- Both BP and Shell have published the results of a bad first quarter in the last few days
Stocks in the largest oil and gas producer in the UK have caused losses at the London Stock Exchange over the past month, because US trade tariffs have shaken the global market.
But FTSE 100 has now re -scratched a profit of 0.1 percent since April 2 – ‘Liberation Day’ President Donald Trump – because investors have been interested in the ‘defensive’ quality of the Blue -Chip London index.
BP has become the largest logger of the FTSE 100 index, with a decrease in 20.7 percent, while Shell is the third largest logger, after decreasing by 14.2 percent.
The couple, who has issued the results of the first quarter in the last few days, has seen shares under pressure from lower oil prices because trade tension has burdened the global economic prospects.
A barrel of Brent crude oil worth $ 61.8, a monthly decline of 11.8 percent, while the Futures of West Texas Crude Oil 12.2 percent lower at $ 59.8 per barrel.
ITHACA’s energy stock has also suffered, down 18 percent, but Harbor Energy shares have done even worse than BP and Shell, plummeted around 30 percent.
Less Energy: Stocks in the largest oil and gas producer listed in the UK have fallen for the past month amid President Donald Trump from the global trade system
Only the John Wood Group oil field service provider experienced greater offspring among the FTSE 250 company, diving by 40 percent despite receiving appointments after a rival based in Dubai Sidara made an offer of takeover.
Other stocks that have experienced a massive decline are 4 Imprint Groups and Watches of Switzerland, which dive immediately after the Trump ‘Liberation Day’ Rates.
Paul Moody, Chairman of the merchandise seller of 4 -IMPRINT, warned that additional import duties could affect sales after recognizing that the company’s order intake was a little weaker in January and February.
For Swiss watches, the US government’s plan to impose a 31 percent tariff on Swiss products – although currently suspended – seriously threatens the health of the luxury goods market.
The top riser of FTSE 100 in April was led by B&M and Supermarket Rebound
The biggest decline in FTSE 100 in April was led by the Energy Giant BP and Shell
The Blue-chip index and London Mid-Cap did last a few hot days after Rose Garden Trump’s speech, with FTSE 100-Footsie-experienced the worst day of trade since Pandemi Covid-19.
However, the British market finally found land, and Footsie is currently in a consecutive victory for two weeks thanks to part of the popularity of retail shares.
The B&M discount chain has been the strongest player of the Blue-chip index over the past month, up 23.5 percent.
Stocks began to surge after the group said in mid -April that they expect annual profits to exceed the middle range of guidelines due to new store openings and strong trade in France.
B&M was followed in second place by Sainsbury, which had grown by 16.1 percent. Other retailers among the ten strongest players are JD Sports, Tesco, and B&H Kingfisher owners.
In the FTSE 250, Currys was peak of the list with an increase of 27.5 percent; The Electricals increase the prospect of income for the second time this year after attracting solid sales during the Black Friday and Christmas period.
But lacking like footsie, ten mid-cap companies that grew the fastest representing various sectors, from the financial provider of motor close brothers to the JD Wetherspoon pub chain and low-cost airlines WIZZ Air.
Susannah Streeter, Head of Money and Market at Hargreaves Lansdown, commented: ‘Investors seem to have a taste for the defensive nature of the index, because they continue to show a little more vigilance for US assets that are at risk of remaining more unstable given the erratic policy making in the White House.’
The biggest Riser of FTSE 250 in April was led by Electronic Mirror Curry
The biggest decline in FTSE 250 in April was led by Wood Group and Harbor Energy
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