FTSE 100

The average pay for FTSE 100 chief executives rose 10% in the past year to £4.8m, according to research.

Europe's major markets climbed on the first day of trading after Spain was granted a €100bn bailout for its banking sector.

Hedge fund manager Man Group is to drop out of the FTSE 100 following the index's latest quarterly review after a fresh period of poor share price performance took its toll on the company.

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(Updated 9:15am) Asian indices fell overnight, mirroring losses in the US and Europe, over fears about the impact a Greek exit from the single currency could have on the rest of the region.

US markets have fallen to three-month lows during trading today as the eurozone worries that resurfaced last week show little sign of subsiding.