BP sets aside more oil payout cash

BP has set aside an extra $1.4bn (€1.05bn) in compensation for the Deepwater Horizon disaster as it struggles to stem a tide of allegedly spurious claims which it says are inflating its payout bill.

The amount estimated by the company that it needs to compensate individuals and businesses has been increased from $8.2bn to $9.6bn. It was previously $7.8bn.