M&G's Richard Woolnough, who sparked strong debate over his negative view on the euro, discusses why a new single-currency might be the best thing for the troubled European bloc.

Global markets are in freefall today following Wall Street's slide on Friday and on fears over a Greek-style crisis in Hungary.

Fund managers are expecting sterling to bounce back later this year after being one of the casualties of strong currency volatility this year.

The UK's leading income managers say investors should remain confident about dividend growth in 2010 and beyond, despite growing fears last week income giant BP, as well as many European players, may be forced to cut or pass payouts.

M&G has launched a Ucits III version of a global macro strategy it has run successfully for the Prudential life fund for a decade.

Jupiter's six most senior fund managers are set to hold a stake worth £140m as the group set the price range of its IPO at 150p and 210p per share last week.

A number of the UK's most respected fund managers have called for the removal of Prudential CEO Tidjane Thiam.

THE BIG INTERVIEW

Schroder Income duo Nick Kirrage and Kevin Murphy have increased their position in BP over the past 48 hours, believing it is "almost inconceivable" it will face a fine above the $50bn level which would put its dividend in jeopardy.

No one should fool themselves into believing that Britain can inflate its way out of its public debt mountain, the Bank of England's deputy governor has warned.