UK

Facebook will permanently stop trading of its stock on private secondary markets at the end of this week ahead of its initial public offering in May, the FT reports.

Neil Woodford's love of pharmaceutical companies has been well publicised over the past few years, but the income investor has been particularly excited about the prospects of a company using pieces of pig to regrow human tissue.

They have had a rocky ride, but ultimately investors with nerves of steel who backed the UK's biggest commodity stocks over the last ten years would have been rewarded for their patience.

John Clougherty, chief executive of Aviva Investors' UK funds business, has left the group.

Gary Shaughnessy, head of Fidelity's retail business, is leaving the firm.

Bramdean's Nicola Horlick is launching a fund to raise as much as £2m for film development projects.

MAM Funds has returned to the dividend register for the first time in four years, as it reported a £3.5m rise in cash on its balance sheet during 2011.

THE BIG QUESTION

The Budget cut a little from public spending to allow some overall cuts in income tax.

Former directors of failed banks could be banned from taking lucrative jobs in the City under plans being drawn up by the regulator.