FTSE stalls on route to record high after Greek talks falter - London Report

After touching a 15-year peak yesterday morning, the FTSE 100 ended the trading day unchanged.

London’s blue-chip index hit 6,921.3 at one point, but then fell back to close at 6,898.08 – just 0.05 points down on the previous day. The index’s record closing high of 6,930.2 was reached in December 1999, while the record intra-day peak was 6,950.6.

Investor optimism that a solution to the Greek debt crisis could be found wore off as the day progressed.

Financial services company Hargreaves Lansdown was the top riser, up 3.4 per cent, while shopping centre owner Intu Properties slipped almost 3.3 per cent to be the top faller.

Troubled retailer Tesco ended down 0.7 per cent after it appointed John Allan, deputy chairman of electrical retailer Dixons Carphone and chairman of house builder Barratt Develop­ments, as its new chairman.

The world’s second-largest bottler of Coca-Cola drinks, Coca-Cola HBC, ended down three per cent after its fourth-quarter net profits fell more than 11 per cent.

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