Belfast Telegraph

Friday 19 December 2014

BP may be on road to recovery

The Week Ahead

Is it time to take a look at BP's shares again?

BP will report its final results today and Iain Reid at Jefferies has a look at the group after its latest fine from US authorities as a result of the Deepwater Horizon disaster. Mr Reid feels there is potential for new, profitable production growth though he prefers Shell's "solid dividend."

Wednesday

Broker Hargreaves Lansdown is expected to report strong inflows with Numis Securities predicting them to rise 16.7%.

Thursday

Sir Stuart Rose seems to have been collecting chairmanships since he stepped down as Marks & Spencer's executive chairman, adding the fashion chain Fat Face to a portfolio – which includes Ocado – last weekend.

His dual role at M&S sparked corporate-governance concerns and now as chairman of the online grocer some wonder what he can do for the group that has never made a profit. The shares are still around half what they were at flotation in 2010. Clive Black at Shore Capital rates them a sell at 95p.

Friday

Platinum mining has been a pretty bleak place for the past year. However, Aquarius Platinum seems to be turning a corner. On Friday it reveals its interim results and analysts think an upgrade in the firm's forecasts will be required now it has reported four quarters of improvement.

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