David Camerons: BP said profits for the quarter had risen by 34 per cent to $3.64 billion 2.14 billion from a year earlier. This came on the back of $1 billion of profits from its investment in Rosneft, nearly five times higher than a year ago, according to The Independent. The warning about Russia comes days after the country threatened to seize the assets of UK firms as a retaliation against David Camerons demand for tough sanctions and The results came as it warned any further international sanctions imposed on Russia over Ukraine and the MH17 plane crash could have a material adverse impact on the company. However, despite BP announcing an 8.3 per cent increase in the dividend to 9.75 cents, the shares fell 2.66p to 494.19p.
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Tagged under international sanctions, Russia topics.