No bonus for BP boss

BP has not paid its chief executive a bonus in the wake of the Gulf of Mexico oil spill, its annual report revealed today, but two senior directors will receive combined payouts worth nearly £700,000 (€817,117) on top of their regular salaries.

Chief financial officer Byron Grote and chief executive of refining and marketing Iain Conn were awarded £380,000 (€443,578) and £310,000 (€361,866) respectively for hitting targets in their area of the business.