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Greece drags FTSE down to six-month low

Tue close: The FTSE100 fell to its lowest level for six months, as little progress was apparent among European ministers attempting to resolve the Greek debt issue.

The blue-chip index closed down 1.6% at 6,432.21 points.

Rolls-Royce slumped a further 5.4%, extending a 6.3% drop in the previous session when the company issued its third profits warning in recent months.

Oil producers and energy services stocks such as  Wood Group, Tullow Oil, Petrofac and Premier traded lower after one of the steepest sell-offs in crude this year. West Texas Intermediate fell almost 8% on Monday, while Brent dropped over 6%.

Housebuilding stocks were also out of favour, including blue chips Taylor Wimpey, Barratt Developments and Persimmon.

 

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