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Bank of England expected to hold interest rates

Investors predict MPC will maintain interest at 5.25% when it meets on Thursday.

BP's trading unit Q1 results $300-350 mln stronger than average

Reuters - UK Focus

LONDON, April 28 (Reuters) - First (Other OTC: FSTC - news) -quarter results posted by BP's trading unit were around $300-350 million stronger than in an average quarter, the oil major's chief financial officer said.

BP said it had bought and stored more than $1.25 billion worth of oil in the first quarter, a strategy to benefit from a contango situation in the oil market where prompt prices drop below future contracts.

(Reporting by Karolin Schaps; Editing by Pravin Char)