FTSE losses deepen after listless US open | 27 April 2021

27 April 2021 | 16:37pm
StockMarketWire.com - The FTSE 100 saw its losses deepen through the course of the afternoon as trading on Wall Street got off to a lacklustre start.
By the close the index was down 0.5% at 6,931.09 while the US S&P 500 was down 3.3 points to 4,184.31 by 4.30pm UK time.
BP reversed earlier gains to trade 0.6% lower at 294.7p on announcing that it would start a $500 million share buyback in the second quarter after its first-quarter profit was boosted by higher oil prices and refining margins.
BP's underlying replacement cost profit for the three months through March jumped to $2.6 billion, up from $791 million year-on-year. It kept its dividend steady at 5.25c per share.

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