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FTSE 100 opens flat as Greece's markets reopen after five weeks FTSE 100 opens flat as Greece's markets reopen after five weeks
(about 5 hours later)
(Noon): The FTSE 100 begins the week all but unchanged as Greece reopens trading after a five-week suspension. (Close): The FTSE 100 ended Monday little changed as Greece reopened trading after a five-week suspension.
The benchmark FTSE 100 index was down 6.44 points at 6,689.84. The benchmark FTSE 100 index closed down 7.66 points at 6,688.62.
Trinity Mirror shares gained further, up 10% at noon. Results showed it had a net cash position for the first time. Trinity Mirror shares made gains, closing up 12.8%. Results showed it had a net cash position for the first time.
RBS recovered some lost ground to stand down 0.67%. There are reports the Government will start to sell shares in the bank soon. HSBC was flat although results topped hopes. Royal Bank of Scotland ended the day 1.3% lower, shortly before it emerged that the government had been given the green light to start selling its shares in the bank.
HSBC made a $13.6bn (£8.7bn) profit. Meanwhile, HSBC edged up a mere 0.3%, although its first-half results beat expectations. The bank made a $13.6bn (£8.7bn) profit, an increase of 10% year-on-year.
On the currency markets, the pound fell 0.14% against the dollar to $1.5599 and was flat against the euro at €1.4231. On the currency markets, the pound fell 0.11% against the dollar to $1.5604 and was up 0.04% against the euro at €1.4231.