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Workers shovel oil from the BP oil spill which made landfall in Gulf Shores, Alabama June 12, 2010

BP lining up £5bn fund for oil spill

BP are in the process of talking with investment banks Blackstone Group LP, Goldman Sachs Group Inc and Credit Suisse Group AG, and now HSBC as it emerged that a £5bn war chest is being prepared.
A woman is seen through a car window as she walks past the London Stock Exchange

FTSE 100 up as BP shares rally after progress on oil leak

The FTSE 100 rose in morning trading on Friday thanks to gains by BP after the energy giant succeeded in putting a containment cap on the source of an oil leak which has been described as the greatest ecological disaster to face the USA in its history.
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