 smashed the 7,270 mark on Thursday morning after Shell reported earnings growth and HSBC’s profits beat analyst expectations.
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PA ANALYSIS: Is now the time to go overweight oil majors?
The first quarter has proved lucrative for the gargantuan oil companies of Exxon, Chevron and BP. But are their fortunes purely macro-driven or are there other reasons for investors to reconsider the sector?
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BP swings to profit but pricing environment remains a threat
Though BP rebounded from its substantial loss last year and was bullish on the future, analysts question the group’s preparedness to face pricing volatility.
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BP Q3 profits halve while Shell sees benefits of BG acquisition
Shares in BP fell by 3.8% to 465.6p mid-morning on Tuesday, as shares in rival Royal Dutch Shell soared upward by 3.5% to 2188.1p.
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BP profit slide weighs on FTSE
The FTSE 100 was virtually flat on Tuesday at 6721 as BP reported lacklustre numbers.
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Expect lower-for-longer oil as OPEC keeps up production
OPEC announced that the cartel will not cut output at its policy meeting on Friday.
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Rising M&A activity can reverse fund’s fortunes – M&G’s Dobell
Increasing levels of M&A activity can reverse the fortunes of ‘dog fund’ M&G Recovery, according to manager Tom Dobell.
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Buxton reveals all about new role/buys BP
Incoming OMGI chief executive Richard Buxton has stressed the £2.2bn UK Alpha Fund will still account for more than half of his time, addressing fears that his new role could see him lose focus on investment.
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Pick up oil stocks now and reap medium-term rewards – Franklin Templeton
Investors who invest in the flagging oil trade now will reap the rewards five year down the line, according to Franklin Templeton’s Dylan Ball.