BP's renewed confidence

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BP's renewed confidence

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BP was the standout gainer on the FTSE100 on Tuesday thanks to its better-than-expected results.

In the third quarter, the British oil company’s net profit increased by nearly eight percent year-on-year, after losses in the previous quarter.

BP plans to raise its dividend to shareholders which was seen by investors as a sign of restored confidence.

To find out how it was able to boost its profit margins, watch our Behind Markets report.