Greek woes prompt FTSE's worst month in three years

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The FTSE 100 has opened 0.7% higher this morning after recording its worst monthly performance in three years in June.

The index opened up 45 points at 6,564, following on from a month in which it shed some 6.6%. The June performance means the index dropped 0.7% in the first half of 2015 as a whole. Much of last month’s fall has taken place since the start of this week: the blue chip index fell 3.5% between Friday’s close and Tuesday 30 June as Greece called a referendum on creditors’ bailout demands. But Athens’ failure to meet the 30 June deadline for a €1.6bn IMF payment overnight - a move which puts it in ‘arrears’ if not marking an official default - failed to dent the index further this morni...

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