🔴 BP is trading 4% down today on reports it may sell its Lightsource solar unit to refocus on oil

BP is trading 4% down at £526.40 following reports that the company is in advanced talks to sell its Lightsource solar business to refocus capital on traditional oil operations.

• The potential divestment has raised concerns among investors regarding the company's long-term energy-transition strategy and growth profile.
• The decline reflects significant profit-taking after recent gains, despite a generally positive risk-on sentiment observed in broader equity futures.