LONDON: Britain’s main share index dropped to a five-month low on Tuesday, with investors unnerved by a hardening of stances in Greek debt talks and worries that the Federal Reserve may signal it will raise interest rates soon.
Postal services provider Royal Mail was among the shares leading the decline, down 2 percent. A British watchdog agency said it would review the regulation of the former state-owned firm after the withdrawal of its only competitor.
The FTSE 100 was down 0.6 percent at 6,671.46 points, after touching its lowest level since January at 6,652 points. The index is down 1.6 percent this year.
Appetite for shares was drying up as Greece and its creditors hardened their stances on Monday, after the collapse of talks aimed at preventing a default and possible euro exit.
Also, the US Federal Reserve was set to announce the outcome of its policy meeting after the European market closes. The market expects it to ..
