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:

- 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.

Print 13:34, 28 Nov 2012 - FTSE 100 - Source: Newswires