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

Savers believe pension funds should back infrastructure and UK growth

Savers believe pension funds should back infrastructure and UK growth

Research from IFM Investors suggests public backing for infrastructure investment

Alex Levy
clock 12 October 2026 • 3 min read
M&G launches first LTAF in bid to widen access to private credit capability

M&G launches first LTAF in bid to widen access to private credit capability

Targeting net returns of SONIA plus 5% per annum over five years

Jonathan Stapleton
clock 12 October 2026 • 2 min read
Look to nature for true diversification

Look to nature for true diversification

Tony Dalwood says forestry and agriculture can offer genuinely different sources of return

Tony Dalwood
clock 05 October 2026 • 3 min read
Trustpilot