BP

Oil major BP shares have dived this morning after its planned tie-up with Russian state-owned oil giant Rosneft was blocked by the courts.

Anthony Cross and co-manager Julian Fosh, running the £53m Liontrust Special Situations fund, have returned more than three times the IMA UK All Companies sector average over the past three years.

Clive Beagles has steered the JOHCM UK Equity Income fund to outperformance over one, three and five years.

Investment trusts increased their dividend yields last year despite BP hampering many income portfolios, according to research by Oriel Securities.

BP has a sealed a $7.2bn deal with Reliance Industries, taking a 30% stake in the Indian energy firm.

Walker Crips fund managers Jan Luthman and Stephen Bailey's long-established macrothematic investment philosophy has led the group's £156m Equity Income fund to long-term top quartile performance.

The Bank of England may have to put up interest rates if the commodity price boom continues, deputy governor Charles Bean warns.

UK dividends shrank by £2bn last year as BP scrapped its payout in the wake of the devastating Gulf of Mexico oil spill.

BP's three Russian billionaire partners have filed for an injunction in London to stop the British company jumping into bed with their Kremlin-backed rival Rosneft, the Telegraph reports.

Fund managers have applauded the deal struck between beleaguered oil giant BP and Russian group Rosneft, with some topping up their positions last week.