BP shares get transition lift in cautious European market | Malay Mail

After sliding as much as 0.6 per cent, the pan-European STOXX 600 index recouped some of the losses in late afternoon trading to close 0.1 per cent lower. ― Reuters pic

BP rose 6.5 per cent even as it cut its dividend for the first time in a decade and recorded a US$6.7 billion quarterly loss. German drugs and pesticides group Bayer slipped 2.4 per cent as moves to settle lawsuits over its Roundup weedkiller contributed to a €9.5 billion loss. “The rate of how rapidly sales were recovering in June ― because that was a much better guide for what will happen in the second half of the year ― has not tended to give enough confidence to upgrade.”

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Gloomy earnings hit European stocks, BP jumps | Malay MailBRUSSELS, Aug 4 — European shares slipped today as disappointing earnings reports from Diageo and Bayer took the shine off a jump in growth-linked cyclical stocks, while investors awaited signs of progress on more US fiscal stimulus. The world’s largest spirits maker, Diageo Plc, slid 6.3 per...
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Gloomy earnings hit European stocks, BP jumps | Malay MailBRUSSELS, Aug 4 — European shares slipped today as disappointing earnings reports from Diageo and Bayer took the shine off a jump in growth-linked cyclical stocks, while investors awaited signs of progress on more US fiscal stimulus. The world’s largest spirits maker, Diageo Plc, slid 6.3 per...
Source: malaymail - 🏆 1. / 86 Read more »