BP

BP's shareholders have called for a cash payout to be made if the sale of its 50% stake in TNK-BP goes through, as talk it is poised to offload its holding imminently picks up.

Concentration risk in the UK equity income sector is a well-versed issue, but how can wealth managers find a way around the problem? Katie Holliday reports.

Bruce Stout, manager of Murray International Trust, examines how companies in Europe, Asia and Latin America are changing their attitudes towards equity income investors.

BP has moved to offload a chunk of its oil and gas fields in the Gulf of Mexico in a deal worth $5.5bn (£3.4bn), as the oil major continues to raise cash to cover the cost of the catastrophe in 2010.

Income manager Carl Stick discusses his outlook for UK stock market valuations and how he is using his cash as a strategic asset.

Investors who bought into BP shares around the time of the 2010 Gulf of Mexico disaster have filed lawsuits claiming the company did not disclose the full extent of the spill, according to reports.

BP shares fell almost 4% in morning trading as the cost of litigation following the US Gulf oil spill led to sharp losses for the group in Q2.

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