FTSE tumbles after G20 warning to eurozone

The FTSE 100 was sharply lower by early afternoon following G20 leaders' warning additional aid will be withheld from the eurozone until its members pledge more support for stricken European countries.

The latest G20 meeting cast a shadow over hopes the eurozone can continue in its current format, with a stark call to for members to increase financial aid to struggling nations before any more cash is forthcoming from the International Monetary Fund (IMF). The talks knocked confidence in markets, with the FTSE 100 down 0.9% or 54 points, at 5,880. Other markets were also off across Europe, with the French Cac down 1.2% or 40 points, at 3,427, and the German Dax 1.1% weaker, shedding 76 points to 6,788. The fall in the UK's blue chip index comes after a sustained run higher over th...