BP shares rise 3.6% on BP’s exit from $14bn stake in Russian-based oil and gas giant, Rosneft
The Australian market rallied to start the week, closing Monday’s session 0.73% higher at 7049.10 points as a surge in metals and mining stocks boosted the key index on the back of a rise in oil prices again.
The stocks that made headlines today were:
Zip Co and Sezzle Share prices halted after the buy now pay later providers announced that the companies have entered into a definitive agreement under which Zip has agreed to acquire Sezzle in an all-scrip deal by way of statutory merger. Sezzle shareholders will receive 0.98 Zip ordinary shares in the deal valuing Sezzle at $491m.
BP shares rose 3.6% on the London Stock Exchange today after the oil and gas giant announced the exit of its $14m stake, or near 20% stake in Russian oil giant Rosneft over Russia’s invasion of Ukraine. Rosneft accounts for around half of BP’s oil and gas reserves and a third of its production.
And BetMakers shares fell 4.3% today after the betting technology company released first half results including $27.8m loss, up 527% on the prior corresponding period, but revenue grew 473% on the prior corresponding period.
Read the full story
in the Grafa app
To read the full article and more in the Grafa app, available on all app stores.
Track the trends
Get the hot tips first
Stay close to your investments
Learn to trade like a pro
Let your money entertain you