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Stock Market & Financial Investment News

News Breaks
March 4, 2014
08:19 EDTBPBP to establish separate unit for U.S. Lower 48 onshore business
The new separate business for BP's onshore Lower 48 U.S. assets will have separate management, an independent location, and its own governance, processes and systems. BP sees the separation of the unit as an opportunity to improve the competitiveness of its current model. BP sees disclosing financials for the new unit during 2015. Plans for unit disclosed in investor update slides.
News For BP From The Last 14 Days
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September 4, 2015
12:41 EDTBPOptions with increasing volume
Options with increasing volume; MSI NBL CX LB CIE BP COP BGS N FNF ALU OSK
10:00 EDTBPOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: BP (BP) downgraded to Underperform from Neutral at BofA/Merrill... Cameron (CAM) downgraded to Equal Weight from Overweight at Barclays... Caterpillar (CAT) downgraded to Neutral from Outperform at Baird... Ciena (CIEN) downgraded to Hold from Buy at Deutsche Bank... Diana Shipping (DSX) downgraded to Sell from Neutral at UBS... EV Energy (EVEP) downgraded to Underperform from Market Perform at Raymond James... First Connecticut (FBNK) downgraded to Market Perform from Outperform at Keefe Bruyette... NetSuite (N) downgraded to Underperform from Market Perform at Raymond James... Sovran Self Storage (SSS) downgraded to Market Perform at Raymond James... UniCredit (UNCFF) downgraded to Neutral from Overweight at JPMorgan... Vince Holding (VNCE) downgraded to Underperform from Neutral at BofA/Merrill.
07:01 EDTBPBP downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill downgraded BP to Underperform given increasing M&A and dividend risks. The firm does not expect Brent oil prices to recover much beyond $60/bbl until 2018, suggesting BP will have sizeable free cash flow shortfalls for the near future. BofA/Merrill said the company will likely issue equity for M&A deals and cut more capex to fund the dividend.
September 1, 2015
07:40 EDTBPTotal upgraded to Buy from Hold at Deutsche Bank
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August 31, 2015
13:26 EDTBPBP volatility elevated as WTI oil rally's 4% to $47
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August 28, 2015
14:02 EDTBPBP volatility elevated as WTI oil rally's 7.2% to $45.75
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August 27, 2015
12:50 EDTBPPeltz rumored to be building stake in Diageo, Harrington says
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09:11 EDTBPBP volatility elevated as shares trade at five-year low
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August 24, 2015
14:25 EDTBPBP refrains from trip to Iran amid U.S. sanction concerns, FT says
BP has chosen not to join U.K. foreign secretary Philip Hammond's trip to reopen the country's Iranian embassy due to concerns over U.S. sanctions that are still in effect, the Financial Times reports, citing people close to the company. "Sanctions are still in place and we will not do anything while that is the case. We are monitoring the situation and will take a look at the opportunities," said the company, according to the publication. Reference Link
09:23 EDTBPGevo, Butamax enter global patent cross-license, settlement agreements
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August 23, 2015
17:49 EDTBPIran to increase oil production as BP, Shell express interest, Bloomberg says
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