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%.
Online gambling site Bwin.party Digital Entertainment (PYGMF) plummeted 10.48% to 94 pence a share, after it said two large shareholders, the independent trustees of Emerald Bay Water and Stinson Ridge, had "chosen" to sell 50 million shares in a placing. The sale was not unexpected, but the market had previously been uncertain about the timing. Bwin.party, which is the subject of a $1.7 billion bidding war between 888 Holdings (EIHDF) and GVC Holdings, backed by Canada's Amaya Gaming, said the two shareholders had previously committed to selling by the end of October this year.
Also down almost 10% at 154 pence a share was Petra Diamonds (PDMDF), after it said it was digging up fewer high-quality stones and higher volumes of smaller diamonds at its South African mine. However it believed quality would pick up in 2016 as new mining areas come on stream. It expects revenues for 2015 of $430 million.
In Asia, the Nikkei closed up 0.12% at 20,407.08, while in Hong Kong, the Hang Seng finished the day up 1.39% at 27,280.54. In China, the Shanghai Composite continued to defy gravity, rising 0.87% at 5,166.35.