This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-30622315

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
FTSE hit by fears of Greek election FTSE up despite Greece fears
(about 4 hours later)
(Noon): London's main market reversed early gains in its first trading session after Christmas as the impact of a snap Greek election worried investors. (Close): London's main market see-sawed in its first trading session after Christmas, finally ending higher despite fears over Greece's bail-out programme.
The FTSE 100 was 14.17 points, or 0.2%, lower at 6,595.76 by 14:00 GMT. The FTSE 100 rose 23.6 points to 6633.5.
IG market analyst Alastair McCaig said the snap election in Greece could hit the European Central Bank's plans for new economic stimulus in Europe. Royal Mail rose 5% in reaction to the collapse of competitor City Link over Christmas.
"It will raise fresh fears over the fate of the eurozone," he added. Mining giants BHP Billiton, Rio Tinto and Anglo American were up almost 3%.
However, Royal Mail bucked the trend, rising 4.5% and becoming the top gainer on the FTSE 100, due to the collapse of competitor City Link over Christmas. BT Group fell 3% after going ex-dividend, meaning new buyers will not receive the shareholder payout until the next dividend is due.
Mining giants BHP Billiton, Rio Tinto and Anglo American were up about 2%. The turnaround specialist, Better Capital, which owned the failed parcel delivery company City Link, lost 2.5%, recovering from an earlier 4% fall. It lost 31% of its value over 2014.
Shares in newcomer Indivior fell 3% as some of the euphoria over the drug firm's recent creation after a demerger from Reckitt Benckiser started to fade. Shares in newcomer Indivior fell 2% as some of the euphoria over the drug firm's recent creation after a demerger from Reckitt Benckiser started to fade.
On the currency markets, the pound fell 0.04% against the dollar to $1.5552 and was also down 0.13% against the euro at €1.2738. On the currency markets, the pound fell 0.3% against the dollar to $1.5515 and was up 0.05% against the euro at €1.2762.