BP

Dividend payments now expected to fall for two consecutive years

Represents £8trn in assets

Letters to 35 companies

BP and Shell were braced for the reaction of the markets on Wednesday after European regulators began an investigation into whether the companies may have manipulated the price of oil for more than a decade.

SECTOR REPORT

BP has raised its dividend by 12.5% to 9c a share, but reported a fall in profits in the third quarter.

The average UK growth & income trust has outperformed its open-ended counterpart by 6% per annum over the last ten years. Kieran Drake, research analyst at Winterflood Securities, explains why.