Hargreaves Lansdown Stockbrokers: Oil giant BP today warned that further international sanctions on Russia could have a "material adverse impact" on the company, according to The Independent. Richard Hunter, head of equities at Hargreaves Lansdown Stockbrokers, said another solid quarter from the company "underlined BP status as a stock which is well on the way to recovery" and Britain admitted the measures would inflict pain on the City of London, but said they should be seen in the context of the deaths of nearly 300 passengers on the MH17 flight. The company, which continues to grapple with the costs of the Gulf of Mexico oil disaster in 2010, which left 11 workers dead and sparked the worst oil spill in US history. The total charge recognised to date stands at 43 billion US dollars 25.3 billion .
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Tagged under adverse impact, international sanctions topics.