London open: Stocks fall back again

20th Jun 2011 08:24

The top share index has started the week on the decline as the Greek debt crisis continues to rumble on.Eurozone ministers have postponed their decision on a €12bn (£10bn) loan to the indebted Mediterranean nation until it passes more austerity measures.Miners and financial stocks are dragging the FTSE 100 lower. Bank RBS is at the bottom of the pile, while insurers RSA and Standard Life are out of favour. Xstrata leads the mining sector lower.In stocks news, temporary power and temperature control provider Aggreko saw an acceleration in the rate of underlying growth in the second quarter. The group now expects that revenue in constant currency and excluding pass-through fuel in the first half of 2011 will be about 9% higher than in the corresponding period of 2010.Power systems colossus Rolls-Royce has bagged the contract to provide engines for an enhanced version of the Airbus A350-1000 aircraft.Packaging giant Rexam has agreed to sell its closures business for $360m (£222m) as it seeks to pay back its debts. It is selling the business, which is focused on the US market and employs about 1,500 people, to Evansville, Indiana-based packaging group Berry Plastics. Trendy sportswear retailer JD Sports Fashion has gained a foothold in Spain with the acquisition of the businesses of Sprinter, a sports chain operating in the south of the country.UBM has acquired a 70% stake in the Catersource catering conference and exhibition and its sister show Event Solutions. The business events organiser and publisher is paying $5m for the stake, and will add the Catersource business to its UBM Live division.FTSE 100 - RisersExperian (EXPN) 780.00p 0.00%International Consolidated Airlines Group SA (IAG) 232.50p 0.00%International Power (IPR) 312.70p 0.00%Essar Energy (ESSR) 419.70p 0.00%United Utilities Group (UU.) 594.50p 0.00%ICAP (IAP) 452.70p 0.00%Capita Group (CPI) 751.50p 0.00%Smiths Group (SMIN) 1,110.00p 0.00%Pearson (PSON) 1,150.00p 0.00%Legal & General Group (LGEN) 113.10p 0.00%FTSE 100 - FallersExperian (EXPN) 780.00p 0.00%International Consolidated Airlines Group SA (IAG) 232.50p 0.00%International Power (IPR) 312.70p 0.00%Essar Energy (ESSR) 419.70p 0.00%United Utilities Group (UU.) 594.50p 0.00%ICAP (IAP) 452.70p 0.00%Capita Group (CPI) 751.50p 0.00%Smiths Group (SMIN) 1,110.00p 0.00%Pearson (PSON) 1,150.00p 0.00%Legal & General Group (LGEN) 113.10p 0.00%FTSE 250 - RisersAshtead Group (AHT) 170.50p 0.00%F&C Commercial Property Trust Ltd. (FCPT) 105.20p 0.00%Regus (RGU) 107.10p 0.00%Greggs (GRG) 513.00p 0.00%BTG (BGC) 275.10p 0.00%Spirent Communications (SPT) 149.50p 0.00%National Express Group (NEX) 251.80p 0.00%Merchants Trust (MRCH) 411.00p 0.00%Croda International (CRDA) 1,897.00p 0.00%Spirax-Sarco Engineering (SPX) 1,895.00p 0.00%FTSE 250 - FallersAshtead Group (AHT) 170.50p 0.00%F&C Commercial Property Trust Ltd. (FCPT) 105.20p 0.00%Regus (RGU) 107.10p 0.00%Greggs (GRG) 513.00p 0.00%BTG (BGC) 275.10p 0.00%Spirent Communications (SPT) 149.50p 0.00%National Express Group (NEX) 251.80p 0.00%Merchants Trust (MRCH) 411.00p 0.00%Croda International (CRDA) 1,897.00p 0.00%Spirax-Sarco Engineering (SPX) 1,895.00p 0.00%