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BP faced with three U.S. trials arising from Texas refinery explosion

Bloomberg

 

 

BAE, Royal Dutch Shell, Ryanair: U.K., Irish Equity Preview 

By Sabine Pirone

June 3 (Bloomberg) — The following is a list of companies whose shares may have unusual price changes in U.K. and Irish markets today. Stock symbols are in parentheses, and prices are from the last market close.

U.K. Companies:

BP Plc (BP/ LN): BP will face all unresolved injury and property damage claims stemming from a deadly 2005 Texas refinery explosion in three trials scheduled to begin this year, a judge ruled. BP fell 3.75 pence, or 0.6 percent, to 604.25 pence.

Royal Dutch Shell Plc (RDSA LN): Motiva Enterprises LLC, a joint venture of Royal Dutch Shell Plc and Saudi Arabia’s state oil company, said it is shutting down its Port Arthur, Texas, refinery after a power disruption. Royal Dutch Shell fell 17 pence, or 0.8 percent, to 2133 pence.

Last Updated: June 2, 2008 21:50 EDT

(The above are extracts from the Bloomberg article)

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