Financial News

Stocks on the FTSE 100 slip on Greek concerns

27/01/2012

Stocks on the FTSE 100 fell today

Equities on the FTSE 100 fell in trading today (January 27th), as investors moved away from the market amid concerns over the outcome of the ongoing Greek debt talks.

As of 10:28 GMT, the FTSE 100 was down 0.16 per cent after as Greece officials continued to negotiate a deal with private creditors in a bid to reduce debt and avoid bankruptcy.

Financial stocks were the most affected party, with banking equities leading the way as Royal Bank of Scotlandshare prices fell 0.61 per cent with Lloyds Banking Group also falling 1.08 per cent.

Toy firm Hornby were the big fallers in trading today, as the company reported weak demand for train sets and scalextric racing car sets over the Christmas period.

The company confirmed net debt for 31st December was at £8.5 million, after the slow sales figures.

Chairman Neil Johnson noted it was "proving extraordinarily difficult to predict sales accurately in these turbulent markets".

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