THE London market was mired in the red today as worries over the Greek debt crisis continued to haunt trading.
Investors have been rattled by concerns about the country’s prospects, while European reluctance to come to its aid have also heightened uncertainty.
The FTSE 100 Index was down 30.6 points at 5619.5 following falls on Asian markets overnight.
Major Asian indexes were down as much as 2% after selling hit US and European markets on Friday.
Oil prices have also dropped to near 80 US dollars a barrel.
Another move to unnerve investors came from India’s central bank, which unexpectedly raised interest rates, fuelling concerns that growth and asset prices could sink once governments start winding down their stimulus measures.
In corporate news on the London market, Irn-Bru maker AG Barr topped the FTSE 250 risers board after it said annual profits were up 20.8% to £27.9 million. Barr rose 3% - or 24p to 924.5p.
Meanwhile in the top flight, plumbing and heating giant Wolseley lost 1% despite reporting interim losses had nearly halved to £261 million. Shares were 17p down at 1603p.
Miners dominated the fallers board, led by Eurasian Natural Resources, off 32p at 1128p.