Bp Tumbles Again After Ratings Agency Decision ; Citybulletin
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Summary
THE FTSE-100 Index maintained its positive start to the week yesterday, despite a fresh blow to BP after ratings agency Fitch slashed its debt to near-junk status amid fears over the impact of the Gulf of Mexico spill.
The oil giant tumbled another 4% or 13.45p to 342p as BP also faced demands for it to set aside $20bn (pounds 13.5bn) in a special account to pay for damages and clean-up costs as a result of the Gulf of Mexico disaster.See the full content of this document
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Bp Tumbles Again After Ratings Agency Decision ; Citybulletin
The FTSE-100 Index survived the latest BP sell-off, rising 15.7 points 5217.8, as US stock...
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