News Headline Summary

BP (BP/ LN) temporarily suspended from new contracts with the US

- EPA says suspension prevents BP from getting new government contracts, grants or other transactions until it meets business standards.
- EPA says suspensions are standard practice when a criminal action raises questions of responsibility.

Reaction details (13:39)

- Co.'s shares moved 0.30% to the downside from GBP 4.31 to GBP 4.295.
- *UPDATE 1338GMT* co.'s shares have now lost around 2.5% moving to GBP 4.20.

28 Nov 2012 - 13:34 - Equities - Source: Newswires

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: