London open: More losses as Greek crisis continues

Share prices continue to head south as the Greek debt crisis rumbles on. Sentiment has not been helped by comments from Alan Greenspan, former Federal Reserve chairman, who said that Greece is "almost certain" to default on its loans which would push the US economy towards recession.In corporate news, chipmakers are in focus.The price bluetooth chip specialist CSR is to pay for US video streaming outfit Zoran has been slashed to reflect a worse than expected trading performance by Zoran in the second quarter. Zoran shareholders will now receive $6.26 in cash plus 0.589 CSR shares (in the form of American Depositary Shares) for each Zoran share held, reducing the price tag for CSR from $680m to $484m. Computer chip designer ARM has acquired privately owned Obsidian Software, a US firm specialising in verification and validation used in the design of increasingly complex processors. Both stocks have fallen back, though peer Imagination Technologies is having a particularly tough time. Elsewhere in the world of tech, electrical components manufacturer Laird is to exit its under-performing handset antenna business, the company announced the day after it rejected an offer proposal from US rival Cooper Industries.London-based pub operator Capital Pub Company is fizzing after it emerged it rejected a 200p-a-share takeover proposal from its bigger rival Fuller, Smith and Turner.Pawnbroker H&T is shining after saying it expects profits for the first half to beat expectations after a strong start to the year. The company has benefited from the continued rise in the gold price.Sweetener maker PureCircle has turned a little sour after it said it expects to book one off costs of $10-15m in 2011 after it scaled down production and reduced inventory levels to match current demand and to improve operating cashflows. Market MoverstechMARK 1,885.03 -0.69%FTSE 100 5,665.64 -0.58%FTSE 250 11,587.00 -0.39%FTSE 100 - RisersSage Group (SGE) 281.80p +0.36%Aggreko (AGK) 1,869.00p +0.16%Hargreaves Lansdown (HL.) 615.00p +0.08%Essar Energy (ESSR) 418.80p 0.00%Inmarsat (ISAT) 571.50p 0.00%Capital Shopping Centres Group (CSCG) 386.40p 0.00%Anglo American (AAL) 2,808.50p -0.09%British Land Co (BLND) 581.00p -0.09%Resolution Ltd. (RSL) 299.70p -0.10%G4S (GFS) 278.80p -0.11%FTSE 100 - FallersGKN (GKN) 199.10p -1.48%ARM Holdings (ARM) 554.00p -1.34%Barclays (BARC) 250.90p -1.22%Smith & Nephew (SN.) 645.50p -1.22%Kazakhmys (KAZ) 1,225.00p -1.21%Kingfisher (KGF) 264.80p -1.19%Antofagasta (ANTO) 1,201.00p -1.15%Man Group (EMG) 226.70p -1.13%Vedanta Resources (VED) 1,914.00p -1.09%ICAP (IAP) 451.40p -0.94%FTSE 250 - RisersSupergroup (SGP) 863.00p +3.11%IG Group Holdings (IGG) 438.00p +2.15%St. Modwen Properties (SMP) 187.80p +2.07%PZ Cussons (PZC) 366.50p +1.24%Spirent Communications (SPT) 149.70p +1.15%Restaurant Group (RTN) 292.60p +0.90%Exillon Energy (EXI) 409.30p +0.84%Kier Group (KIE) 1,317.00p +0.84%Big Yellow Group (BYG) 316.00p +0.64%Moneysupermarket.com Group (MONY) 107.30p +0.56%FTSE 250 - FallersImagination Technologies Group (IMG) 433.20p -6.86%QinetiQ Group (QQ.) 114.10p -4.12%Dunelm Group (DNLM) 410.70p -3.66%Hochschild Mining (HOC) 445.30p -3.55%Ocado Group (OCDO) 207.10p -3.09%Electrocomponents (ECM) 266.20p -2.74%Northgate (NTG) 306.30p -2.39%CSR (CSR) 302.00p -1.98%Victrex (VCT) 1,439.00p -1.91%Brown (N.) Group (BWNG) 262.70p -1.87%FTSE TechMARK - RisersInnovation Group (TIG) 22.25p +2.30%NCC Group (NCC) 605.50p +1.00%CML Microsystems (CML) 241.50p +0.42%Corin Group (CRG) 53.50p 0.00%Asterand (ATD) 12.00p 0.00%Triad Group (TRD) 18.00p 0.00%Alterian (ALN) 99.12p 0.00%Parity Group (PTY) 26.50p 0.00%Antisoma (ASM) 2.41p 0.00%Ark Therapeutics Group (AKT) 3.70p 0.00%FTSE TechMARK - FallersSkyepharma (SKP) 38.00p -5.00%KCOM Group (KCOM) 72.00p -2.70%Anite (AIE) 73.00p -2.01%Xaar (XAR) 282.00p -1.57%Dialight (DIA) 745.00p -1.39%Torotrak (TRK) 58.50p -0.85%Wolfson Microelectronics (WLF) 235.00p -0.63%Promethean World (PRW) 61.00p -0.41%Corin Group (CRG) 53.50p 0.00%Asterand (ATD) 12.00p 0.00%