FTSE Hit By BP Spill Failure, Euro Zone Growth Fears

June 1, 2010  |  

(Reuters) — Britain’s top shares were down heavily by midday on Tuesday, as BP (BP.L) plunged 15 percent after it failed to stem the major oil spill in the Gulf of Mexico and euro zone growth fears weighed on sentiment. By 1108 GMT, the FTSE 100 .FTSE was down 107.17 points or 2.1 percent at 5,081.26.  BP, which has had 44 billion pounds ($63.9 billion) wiped off its value since April 20, accounted for around half of the blue-chip index’s decline after the oil major said its latest attempt to plug or contain the gushing oil well had failed.

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