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Shares in London turn negative by the close | |
(about 5 hours later) | |
(Close): The London market lost value in afternoon trading on Friday as concerns over Greece's ability to maintain its debt repayments returned. | |
The FTSE 100 was down 33.96 at 7006.96 | |
The biggest riser was Associated British Foods (ABH), up more than 3% after investment bank Goldman Sachs changed its rating on the stock from "sell" to "buy". | |
Pump maker Weir Group gained 3% on positive news from North America's shale gas producers. | |
An upgrade by broker Credit Suisse also helped boost Weir's share price. | An upgrade by broker Credit Suisse also helped boost Weir's share price. |
The broker said the stock's 17% "underperformance" over the year-to-date made it an attractive option for investors. | The broker said the stock's 17% "underperformance" over the year-to-date made it an attractive option for investors. |
Another 3% riser was mining company Fresnillo, as it recovered some earlier losses over the week. | |
Among the FTSE 100's biggest fallers were supermarket Morrisons, down 3% and International Consolidated Airlines also down almost 3% despite the Irish parliament - as expected - approving its plan to take over Aer Lingus. | |
On the currency markets, the pound was down on earlier weak UK economic growth data, although it trimmed losses. It ended down 0.27% against the dollar at $1.5273, and down 0.51% against the euro at €1.3954. |