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FTSE falls on continued Greek woes FTSE falls on continued Greek woes
(about 4 hours later)
(Noon): London's benchmark share index dipped in Friday morning trading as worries over the Greek debt crisis persisted. (Close): London's benchmark share index dipped in Friday trading as worries over the Greek debt crisis persisted.
By lunchtime, the FTSE 100 index was down 25.45 points or 0.38% to 6,605.02. By lunchtime, the FTSE 100 index was down 29.93 points or 0.45% at 6,600.54.
Mining stocks led the losers' list. Anglo American, BHP Billiton and Rio Tinto tumbled by 2.7%, 2.4% and 1.9% respectively, although Randgold Resources saw gains of 0.2%. Mining stocks rose towards the close to leave only Anglo American still in negative ground down 1.3%.
Royal Bank of Scotland was also among the big fallers, dropping 1.9%. Royal Bank of Scotland was also among the big fallers, dropping 1.5% on reports it could have to pay $13bn to settle US claims it misled investors in mortgage-backed securities.
The decline followed media reports that RBS could have to pay $13bn to settle US claims that it misled investors in mortgage-backed securities. On the currency markets, the pound was down 0.3% against the euro at €1.4035 and was down 0.22% against the dollar at $1.5575.
On the currency markets, the pound was barely moved against the euro at €1.4077 and up 0.1% against the dollar to $1.5625.