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BP shares plunge

Posted on June 25, 2010 by bp complaints

BP shares plunge
LONDON – BP’S SHARE price dived under 300 pence (S.24) on Friday for the first time for 13 years after the group said it had spent US.35 billion (S.27 billion) in response to the Gulf of Mexico oil spill crisis. The energy giant’s stock collapsed by almost nine percent in mid morning trading to hit a low point of 296 pence in trading on the London Stock Exchange, as investors fretted about …
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