FTSE 100

Markets dipped into the red this afternoon after a weaker start in the US, as a round of poor corporate updates weighed on investor sentiment, compounding eurozone fears.

Global equity markets are tumbling this morning as the eurozone crisis once again takes centre stage, with Spain's debt costs leaping to a new record high and speculation returning Greece will exit the single currency.

A government-backed report on the UK's financial services industry is expected to call for an end to the requirement for companies to issue quarterly updates.

Barclays continues to face a leadership crisis following the LIBOR scandal, with two of its most senior executives ruling themselves out of going for the top jobs at the bank over the weekend.

Equity markets around the world have struggled to make headway this year, with many major indices giving up gains made early on to leave them standing flat or down for 2012.

Equity markets around the world have struggled to make headway this year, with many major indices giving up gains made early on to leave them standing flat or down for 2012.

G4S, the UK-listed contractor which has had to ask for help to ensure security at the Olympics is watertight has seen its shares plunge today over the blunder which has cost it up to £50m.

COMMODITIES

Stronger than expected employment data could not prevent Wall Street selling off at the open this afternoon.

Barclays former chief executive Bob Diamond has said he is "dismayed" MPs have questioned the truthfulness of answers he provided to the Treasury Select Committee.