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FTSE falls on Greece and oil woes | FTSE falls on Greece and oil woes |
(about 3 hours later) | |
(Noon): London's leading shares fell in Tuesday morning trading as fears persisted over Greece's bail-out programme. | |
By lunchtime, the FTSE 100 was down 61.92 points or 0.93% at 6,571.59. | |
Energy stocks were the biggest losers as the price of Brent crude oil continued to decline, down 0.5% on the day at $57.62 a barrel. | |
Royal Dutch Shell "A" and "B" shares were down 2.7% and 2.4% respectively. | |
BG Group fell 2.7% and Tullow Oil shed 2.3%. | |
Bucking the downward trend, fashion chain Next saw its shares rise more than 3% after it said it expected yearly profits to recover some of the ground lost after a warm spell in the third quarter. | |
On the currency markets, the pound rose 0.14% against the dollar to $1.5539 and gained 0.13% against the euro to €1.2786. |