Oil giant BP has now sold $20bn worth of assets to help pay for the Gulf of Mexico oil disaster after offloading its majority stake in an Argentina-based company.

BP will today publish the findings of an investigation into the causes of the Gulf of Mexico oil disaster which led to the largest offshore spill in history.

Takeover moves provided the main interest for the London market today despite economic worries hindering progress for the wider FTSE 100 Index.

Shares in BP and Marks & Spencer jumped by more than 2% today as the blue-chip pair overcame a lacklustre session for the wider London market.