FTSE struggles as BP falls

BP has lost 3.5p, or 0.6%, to 630p, despite saying second-quarter profit climbed 30% to a record as crude prices surged and refining earnings increased. Net income rose to $7.27bn from $5.6bn a year earlier. Drugmaker Shire has jumped 34p, or 4.1%, to 862p. The company won US approval to sell the first drug for treating genetic disease Hunter Syndrome. BHP Billiton has added 12p, or 1.2%, to 1,032p after it said fourth-quarter iron ore production rose 3% to a record, buoyed by rising demand for the steelmaking ingredient from China. In Japan, the Nikkei 225 Stock Average climbed 21...