Newton's star income manager Tineke Frikkee has moved overweight BP, almost tripling her holding in the oil major in the £2.7bn Higher Income fund since February.
BP is facing calls from some of its biggest shareholders to sell off up to half its assets as part of a radical restructure.
BP has extended the deadline for completing a share swap deal with Russian oil giant Rosneft until 16 May, as reports suggest talks with AAR about the British oil firm buying out its Russian partner in joint venture TNK-BP have "more or less collapsed"....
Standard Life Investments' Ed Legget has moved overweight miners to take advantage of falling share prices across the sector, but has cut oil major BP from his portfolio.
Elissa Bayer of Charles Stanley gives her top tips for stock selection during a testing time for markets
Ex-BP chief executive Tony Hayward is in talks to set up an energy-focused investment fund, the Financial Times reports.
London's leading share index dropped below the 6,000 mark this morning as BP and Vodafone sold off parts of their asset base.
Rising UK equity income stars at M&G and OMAM have challenged Invesco Perpetual's Neil Woodford on his negative view of BP.
BP shares closed down 2.2% in London yesterday on a report its managers could face manslaughter charges following the Gulf of Mexico oil spill, which could lead to much higher fines over the disaster.