Deputy Prime Minister Nick Clegg believes the coalition needs to deliver a "difficult" budget today to ensure the UK can avoid the scenarios seen in Greece and Spain.

M&G fixed income stalwart Richard Woolnough has bought into debt issued by football giant Manchester United.

US markets opened strongly today as global stock markets thrive on news China is likely to end its currency peg with the dollar.

Ignis head of credit portfolio management Chris Bowie is using the strong rebound in risk appetite today to accelerate the group's de-risking in credit markets.

Anthony Bolton's Fidelity China Special Situations trust has issued a further 11 million shares, primarily to assist trackers wishing to buy the vehicle following its admission to the FTSE 250.

Jupiter shares have opened at 190.25p on the first day of full trading on the London Stock Exchange, a 15% increase on its offer price.

Fidelity International, one of the largest investors in Prudential, is calling for the resignation of chairman Harvey McGrath.

Invesco Perpetual head of investments Neil Woodford says it is 'reckless' to believe BP's $20bn compensation package will mark the end of the oil giant's worries.

BP is trying to raise $50bn to cover the cost of the Gulf of Mexico disaster, while the oil giant is also preparing to sue a partner in the Deepwater Horizon rig.

Schroders' Income Maximiser fund has used its call writing strategy to obtain high yields from BP at a time when other equity income funds were hit by the oil giant cancelling its dividend.