Hundreds of billions of pounds were wiped off the value of global chipmakers yesterday after a shock warning from one of the world’s biggest players. BP shares fell 3.9 per cent, or 15.9p, to 392.5p and arch-rival Shell slid 3.4 per cent, or 87p, to 2502.5p. That reduced the value of BP by £2.6billion and Shell by £5.4billion – a total of £8billion in just one session. Stock Watch - De La Rue Shares in De La Rue soared after revealing it would sell its authentication business for £300million to shore up its finances. De La Rue said the sale would help fix its balance sheet by cutting debt and reducing its pension deficit.

Source: Daily Mail October 16, 2024 14:49 UTC