Oil major BP Plc reported a 62 percent fall in first quarter profits on Tuesday, due to a collapse in oil and gas prices, but beat all analysts' forecasts. Europe's second-largest oil company by market value said its replacement cost (RC) net profit fell to $2.39 billion from $6.59 billion last year. Excluding one-offs items, which amounted to a net charge of $194 million, the result was $2.58 billion, ahead of an average forecast of $2.28 billion from a Reuters poll of seven analysts.

ATK UBS: upgraded to buy from neutral, tp raised to 650 from 450
BARC Nomura: upgraded to buy from reduce, tp raised to 320 from 111
BP. NCB: buy, tp 560
BRBY Morgan Stanley: equalweight, tp raised to 431 from 270
CNA Morgan Stanley: downgraded to underweight from equalweight, tp cut to 280 from 330
EZJ Citigroup: downgraded to hold from buy, tp raised to 370 from 360
GOG JP Morgan: underweight, tp raised to 1084 from 998
LLOY Nomura: reduce, tp raised to 64 from 42
RBS Nomura: reduce, tp raised to 35 from 20
RYA Citigroup: tp raised to 3.80 from 3.30
STAN Nomura: buy, tp raised to 1080 from 800

Midday Market Overview

House builders have been marked down heavily today

End-of-day Market Overview