UK

Last week both Moody's Investor Services and Fitch Ratings said the emergency Budget is supportive of the UK's AAA rating.

UK GROWTH

UK INCOME

Investment guru Warren Buffett has raised his stake in Tesco to over 3%.

Buyout vehicle Resolution has bought Axa Life for 2.75bn in a deal part-funded by a rights issue of approximately £2.05bn.

Former managers Nick Purves and Ian Lance were given the option of vetoing Schroders' purchase of a 49% stake in RWC Partners after joining the boutique last month.

Schroders has acquired a 49% stake in RWC Partners, the future destination of the group's former income fund managers Nick Purves and Ian Lance.

Prudential has refuted suggestions Fidelity called for its management to quit over its failed Asian takeover bid.

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

George Osborne will announce a bank tax on Tuesday aiming to raise £3bn amid criticism the levy could hit UK competitivenesss.