Southpaw: Goldman leads the old guard to BP’s defence

BP has lined up a familiar team of M&A heavyweights ahead of what is being billed as its make or break second quarter results on July 27. But insiders warn against a transformational deal such as a big disposal or white knight rescue — at least until the oil leak in the Mexican Gulf is stopped, a complete assessment of the environmental damage can be conducted and the cost of the clean-up can be counted. David Rothnie reports.