BP briefs No 10 as quarrel to top well enters vicious twenty-four hours

Robert Lea, Miles Costello, Suzy Jagger and Katherine Griffiths & ,}

The Prime Ministers closest advisers will be briefed this sunrise by comparison government team at BP over the oil short predicament in the Gulf of Mexico.

It is accepted that John Gerson, BPs senior manager of security and open affairs and a former emissary head of MI6, will value officials from the No 10 Policy Unit.

That lecture is directed at advising the Prime Minister on the marketplace supportive report that BPs arch senior manager Tony Hayward will benefaction to City analysts this afternoon. It will additionally refurbish supervision officials on the state of BPs containment operation a mile down on the sea building of the Gulf where the Macondo oil awaiting blew 46 days ago.

It is accepted that the Prime Minister will be supposing with the same turn of trusted report surrounding the blow out and the clean-up operation that has been done accessible to Barack Obamas officials forward of Mr Camerons scheduled assembly with the President subsequent week.

Mr Gerson has already led delegations to short the Policy Unit in new days. The commission is accepted to have enclosed an one more BP special adviser, Sir Jeremy Greenstock, the former British envoy to the US, According to one well-placed source the target of the assembly has been to keep the PM in the loop. It is believed BP is not utilizing the meetings to run the Prime Minister to meddle over Mr Obamas antagonistic position towards the company. BP is a strategicially vicious association and as such you would design No.10 to be kept informed, the insider said. This is a vicious connection for the association in conditions of headlines of the containment operation and briefings the association will have to the market. You would design the Prime Minister to be entirely briefed forward of his revisit to the US. A chairman close to the Cabinet confirmed: The issue of BP is a really vicious one, quite since the weighting in the FTSE-100. But frankly, I am not certain we should be picking up the phone to the President on interest of BP. It isnt a nationalised company.

Last night Mr Hayward pronounced the association will know inside of the subsequent twenty-four hours if the attempts to tip the well and filter off oil and gas have succeeded. He pronounced a second one more containment operation will proceed subsequent week. He pronounced BP is not provident any resources in the attempts to enclose and transparent up the oil spill.

BPs heading shareholders are scheming to griddle Mr Hayward at their scheduled discussion call today. Several institutional shareholders secretly reliable that they will direct faith over BPs dividend, value $10.5 billion a year to investors and a tack income of Britains heading grant funds.

This complaint is seismic. The annual dividends that BP pays paint fifteen per cent of the [UK] batch markets annual income. It would be incredibly deleterious for it not to be paid, pronounced one top-ten shareholder. Investors pronounced they would additionally be seeking for distinctness about the destiny of BPs tip management. The US Government wants someone at BP to compensate privately for this. We and alternative shareholders be concerned that it is going to be Tony Hayward. There are picturesque worries flourishing between shareholders that he wouldnt be there in a weeks time, the financier said.

The White House pronounced last night that the US Government is promulgation BP a $69 million check for clean-up costs to date.

BP shares sealed 2.5p higher at 449.45p, cementing a prejudiced convene after a fifteen per cent thrust on Tuesday .