BP shares fall as oil spill clean-up costs reach £1.3bn

BP shares received a fresh battering today as the group revealed that clean-up costs for the Gulf of Mexico oil disaster had climbed to $2bn (£1.3bn) so far.

The blue-chip stock dropped more than 3% amid growing concerns over the ultimate cost of the spill, with reports over the weekend suggesting it was planning to raise $50bn to cover response efforts - more than double the amount previously thought.