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UK Backs BP Over 'Excessive' US Ban on Contract Deals -- Report

The U.K. government is backing BP PLC (BP) in the dispute over the oil company's future in the U.S., calling the ban that stops it from winning federal contracts "excessive," reports the Financial Times Wednesday. BP has been barred from U.S. government contracts since the Deepwater Horizon disaster in 2010 but the paper quotes the U.K. as saying in a filing to court that the ban "affects jobs and pensions of workers in the United Kingdom, the United States, and elsewhere." The U.K. has previously made behind the scenes intervention. The FT says the move threatens to escalate the issue from a dispute involving a private company to a transatlantic diplomatic row, although Downing Street officials said the intervention was made on purely business grounds. Full story: http://www.ft.com Write to London bureau at generaldesklondon@dowjones.com

Stock News for Bp (BP)
DateTimeHeadline
08/28/201414:17:01European Stocks Hit by Renewed Ukraine Tensions -- 3rd Update
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08/19/201405:21:57LONDON MARKETS: U.K.'s FTSE 100 Climbs For Fifth Day After Inflation...
08/19/201404:04:07LONDON MARKETS: U.K.'s FTSE 100 Climbs For Fifth Day Ahead Of...
08/12/201412:39:22LONDON MARKETS: Prudential Shares Rise In Flat Day For FTSE
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08/11/201412:49:43LONDON MARKETS: U.K. Stocks Rise; Rio Tinto Among FTSE Leaders
08/11/201411:09:17LONDON MARKETS: U.K. Stocks Rise As Geopolitical Tensions Ease
08/08/201413:00:07LONDON MARKETS: FTSE 100 Logs Weekly Loss, Hits Four-month Low
08/08/201412:58:12LONDON MARKETS: FTSE 100 Heads To Weekly Loss, Fourth-month
08/08/201409:58:39BP Recalls Australian Trucks After Deadly Crash
08/06/201418:55:33CST Brands to Acquire General Partner of Lehigh Gas Partners
08/04/201407:51:25LONDON MARKETS: HSBC Shares Lead Climb In U.K. Stocks
08/04/201407:21:01BOE Policy Maker Spencer Dale to Join BP
07/31/201408:17:42LONDON MARKETS: Shell's Gain Curbs Losses For The FTSE 100
07/31/201403:53:55LONDON MARKETS: Shell Boosts FTSE 100 After Earnings Double
07/30/201412:21:53EUROPE MARKETS: Peugeot, Barclays Among Major European Movers...
07/30/201412:12:15EUROPE MARKETS: Russia Sanctions Hit Europe Stocks, But Spain...
07/30/201405:10:05Total to Review Russia Sanctions
07/30/201404:27:17Total Avoids Investor Ire Over Russia Business, So Far -- Market...

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