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BP misses on Q1 earnings- FTSE 100 edge slightly lower
The Q1 results from the UK based oil giant BP have just been released and they have surprisingly missed on forecasts for the top and bottom line and by quite some margin too. That said, the Oil giant still plans a massive share buyback, of some £1.75 billion and that might help the stock to not fall by too much on the opening. That remains to be seen though and right now it is not denting the opening outlook for the FTSE 100 either. The index is still on track to set fresh records today, but these results from BP might just take the edge off that, when live trading resumes in less than an one hour.
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