This morning's trading is again being influenced by oil stocks. This time, however, it is largely as a result of dividend payouts and a storm approaching the Gulf of Mexico.
The FTSE 100 index is currently down 29.5p or 0.68% to 4,321.4 thanks to falls in Jarvis, BP and Shell Transport & Trading shares. Shell Transport & Trading also said it is evacuating 500 non-essential workers in the Gulf of Mexico and shutting some oil and gas production while a tropical storm in the Gulf passes through the region. Its share price dropped 10p or 2.5% to 391.5p. BP is making similar moves to evacuate at least 40% of its staff from the Gulf of Mexico but also revealed new shareholders will not get the latest dividend payout. Selling was quickly the priority as a resul...
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