BP BP Plc

BP PLC is struggling to convince investors it can regain its top position among the world's elite energy players nearly eight years after the Deepwater Horizon disaster.

Chief Executive Bob Dudley has staked his legacy on reversing the company's lost prestige and turning it from a survivor into a stronger, more profitable company than it was before the 2010 oil spill. Since the disaster in the Gulf of Mexico, the company has tumbled from being the biggest oil and gas producer among Western publicly listed companies to third, behind Exxon Mobil Corp. and Royal Dutch Shell PLC.

Shares in BP were last down 1.44% in European trade.

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Capgemini SE (CAP.FR) said Monday that it will acquire customer-engagement company LiquidHub to help reinforce its digital-consulting capabilities in North America and accelerate its portfolio shift in the region.

The French computer-services and technology company said the deal was "totally aligned" with its growth plans in North America.

While neither side disclosed the precise value of the transaction, Capgemini said it will pay around 400 million euros ($498.1 million)--about two times LiquidHub's 2017 revenue--to acquire the company.

Shares in Capgemini were last down 2.09% in European trade.

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Ryanair Holdings PLC (RYA.LN) said Monday that its third-quarter net profit rose 12% as traffic increased, although ticket prices continue to decline.

The largest budget airline in Europe said net profit for the quarter ended Dec. 31 increased to 105.6 million euros ($131.5 million) from EUR94.7 million a year earlier.

The Ireland-based airline said revenue for the quarter rose 4%, even as it carried 6% more passengers.

Shares in Ryanair were last down 2.23%.

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Randgold Resources Ltd.'s (RRS.LN) fourth-quarter pretax profit fell 11% as gold production and sales declined, the miner said Monday.

Pretax profit was $114.3 million compared with $127.8 million a year earlier. Revenue decreased to $328.6 million from $356.4 million, the West Africa-focused gold miner said.

Shares in Randgold were last down 3.57%.

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Tesco PLC (TSCO.LN) said on Monday that it expects operating profit before exceptional items to come in at 1.58 billion pounds ($2.22 billion) for the year ending Feb. 24, and said it intends to propose a final dividend of 2 pence per share.

The British supermarket retailer said business in the period since its Christmas trading update, released on Jan. 11, was in line with its expectations.

Shares in Micro Focus were last down 1.53%.

(END) Dow Jones Newswires

February 05, 2018 10:19 ET (15:19 GMT)

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