LONDON (TheDeal) -- The real action on the markets this morning was in Athens, where yesterday's stock market hike has turned to a rout. The International Monetary Fund has walked out of Greek debt talks, and European Union Commission president Jean-Claude Junker has reportedly told colleagues that Greece has "lost the European Commission." The Athens General Index was down at one point in the morning to as low as 788.89 -- a fall of 4.2% on yesterday's close. The biggest losers were the Greek banks, with Alpha Bank (ALBKY) down 4.23% at 32 euro cents, Piraeus Bank (BPIRY) down 5.68% at 45 euro cents and National Bank of Greece (NBG) down 6.78% at €1.10.
In London, the FTSE 100 was down 0.33% at 6,824.32, while in Paris, the CAC 40 was down 0.19% at 4,61.95. In Frankfurt, the DAX was down 0.05% at 11,326.69. The Athens General Index had recovered somewhat during the course of the morning, but was still down 2.26% in early afternoon local time at 804.53.
FTSE 250 clothing retailer Ted Baker (TBAKF) was up 2.13% at 2,874 pence, with a market cap of £1.24 billion ($1.92 billion), after reporting a boost of 24% in revenues for the 18 weeks from February 1 to June 6, compared to the same period last year. In an interim management statement, it said the growth had been particularly strong in its online business, but the brand has been expanding in North America, Asia and globally. Retail sales were up 18.9%, while wholesale sales were up 41.2% and e-commerce was up 46.9%.