Commodities

BP is set to halve its previous £6bn annual dividend when it reinstates payouts early next year.

Gold catapulted to a new high yesterday charging above $1,3000 an ounce for the first ever time.

Neil Gregson has joined J.P. Morgan's global equities team as a portfolio manager.

Embattled BP chief executive Tony Hayward is expected to resign tomorrow as the oil giant attempts to rebound from the Gulf of Mexico oil disaster.

Managers expect the gold price to rebound back to all-time highs in the current uncertain environment, despite the dip seen over the past month.

UK hedge fund Armajaro Holdings purchased £658m of cocoa on Friday, in a move which single-handedly moved the global cocoa market.

Ian Henderson believes the current outlook for commodities is better than it was last year and this will continue through the year.

Allianz RCM's Michael Konstantinov has closed energy and commodity underweights as a result of rising prices.

Commodity funds have attracted a lot of interest lately, on the back of some very spectacular gains, writes Castlestone's Brad Yim.

UBS Investment Bank has launched a range of 69 exchange-traded commodities on the London Stock Exchange (LSE).