Shares take a leap as BP temporarily caps the leakage of oil
BP shares jumped by more than 5 per cent yesterday after thebeleaguered energy giant said it had temporarily stopped oil flowing into the Gulf of Mexico.
The stock dipped below 300p at one stage last month – its lowest point since August 1996 – but has recovered to around 425p amid signs that it is closer to tackling the crisis.
The four main public sector pension schemes in Yorkshire all have multi-million pound investments in BP.