Tue 27 Jul 2010 Europe’s leading exchanges have added to gains in the first half of the day, with banks leading the way after Switzerland’s UBS beat earnings estimates.
Tue 27 Jul 2010 BP fell into losses in the second quarter as the Gulf of Mexico oil spill took its toll. As expected the oil giant announced the departure of Tony Hayward as chief executive.
Tue 27 Jul 2010 Troubled oil group BP has taken a £$32.2bn charge in respect of the Gulf of Mexico oil spill, including the $20bn it has already committed to putting in escrow.
Tue 27 Jul 2010 Oil giant BP has confirmed Tony Hayward is to step down as chief executive of the group on October 1 to be succeeded by fellow executive director Bob Dudley.
Mon 26 Jul 2010 Beleaguered oil giant BP is expected to announce a headline loss when it announces second quarter results on Tuesday as a result of provisions for the Gulf of Mexico crisis, though estimates of how big the loss will be vary, as analysts try to guess whether BP will swallow its poison in one gulp or in small swallows.
Mon 26 Jul 2010 The announcement of second quarter results from beleaguered oil giant BP is likely to be overshadowed by the future of blunder-boss Tony Hayward and the ever mounting cost of the provisions for the Gulf of Mexico oil spill.
Mon 26 Jul 2010 Europe’s main markets are now lower as drugmakers weigh, but banks are still largely higher following the results of the European stress tests.
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