Afternoon Markets: Shares hit on Greece rescue worries

European markets have been hit hard by news Greece will receive bailout cash to tackle its debt crisis.

EU President Herman Van Rompuy said several key euro zone officials today reached an agreement to help Greece at a summit in Brussels. But confusion about the finer details of an aid package, particularly about whether it will be sufficient to rescue the debt-stricken nation, has unsettled markets. Germany's Dax index was down 0.93% to 5,484.78, while the French Cac 40 lost 0.79% to 3,606.8 in late afternoon trading. The FTSE 100 fell back after early gains, but remains in positive territory, up 0.24% to 5,144.25. Smith & Nephew shares remain up after revealing strong results...