BP shares rocket on takeover rumours

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US - BP shares soared 7% to a six-month high on the FTSE 100 yesterday as compensation payouts for its spill in the Gulf of Mexico looked set to be lower than expected.

Meanwhile rumours Royal Dutch Shell considered a takeover bid for the embattled oil major pushed shares higher. In the first day's trading of the new year, BP shares hit an intra-day high of 498...

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