Storm-Damaged Bp Drags Footsie Lower

Summary


SHARE prices lost some of their recent sparkle yesterday as the FTSE 100 index fell 7.1 points, from its strongest level in four years on Monday, to 5,494.4.

It was dragged down by BP after the oil major said it was lowering its third-quarter production estimates because of the recent US hurricanes.

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Storm-Damaged Bp Drags Footsie Lower

BP, the world's second-largest oil firm by market capitalisation after Exxon Mobil, said it expected the storms to cost it more than G...

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