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BP posts $485m Q1 loss
The weak oil price pushed exploration and refining giant BP to a $485m first quarter replacement cost loss, compared with a profit $2. 1bn profit in the same period last year.
London pre-open: Stocks seen touch higher as oil recovers
London stocks were expected to open a little higher on Tuesday as oil prices recovered.
St James’s Place inflows up; Whitbread full year profit and revenue rise
London’s FTSE 100 is seen starting 12 points higher than Monday’s close at 6,272.
Tuesday newspaper round-up: BHS pensions, housing costs, small businesses
The UK pensions regulator is investigating events around the collapse of BHS after the retail chain fell into administration after 88 years on the high street, putting 11,000 jobs at risk. After the UK’s biggest retail failure since Woolworths folded in 2008, the regulator confirmed it was carrying out a probe of whether Sir Philip Green, the former owner of the BHS, should be forced to inject more funds into the retailer’s pension scheme to plug a half a billion pound deficit.
St James's Place Q1 gross inflows up 16%
Wealth manager St James's Place said first quarter gross inflow of funds under management increased by 16% to £2. 45bn from £2. 11bn.