Belfast Telegraph

BP shares rise after £4.9bn Deepwater deal

BP shares rose sharply yesterday after its £4.9bn deal with 110,000 businesses and individuals over the Deepwater Horizon disaster.

Its stock rose over 2% to 509p as City analysts said the out-of-court settlement was less than expected.

The US Department of Justice is still bringing a federal negligence case against BP after the blast on April 2010, leaked millions of barrels of oil into the Gulf of Mexico and killed 11 workers.