		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p><a href="http://londonglossy.com/wp-content/uploads/2010/12/ftse-100-gains-despite-bp-setback.jpg"><img class="alignnone size-full" title="FTSE 100 Index was up 11.3 points at 5893.5 in early trading" src="http://londonglossy.com/wp-content/uploads/2010/12/min-ftse-100-gains-despite-bp-setback.jpg" alt="FTSE 100 Index was up 11.3 points at 5893.5 in early trading"/></a></p>
<p>BP&#8217;s share price recovery was brought to a halt on Thursday after the US government announced it will sue the company over the Gulf of Mexico oil spill.</p>
<p>The energy giant, which faces penalties as high as 21 billion US dollars (£13.4 billion) if found fully liable for damages in the lawsuit, fell almost 3% or 12.95p to 463.6p as the stock reversed strong gains earlier this week.</p>
<p>BP&#8217;s slide failed to prevent the FTSE 100 Index from edging into positive territory, up 11.3 points to 5893.5 during thin pre-Christmas trading.</p>
<p>Stocks in the utility sector were among those making progress, with British Gas owner Centrica up 4.5p to 334.8p and Severn Trent 16p higher to 1446p.</p>
<p>In a quiet session for corporate news, Sports Direct International lifted almost 3% in the FTSE 250 Index after it posted a sharp rise in half-year profits to just over £100 million and said it had cut debt by 25%.</p>
<p>The performance, which was driven by a 10% rise in revenues from its retail estate, was slightly better than City expectations and triggered a share price improvement of 3.9p to 149.9p. Rival firm JD Sports Fashion failed to benefit as its shares slipped 1p to 910p.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68eed9c46d653">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68eed9c46d653',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
