European Stocks Climb on BP, Standard Chartered Results

The video discusses the stock market's positive performance, driven by earnings from companies like BP and Standard Chartered. BP reported unexpected profits due to strong refining and trading, despite low crude prices. The banking sector faced challenges, with Standard Chartered's profits down significantly, though loan impairments dropped. Major banks like Lloyds, HSBC, and RBS also saw declines. Cobham, an aerospace and defense company, experienced a significant drop in shares due to a profit warning and rights issue.

What was the main factor that helped BP report an unexpected profit?

• Increased crude oil prices

• Strong refining and trading performance

• Higher dividend payouts

• Expansion into new markets

How did Standard Chartered's first quarter profit change?

• Remained the same

• Increased by 64%

• Increased by 24%

• Decreased by 64%

Which bank is set to release its results tomorrow?

• RBS

• HSBC

• Lloyds

• Barclays

What was the percentage drop in Cobham's shares at one stage?

• 17%

• 30%

• 21%

• 18%

What financial action did Cobham announce alongside its profit warning?

• A stock buyback

• A rights issue

• A dividend increase

• A merger