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BP fuel card news: Investor confidence surges in BP

22 July, 10
Investors have shown their confidence in BP by snapping up stock in the company.

According to new data from Barclays Stockbrokers, the UK's largest online execution-only stockbroker, there have been several good trading days related to the company recently.

On July 13th 2010, 23 per cent of all trades executed by the Barclays division's clients were in BP, with 16 per cent of deals on July 19th also linked to the oil giant.

Paul Inkster, head of product at Barclays Stockbrokers, said: "The market volatility witnessed over the last few months may have made some investors take a more cautious approach to their FTSE investments, but this is certainly not putting them off trading."

He added that many are still feeling confident of getting good returns from the FTSE in the next quarter.

Earlier this month, Shokri Ghanem, the chairman of Libya's National Oil Company, said that the country's sovereign wealth fund should look to invest in BP.

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Posted by Nick JenkinsADNFCR-2675-ID-19903505-ADNFCR

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BP fuel card news: Investor confidence surges in BP