- FTSE indices fell, tracking European, US and Asian bourses after Greece's latest attempt to reach a deal with creditors failed, prompting renewed fears of 'Grexit' from the Euro Zone. Softening airlines, retailers, financials and house builders provided cue, while Vedanta (VED) and Thomas Cook (TCG) were in the news.

Shortly after the open, FTSE 100 was down 33.02 points, or 0.49%, to 6751.9. FTSE 250 lost 128.31, or 0.71%, to 17,820.8. At 8.38am, crude was down less than 0.1%. The market looks to the EU trade balance out midmorning and a string of US macro data this afternoon.

Easyjet (EZJ) led blue chips down with a fall of 2.33% to 1549p. International Consolidated Airlines (IAG) lost 1.3% to 511.25p. Also in the travel sphere, Thomas Cook (TCG), up 0.58% to 139.7p, and Fosun Int'l are to establish a JV to develop domestic, inbound and outbound tourism activities for the China market.

It was a pick and mix of retailers behind M&S (MKS), off 1.21% to 550.75p. Sports Direct (SPD) lost 1.21% to 672.75p, while Dixons Carphone (DC.) shed 0.68% to 462.25p. Several pharmas fell behind Shire (SHP), off 1.09% to 5212.5p. A platter of financials fell in the wake of London Stock Exchange (LSE), off 1.22% to 2347p.

House builders faded behind Persimmon (PSN), down 0.86% to 1953p. Roughly 20 blue chips made headway. Miners were plentiful among them behind Fesnillo (FRES), up 1.9% to 751p. Vedanta (VED), up 1.77% to 605p, and Cairn India plan to merge. Minority shareholders in Cairn India will get one VED share and one redeemable preference share for each Cairn India share.


Sabien Technology (SNT) said, in light of some substantial orders being delayed beyond June 2015, it now expects to report FY revenues of about £1.9m and a loss of up to about £0.6m. Its shares fell 25% to 7.5p.

Central Rand Gold (CRND), down 14.37% to 12.63p, has extended the target completion date of a binding agreement for the potential sale of Central Rand Gold (Netherlands Antilles) NV to 15 July.

Eclectic Bar (BAR), up 17.01% to 56.75p, is implementing a cost-reduction programme due to competitive pressures in a number of its locations and appointed serial leisure entrepreneur Luke Johnson as executive chairman.

Northern Bear (NTBR), up 14% to 57p, said trading for FY 2015 was ahead of management expectations, and that is has a strong current order book with good visibility. It expected to hike its dividend.


President Energy (PPC), up 4.76% to 16.5p, has successfully completed the four-well work-over programme on the Puesto Guardian Concession on time and on budget. These were the first operations carried out since President acquired Operatorship in H2 2014.

Mariana Resources (MARL), up 2.53% to 2.23p, said an updated preliminary 3D mineralisation model for the Hot Maden Project, Turkey, indicates the gold-copper mineralisation currently remains open both up and down dip of HTD 5 &13, 10&15 and 11&12 as well as importantly to the south of HTD-11 &13. It also shows the continuity of the high grade gold and copper zone.

Latchways (LTC), down 2.64% to 830p, has posted a FY pretax profit of £4.9m, from £6.8m but in line with guidance. Total dividend would be 39.60p a share, unchanged. Meantime, Competition and Markets Authority has referred Dairy Crest's (DCG), down 2.5% to 516.25p, agreed sale of its dairies operations to Muller UK & Ireland for a phase-2 investigation.

Majestic Wine (MJW), down 1.85% to 431.88p, said its FY pretax profit has slipped to £18.4m, from £23.8m. Revenue was £284.5m, from £278.2m. Plexus (POS), up 2.82% to 223.13p, has secured a new customer via a £3.3m contract win with oil and gas major Total E&P Norge AS.

Redcentric (RCN), up 1.82% to 160.88p, has swung to a FY pretax profit of £7.8m, from a year-ago loss of £2.6m. Revenue was £94.3m, from £58.3m. It proposed a final dividend of 2.5p a share, taking the total to 3.5p.

Other shares in the news included Falkland Oil & Gas (FOGL), NMC Health (NMC), KEFI Minerals (KEFI), Galasys (GLS), Unite Students (UTG), Helical Bar (HLCL), UK Oil & Gas Investments (UKOG), Argos Resources (ARG) and John Laing Group (JLG). Story provided by