Fidelity

BP and Royal Dutch Shell produced mixed results last week, but top managers are returning to the beaten-up oil majors, predicting a focus on shareholder returns instead of "growth at any cost".

THE BIG QUESTION

Aberdeen Asset Management has confirmed rumours it is in talks to buy Scottish Widows Investment Partnership (SWIP) in a deal which would make it the largest listed fund management firm in Europe.

Fidelity Worldwide Investment has expanded its range of multi-asset income funds with two new fund launches for Eugene Philalithis and Nick Peters.

Fidelity Worldwide Investments' global CIO for equities, Dominic Rossi, has predicted the FTSE 100 will test a new high as accommodative central banks keep monetary policy loose and rates low into 2014.

Fidelity Worldwide Investment has bought retirement solutions business Annuity Direct and its holding company Retirement Angles.

Fidelity Worldwide Investment is to significantly expand its pensions business and has appointed Richard Parking as head of retirement.

Fidelity's Teera Chanpongsang is to hand over the group's onshore Emerging Asia fund on 1 November as he prepares to take over the £2.1bn South East Asia OEIC.

Fidelity is to spend £250m across its UK platform business over the next five years as part of a plan to enhance its open architecture proposition and dominate the distribution landscape.

With the summer an increasingly distant memory, fund managers are now back at their desks and starting to navigate Q4 - that is, with a few notable exceptions.