Afternoon Markets: FTSE tumbles as Barclays fails to impress

At around 4pm, the index was down 1.12%, losing 62.72 points to 5,555.12. Barclays was the biggest faller, shedding 6.35%, or 22.95p, to stand at 338.3p per share. This was despite the bank posting a £1.82bn profit for the first three months of the financial year, up 47% on a year earlier, with most of it coming from investment banking arm Barclays Capital. However reports suggest traders have been left disappointed by signs of slowing growth in the investment banking division. The blue-chip banking giant took the hit after news its income from investment banking dropped markedl...