FTSE 100 ends lower on Greek default concerns.


(MENAFN- ProactiveInvestors)At the close of play the FTSE 100 ended 60 points lower after two days of gains to end the week much as it began hovering around the 6800 mark. Another week ticked by without Greece managing to secure a deal with its creditors. The under-pressure country is nearing the dreaded IMF payment which after already deferring last week's payment stands at €1.6bn. Alexis Tsipras apparently hopes a compromise can still be struck but the gap between the two sides yesterday was said to be considerable. The news dampened markets across Europe with the Cac 40 index in Paris shedding 70 points 1.4% and the Frankfurt-based Dax easing 136 points or 1.2%. Meanwhile in the US the Dow Jones was 138 points or 0.7% lower while the Nasdaq lost 0.5% and the S&P 500 recorded a fall of 0.6%. Back in the UK Johnson Matthey (LON:JMAT) led the fallers after gold miners in South Africa threatened to strike over pay issues. The same problem happened last year in the platinum mining sector and investors are worried it may happen again. Shares in precious metal trading company Johnson Matthey eased 3% to 3100p. Meanwhile leading the index was Royal Mail (LON:RMG) after the company eased somewhat when the government announced it is selling its stake in the delivery firm. It was also boosted by the closure of home deliveries by rival Whistl. Shares rose 1.7% to 501p. Away from the index Bwin.Party Digital Entertainment (LON:BPTY) lost over 7% to 97p as it emerged two  shareholders plan to issue 50mln shares in the FTSE250 gaming group. Analysts said the timing seems strange given that Bwin is currently the subject of a bidding war between smaller rival 888 Holdings and both GVC Holdings and Canada's Amaya. Petra Diamonds (LON:PDL) dropped over 11p to 158p as it told investors it anticipates lower revenue when it next reports annual results due to the average price of selling diamonds coming under pressure. In small caps AIM deal maker David Lenigas has now added stockbrokerage and financial services to his portfolio of businesses. Settlement service provider Global Investment Strategy could be joining the London Stock Exchange after a reverse takeover offer from Leingas-backed Octagonal (LON:OCT). Shares in Octagonal rose 35% to 0.25p. Also on the rise was Forte Energy (LON:FTE). Shares jumped 18% higher to 0.1p as it updated on the situation with its Kuriskova uranium deposit in Slovakia. Leading the fallers was Trap Oil (LON:TRAP). The company said this morning it had no idea why its share price had risen as it warned investors that it will run out of money in early July if it can't secure a viable funding solution. Shares lost 24% to 0.7p.


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