BP Rises 1% Despite Blocked Rosneft Deal
BP shares are up 1.01% to $47.95 in midday trading, despite a UK court ruling that blocked the company's plans for a tie-up with Russia's Rosneft. The oil company also posted profit below market expectations. BP's partners have won an injunction blocking a plan for a share swap and exploration deal with Rosneft, according to Reuters.
Credit: Financial News Network
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