Update filed at market close

BP’s procrastination over whether or not it intends to pay its dividend harmed the company once more today.
The oil giant’s share price tumbled a massive 9.3 per cent as the company’s share price came to rest at 355.5 pence.

Investors remained anxious on both sides of the Atlantic while BP refused to comment on dividend speculation until the completion of talks with shareholders as to whether its second quarter dividend payout will be honoured.

President Barack Obama has been pressuring the company to drop the dividend payments to set aside further funds for the clean up operation resulting from the Gulf of Mexico disaster and to pay for compensation to US residents.

It was a largely bad day for retailers as supermarket group Morrison fell 1.5 per cent at 257.8 pence while Home Retail Group shed 0.9 per cent at 231.5 pence.

On the gains list meanwhile the Miners dominated with Fresnillo extending its gains just under 5 per cent by the close of play today, settling at 1,059 pence ahead of sector mate Kazakhmys, up 4.4 per cent at 1,184 pence.

Anglo American completed the top three line up, up 3.9 per cent at 2,676 pence.

Top ten trades
Monday 14 June 2010
Source: TD Waterhouse

To order free annual reports of the companies below, please click here.

Buy
1. BP, 48.8 per cent
2. Royal Dutch Shell, 8.9 per cent
3. Morrison Supermarkets, 8.9 per cent
4. Lloyds Banking Group, 7 per cent
5. Nautical Petroleum, 3.5 per cent
6. Yell Group, 3.2 per cent
7. Royal Bank of Scotland, 3.1 per cent
8. Gulf Keystone, 2.4 per cent
9. Encore Oil, 2.4 per cent
10. Tesco, 2.4 per cent

Sell
1. Barclays, 24.5 per cent
2. BP, 21.1 per cent
3. Royal Bank of Scotland, 11.2 per cent
4. Xstrata, 9.4 per cent
5. Lloyds Banking Group, 7.6 per cent
6. Rio Tinto, 6.2 per cent
7. Gulf Keystone, 5.7 per cent
8. Vodafone Group, 5.3 per cent
9. Nautical Petroleum, 4.6 per cent
10. Kazakhmys, 4.3 per cent