Oil giant BP suffered a 45% fall in profits today as production problems continued to blight the business, reports The Guardian .
The firm's third-quarter profits of $3.87bn (£1.9bn) came in below analysts' expectations, after ongoing problems at its US refineries. The City had been braced for the poor results after the new chief executive, Tony Hayward, described BP's operating performance as "dreadful" last month. Operational difficulties at its Whiting refinery - as well as higher maintenance and repair charges - saw profits from BP's refining and marketing division slump from $1.5bn to $376m. ROYAL BANK OF SCOTLAND is in talks to buy the investment portfolio of Cheyne Finance, the collapsed $6.6 billion (£3....
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