BP shares plummet to 14-year low in US on dividend fears

BP depositary shares trading in New York fell more than 15% to close at $29.20 - meaning the company's share price has now almost halved since the Louisiana oil spill began on 20 April. Shares had already fallen more than 17p, or 4.2%, to 391.55p in London trading. BP stock is traded on the New York Stock Exchange after the FTSE 100 closes. The US government yesterday signaled it will take legal action to force BP to stop paying a dividend to shareholders. Associate Attorney General Thomas Perrelli said the Justice Department was "planning to take action" when asked at a Congressio...