BP

Adrian Frost, manager of the £3.9bn Artemis Income fund, said BP and other major companies should make further asset sales in order to improve their growth prospects.

Manager rotates Income Growth away from mega caps to broaden income stream

Oil major BP saw its shares fall in early trading on disappointing second quarter earnings and an 11% drop in production.

Transocean, the owner of the Deepwater Horizon rig at the centre of last year's Gulf of Mexico oil spill, has blamed BP, as operator of the well, for decisions it said led to the fatal disaster.

Nathaniel Rothschild, the financier, has confirmed his position as one of the most powerful brokers in the country after smashing the fund raising target for his new venture.

BP is preparing to sell its stake in a joint venture with TNK to Rosneft in an effort to rescue the landmark deal with the Russian state oil company, the Wall Street Journal has reported.

With 2010 proving a difficult year for equity income, the first quarter of 2011 has provided some hope for the sector, writes Peter Brunt, analyst at S&P Fund Services.

Focus on small-cap dividend payers delivers for Chelverton.

Oil giant BP has reopened negotiations with Rosneft after failing to meet the original deadline for a $16bn share swap at midnight on Monday.

BP's troubled deal with state-controlled Russian oil company Rosneft has fallen through.