Afternoon markets: FTSE claws back lost ground

The FTSE 100 regained some of the ground it lost today in late trading, but still closed down 0.8% lower at 5,211 points.

European markets were also lower, with France's Cac 40 off 1.4% at 3,582, while the Dax in Frankfurt was 0.97% down at 6,149. The Dow Jones followed Europe in early trading, 1% lower at 10,261.75 points. In London, mid-cap Gartmore was down 5.7% at 103.8p. It fell 8% to 101p in early trading on news former star manager Guillaume Rambourg had resigned. Elsewhere among financial stocks, Fidelity China Special Situations is up 1% to 100.2p after manager Anthony Bolton spoke to journalists this morning. Miners failed to recover much ground after their outlook was clouded overnight b...