BP back to profit after record loss

Oil giant BP has announced a return to profit in the three months to September after last quarter's record loss.

The firm said its replacement cost profit for the period was $1.85bn (£1.15bn), as against the $17bn loss recorded from April to June.

BP said the cost of the oil spill crisis in the Gulf of Mexico back in April, had now risen by $7.7bn to $39.9bn.

Nigel Cassidy reports.