Royal Dutch Shell

Oil majors BP and Shell could face hefty fines if they are found to have manipulated the oil price, the UK's energy secretary has warned.

Fidelity's Michael Clark has warned against buying into BP and Shell amid a dwindling oil price and ongoing issues for both businesses.

COMMODITIES

Let us talk contrarian investing, Mundy-style. Alastair's new book You say Tomayto: Contrarian Investing in Bitesize Pieces from Harriman House is an essential collection of succinct and witty observations about the mad world of investing.

PASSIVES

Michael Clark, portfolio manager of the Fidelity MoneyBuilder Dividend and Fidelity Enhanced Income funds, explains why he is not just attracted to the highest-yielding opportunities.

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

BIG INTERVIEW

Shares in Royal Dutch Shell fell almost 4% this morning as the weak oil price and North American gas prices dragged on profits in the second quarter.

COMMODITIES