(Sharecast News) –
On the corporate side of things, oil major BP was scheduled to publish its third quarter results.
The company had previously guided towards flat third quarter upstream production in comparison to the previous three months.
Oil and gas output were both seen lower while that from lower carbon energy was seen higher.
But the reason why the shares had underperformed rival Shell’s likely had more to do with the recent forced change in leadership at the company, alongside the resignation a few weeks later of its US head, said Michael Hewson, chief market analyst at CMC Markets UK.
“This uncertainty at the top of the UK’s second biggest oil company perhaps helps explain why BP’s share price has underperformed, while the jury remains out as to whether any new CEO will persevere with the “Performing while Transforming” of Bernard Looney.”
Tuesday 31 October
FINALS
Up Global Sourcing Holdings, Essensys
Q3
BP, NCC Group, Georgia Capital
TRADING ANNOUNCEMENTS
Coca-Cola HBC AG (CDI), TP Icap Group
AGMs
Newmark Security PLC, Tlou Energy Limited (DI), City of London Inv Trust, Real Good Food, Indus Gas Ltd., New Energy One Acquisition Corporation, Bowen Fintech
GMs
Gail (India) Ltd GDR (Reg S)
FINAL DIVIDEND PAYMENT DATE
FIH Group
INTERIM EX-DIVIDEND DATE
Banco Santander S.A.
INTERIM DIVIDEND PAYMENT DATE
Ediston Property Investment Company, Amedeo Air Four Plus Limited Red Ord NPV, European Assets Trust, Life Science REIT, Wynnstay Group, Troy Income & Growth Trust. Balanced Commercial Property Trust Limited, Lowland Investment Co, Kings Arms Yard VCT
QUARTERLY PAYMENT DATE
CT Private Equity Trust
UK ECONOMIC ANNOUNCEMENTS
BRC Shop Price Index (00:01)
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Import Price Index (GER) (07:00)
Retail Sales (GER) (07:00)
GDP (Preliminary) (EU) (10:00)
Employment Cost Index (US) (12:30)
House Price Index (US) (13:00)
Chicago PMI (US) (13:45)
Consumer Confidence (US) (14:00)
