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

  • 📰 malaymail
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 86%

United States News News

United States United States Latest News,United States United States Headlines

LONDON, Aug 5 ― A surge in BP shares after it laid out plans to cut its oil and gas output and boost investments in renewable energy offset disappointing earnings reports including from spirits maker Diageo, although European stocks closed largely flat. After sliding as much as 0.6 per cent, the...

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.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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 »

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 »