FTSE 100 holds onto gains as BP hit by 'final' $5.2bn oil spill charge

UK blue chips up 0.2%

clock • 2 min read

The FTSE 100 maintained positive ground in morning trading today despite BP falling 2.8% as it revealed it had booked a further $5.2bn charge in Q2 for the 2010 Gulf of Mexico oil spill.

By 11am, the UK's blue-chip index was up by 0.2% to 6,721 points, led by BT Group, which rose by 4.9% to 406.45p after regulator Ofcom said its Openreach business did not need to be split off from ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Investment

Partner Insight: When markets narrow, opportunities broaden

Partner Insight: When markets narrow, opportunities broaden

Navigating equity concentration through systematic breadth

Robeco Institutional Asset Management
clock 30 March 2026 • 6 min read
Mobius adds venture capital British Co-Investment Fund to platform

Mobius adds venture capital British Co-Investment Fund to platform

Provides UK schemes with access to VC through Future Planet Capital managed fund

Jonathan Stapleton
clock 27 March 2026 • 2 min read
Church of England Pensions Board to vote against 'climate backtracking banks'

Church of England Pensions Board to vote against 'climate backtracking banks'

Board says move reflects 'longstanding commitment' to act on systemic risks

Michael Holder
clock 26 March 2026 • 5 min read
Trustpilot