BP profits soar

Oil giant BP has reaped the benefits of this summer's record oil prices, smashing all forecasts with a 148% rise in third-quarter profits.The shares rose 24.25p to 461.5p today, a gain of 5.55%.BP, Europe's second-biggest oil producer behind Royal Dutch Shell, posted replacement cost profits of $10bn (£6bn) for the quarter from July to September, up from $4bn a year earlier.