Specialist insurance market Lloyd's of London is making preparations for the possibility of the euro breaking up, its chief executive has said.

Paul Marriage, Cazenove's top performing smaller companies fund manager, has highlighted five UK-listed companies he expects to outperform in spite of the problems facing the UK economy.

The worse than expected decline in UK GDP announced today is likely to spur the Bank of England into injecting another £50bn into the economy next month, said Henderson's Simon Ward.

The decline in UK GDP growth in the first quarter of 2012 was today revealed to be worse than expected, after the Office for National Statistics reported fall of 0.3%.

Schroders' Richard Buxton has backed Burberry's plans to increase its investment spend despite a negative reaction from markets today, noting shares look attractive at the current price.

Cazenove's head of pan-European equities Chris Rice has warned investors piling into safe havens such as bunds are at risk from a huge policy response in Europe.

Philip Pearson and Anthony Burton are co-managers of the GLG Technology Equity fund, one of the most successful technology funds of the past three years.

Shares in newly-floated social media giant Facebook dived over 13% today as investors sold off stock following what had been one of the most anticipated IPOs in recent years.

Barclays has put its $6.1bn stake in US fund manager BlackRock up for sale in a surprise move.

Facebook became one of the 25 largest companies in the US overnight after pricing its initial public offering (IPO) at $38.