Thursday, June 10, 2010
FT.com / Companies / Oil & Gas - Shares in BP slide after New York sell-off
FT.com - Shares in BP slide after New York sell-off:
The potential cost of the crisis, and fresh fears over whether BP will pay its dividend, sent the shares tumbling 11 per cent at the open, although they later recovered some of those losses to stand 5.9 per cent lower at 368.6p.
The falls followed a near-16 per cent drop in New York overnight for the company’s American Depositary Receipts, which have now halved since the accident in late April."
The potential cost of the crisis, and fresh fears over whether BP will pay its dividend, sent the shares tumbling 11 per cent at the open, although they later recovered some of those losses to stand 5.9 per cent lower at 368.6p.
The falls followed a near-16 per cent drop in New York overnight for the company’s American Depositary Receipts, which have now halved since the accident in late April."
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