BP to pay £2.8bn over oil spill

BP is to pay £2.8bn to US authorities to settle claims relating to the Deepwater Horizon oil spill disaster in the Gulf of Mexico in 2010 - the largest fine in US history. Two supervisors will face manslaughter charges over the deaths of 11 people.

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BP shares drop slightly after Deepwater agreement

BP shares dropped 0.4% to 425.4p after the Deepwater Horizon agreement announcement just before the market close.

But the stock had been higher earlier in the session as investors saw the deal removing some of the uncertainty hanging over the stock since the disaster.

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