Market Pulse - Commodities
BP sets net zero targets for 2050 and plans reorganization to deliver
BP set a new ambition on Wednesday, to become a net zero company by 2050 or sooner and is planning a restructuring to deliver on that commitment and become a more focused and integrated company.
Opec blames coronavirus as its cuts forecasts for oil demand
Opec has cut its forecasts for oil demand in 2020, over concerns that the coronavirus outbreak will weigh heavily on the global economy.
Commodities: Brent hovering above 52-week lows despite slowdown in coronavirus cases
Commodity prices were buoyed on Tuesday by data that appeared to show a slowing rate of new coronavirus infections in China and globally.
Number of new coronavirus cases in China slips on Tuesday
The World Health Organisation's latest update on the new China coronavirus, published on Tuesday, appeared to show a further slowdown in the number of new cases in the Asian giant and globally, with those in the former slipping from 3,073 on Monday to 2,484 on Tuesday.
Tesla boosts solar tile roof installations in US and considers expansion
Tesla has ramped up the installation of solar tile roofs in the San Francisco Bay area and is considering expansion to China and to Europe.
Daimler slashes dividend as annual profits slump
Daimler reported a more than 60% dive in annual profits on Tuesday, as the emissions scandal and the ongoing switch away from diesel vehicles rocked the German car giant.
Commodities: Energy futures hit the skids again as coronavirus cases climb
Energy futures were again on the backfoot as the number of Chinese coronavirus cases continued to mount and the head of the world´s health watchdog warned of outbreaks outside of China.
Canaccord Genuity ups target price on TransGlobe Energy
Analysts at Canaccord Genuity upped their target price on development and exploration firm TransGlobe Energy from 235. 0p to 245. 0p on Monday as a result of some increased Canadian production.
US considers stake in Nokia and Ericsson to block Huawei
The US could be considering taking a stake in two big European telecommunications equipment manufacturers Ericsson and Nokia to stave off Huawei's dominance in the space.
Directors deals: Energean directors buy in
OilCo Investments, a vehicle "closely associated" to one of the founding partners of Energean Oil & Gas, Efstathios Topouzoglou, picked up a big batch of shares in the oil and exploration outfit.
Greatland reports potential gold system at Derby North
Greatland Gold said it had found the potential for a major gold mineralised system at its Derby North mine in Australia.
Canaccord Genuity raises target on Petropavlovsk amid rapid de-risking
Analysts at Cannacord Genuity bumped up their target price on shares of gold miner Petropavlovsk from 19. 0p to 22. 0p as the miner's leverage and associated risk decline.
UK aviation industry pledges to reach net zero carbon emissions by 2050
Executives in the UK aviation industry have backed plans to cut net carbon emissions to zero by 2050, in line with the UK Government targets while also accommodating 70% growth in passenger numbers.
Tuesday preview: Coronavirus, BP in focus
The focus on Tuesday was likely to continue to be on the 2019-nCoV coronavirus in China and updates regarding the pace of new infections as traders continued to look for confirmation in the data that they might be slowing.
ShoreCap hails latest WHO situation update, labelling it 'significant positive'
Analysts at ShoreCap hailed the latest situation updates from the World Health Organisation on the 2019-nCov virus or so-called Wuhan coronavirus.