Equities

Facebook shares fell another 8% on its third day of trading on the Nasdaq after the stock closed 11% lower on Monday.

Fitch Ratings has downgraded Japan's sovereign debt rating to A+ and has placed the country on a negative outlook owing to its rising public debt pile.

Marks and Spencer has reported a fall in annual profits for the first time in three years as trading conditions worsen for high street retailers.

HSBC has "postponed indefinitely" plans to move its headquarters from London to Hong Kong, its chief executive said.

Ahead of Facebook's $16bn IPO, Morgan Stanley, the lead underwriter on the deal, reduced its revenue forecasts for the social network, Reuters reports.

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.

ON JAPAN

As political tension in Greece intensifies, managers discuss what would happen if the country were to leave the monetary union

Europe should turn its back on austerity and its fiscal pact and pursue a pro-growth agenda like the US, according to Fidelity's Trevor Greetham.

Credit Suisse has put boutique JO Hambro Investment Management (JOHIM) up for sale, according to reports.