UK’s Blue-Chip FTSE 100 recovered in 2021, its best year since 2016, after suffering its worst year since the 2008 financial crisis in 2020. On the last day of the year, it closed 0.3% lower at 7384, up 14.3% for the year. Stocks recovered from some of the Covid-19 pandemic lockdowns and Brexit uncertainty. Other than in Spain, Britain’s top stocks were the poorest performer among the largest European stock indices. FTSE 100 closed at 7384 points on Friday, having … Continue reading “FTSE 100 Recovers in 2021 To Be up 14.3% After 2020 Annus Horribilis”
BP Raises Dividend and Buybacks After Higher Commodity Prices Boost Profits
British oil major BP PLC reported better than expected second quarter earnings Tuesday. $BP approved a dividend hike of 4% & plans to buy back $1.4 billion worth of shares. Higher profit margins at convenience stores in BP’s petrol stations boosted results.
Brexit and Lockdowns See FTSE 100 Have Worse Year Since 2008 in 2020
The UK’s Blue-Chip FTSE 100 suffered its worst year since the 2008 financial crisis in 2020. On the last day of the year, it closed 1.5% lower at 6,460, down 14.3% for the year. Stocks were hit by the Covid-19 pandemic lockdowns and Brexit uncertainty. Other than in Spain, Britain’s top stocks were the poorest performer among the largest global stock indices. The FTSE 100, known as the Footsie, started the year at 7,542 points and closed on New Year’s … Continue reading “Brexit and Lockdowns See FTSE 100 Have Worse Year Since 2008 in 2020”
German DAX and French CAC Lead World Indices Lower on Covid Lockdown Fears
Stock markets tumbled Wednesday as Coronavirus cases surged throughout Europe sending the European stock indices sharply lower. The German DAX – 4.4%, French CAC40 -3.69% and Italian FTSE MIB -3.6% leading the UK, Europe and US indices all into deep red territory.
BP Upstream and Downstream Efficiency Help Offset Lower Oil Price
British Oil major BP PLC reported better than expected second quarter earnings Tuesday. $BP citing the improved efficiencies of both its upstream and downstreams segments in the face of falling oil and gas prices.
No-Deal Brexit More Likely says Fitch After European Elections
Fitch Ratings issued a note following the resignation of UK Prime Minister Theresa May and the strong showing by the Brexit Party in European Parliamentary elections. They opined this increases the risk of a no-deal Brexit with uncertain timing.
BP Beat Earnings On Higher Production, Raises Dividend
British Oil major BP PLC reported better than expected fourth quarter earnings Tuesday. $BP raised it’s dividend as revenue is boosted by surging production. $BP report after fellow majors $XOM, $CVX, RDSA, $COP and $TOT reports.
BP Beat Earnings On Higher Oil Prices, Sees Lower Refining Margins
British Oil major BP PLC reported better than expected second quarter earnings Tuesday. $BP have been continuing it’s share buy back program. $BP reports ahead of fellow majors $XOM, $CVX and RDSA earnings, $COP and $TOT reported last week.
BP Earnings Rise on Upstream Oil and Natural Gas Prices
British Oil major BP PLC reported second quarter earnings Tuesday matching analyst expectations. $BP continued it’s share buy back program. $BP follows fellow majors $XOM, $CVX,$COP, $TOT, $E and $RDSA reports
British Oil Major BP Earnings Highest Since 2014
British Oil major BP PLC reporting first quarter earnings Tuesday beating analyst expectations. $BP also announced a share buy back program. $BP follows fellow majors $XOM, $CVX,$COP and $RDSA reports.