Stocks on the fall in the UK today. Compiled by Dow Jones Newswires Markets Desk, markets.eu@dowjones.com Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com 0844 GMT [Dow Jones] BP (BP) -6.3% at 305p, as spends GBP2.35B to date on the Gulf of Mexico spill. The company's 5-yr CDS also widen to 555 bps, according to Markit, up 19 bps on the day. Nomura also cuts its price target to 465p from 593p, saying a heavy inversion of both credit yield and equity volatility suggests the market is concerned about a near-term credit event around BP. Says this perception of near-term credit risk is highly damaging for BP. Sees pressure growing on the company to assure sufficient funding, and with debt expensive and asset sales taking time, says equity-linked financing - perhaps backed by Sovereign Wealth - could prove an attractive short-term solution. Sees the equity dilution countered by the benefit of financial solidity. Says this scenario could result in significant uplift to shareholder value. Keeps buy rating. (peter.nurse@dowjones.com) Contact us in London. +44-20-7842-9288 Markettalk.eu@dowjones.com (END) Dow Jones Newswires June 25, 2010 04:44 ET (08:44 GMT)