UK equity income funds are nearing single stock limits on key holdings, causing concentration risk fears to mount, but which funds are taking the biggest bets?
BP has become the victim of a "shakedown" by US regulators and media as it attempts to resolve claims arising from the 2010 Gulf of Mexico oil spill, according to M&G's Tom Dobell.
Former BP chief executive Tony Hayward will become interim chairman of merged commodities giant Glencore Xstrata, after shareholders ousted Xstrata incumbent Sir John Bond.
Oil majors BP and Shell could face hefty fines if they are found to have manipulated the oil price, the UK's energy secretary has warned.
BP has reported an uptick in profits in the first quarter, although profits fell 9% compared to Q1 2012 as the group continues to sell off assets to pay for the Gulf of Mexico oil spill.
Fidelity's Michael Clark has warned against buying into BP and Shell amid a dwindling oil price and ongoing issues for both businesses.
Investors still face at least two years of uncertainty before a degree of normality returns to markets, according to Jim Stride, head of AXA IM's £13bn Distribution range.