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FTSE 100 down on Greek negotiations

FTSE 100 down on Greek negotiations

The FTSE 100 has opened lower, down 0.75 per cent to 6,756.71, as Greek talks come to a standstill.

The fall comes in spite of more positive results from Tesco, which is trading up 3.5 per cent on the news and is the biggest riser on the FTSE.

The supermarket reported a 1.3 per cent decline in sales of the first quarter of the year, better than the 1.7 per cent fall in sales in the fourth quarter of last year.

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Chief executive Dave Lewis called the results “a step in the right direction”.

ARM Holdings is the largest faller, with shares sliding 3.31 per cent to 1,110.

Negotiations between Greece and its creditors are due to resume on Saturday (June 27).