M&G

Income stalwart Richard Hughes will be replaced by Alex Odd as the manager of M&G's £501m Dividend fund from next month.

The UK gilt market rallied in the run-up to the Budget and while Osborne was giving his speech, but this initial growth spurt now seems to have moderated.

M&G is planning to hand strategist and chief economist Steven Andrew his first lead management role, with the launch of a multi-asset income product.

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

A number of BP's largest shareholders - including Legal & General and M&G - have cut holdings in the troubled oil giant during its recent share price slide.

NORTH AMERICA

Just weeks away from Chancellor George Osborne's first UK Budget, M&G's Jim Leaviss has controversially praised the efforts of predecessor Alistair Darling.

Aviva Investors has hired Justin Craib-Cox from M&G as a fund manager for its convertible bond team.

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.

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.