A pretty picture to add to my article on BP shares and their impact on the FTSE:
Click to see that impact in full
(Source: Telegraph)
Graph: BP’s effect on the FTSE index
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{ 2 comments… read them below or add one }
is there any mileage in the notion that bp should delay the dividend just to assist in fighting off any takeover attempts.
the us senate has ramped up even further today. in effect they behaving like shorters or something
Yes, definitely. The shocking political ranting in the US means BP has to do something. Perhaps it should put £20 billion in a ring-fenced fund, so Obama can say he’s secured something. The trouble is it’s waited a while to do it, which means the cost of raising money has risen for BP.