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catoismymotor (45.09)

"BP could freeze shareholder payout for three years, say City experts"

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May 25, 2010 – Comments (0) | RELATED TICKERS: BP , RIG , HAL

From The Times

May 25, 2010


BP could freeze shareholder payout for three years, say City experts

Robin Pagnamenta, Miles Costello

The soaring cost of the oil spill in the Gulf of Mexico could force BP to freeze its payout to shareholders for up to three years, City experts said.

Britain’s second biggest company said that the bill to control the leak had increased by more than 20 per cent in the past week to $760 million (£526 million), up from $625 million on May 18.

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