Investing.com -- Here's a rundown of the highlights from regulatory news releases at the London Stock Exchange on Tuesday, 29th October. Please refresh for updates.
Underlying replacement cost profit, BP’s preferred measure of the health of its business, fell to $2.3 billion from $3.8 billion a year earlier due to lower oil prices, hurricane impacts and maintenance costs.
The company said it’s still on track to sell $10 billion of non-core assets this year. It said it would suspend scrip dividend payments, while buybacks would return the share count to its 2017 level by the end of the year. The quarterly dividend was 10.25c. Net debt remained unchanged.
- Infrastructure group John Laing (LON:JLG) said it had completed the acquisition of a 30% interest in the Ruta del Cacao road project in Colombia for 62 million pounds ($80 million).
It has also bought a 35% stake in Hurontario Light Rail Transit ('LRT') PPP project in Canada for 13 million pounds