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EUROPE CRISIS

Stubbornly high developed world inflation is providing investors with an opportunity for diversification, according to Fidelity's Andy Weir.

J.P. Morgan has altered the investment process on its £533m Cautious Total Return fund, handing some of the stock selection decisions to JPM's specialist teams.

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

Jupiter's head of European equities Alex Darwall said there are a number of companies which will emerge from the European sovereign debt crisis with stronger business models.

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.

The International Monetary Fund (IMF), headed by Christine Lagarde, has urged the UK to consider introducing more quantitative easing and cut interest rates.

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.

Philip Clarke, the chief executive of Tesco, has opted not to take his £372,000 annual bonus because of the group's poor performance in its core British market.

Inflation in the UK dropped in April, beating the consensus forecast.