Do these companies have something in common? Well yes, they have all suffered disasters recently.
On the 20th April 2010 The Deepwater Horizon accident occurred. The rig was owned by BP and their share price fell from £6.55 to £3.24 over the space of 2 months. The shares have since recovered and today stand at £4.37. A rise of 35%.
On the 4th November 2010, a Rolls Royce Trent engined Airbus suffered an un-contained engine failure and was forced to return to Australia. The incident grounded all the Qantas owned Super Jumbo fleet. Continue reading “BP, Rolly Royce, Carnival & Barclays”