StockMarketWire.com - FTSE indices remained subdued to midday as investors looked to Greece's showdown with Euro-group finance ministers later today. Resources stocks were the main drivers lower, but were partially offset by a rich seam of blue-chip corporate news. Near noon, FTSE 100 was down 28.56 points, or 0.42%, to 6800.56. FTSE 250 was down 37.59, or 0.23%, to 16,621.2. At 11.44am, WTI crude was down 0.56% to $49.74/bbl. Brent lost 1.12% to $55.8/bbl. European markets were lower. Lonmin (LMI) fell 5.86% to 162.3p, on Glencore's (GLEN), up 0.16% to 271.48p, plans to sell its 23.9% non-core stake in the outfit, also unveiling new capex figures and improved output numbers. Anglo American (AAL) and others in the sector also fell. Financial stocks followed Hargreaves Lansdown's (HL.) 2.36% slide to 972p. Tullow Oil (TLW) followed crude lower and led other oil stocks down with a 3.13% dip to 401.35p on falling to an impairment-driven FY pretax loss. Cairn Energy (CNE) followed, as did Shell (RDSA). Several utilities were generally firmer. In the news, Reckitt Benckiser (RB.) gained 4.25% to 5827.5p, on better FY numbers. BT (BT.A) added 2.65% to 455.55p, on a £960m premier league rights win, while Sky (SKY) fell 3.22% to 923.25p on paying £4.1bn to show premier league football for another three years. ARM Holdings (ARM) gained 3.55% to 1093.5p on a much improved FY pretax profit and dividend. BIGGER MOVERS DP Poland (DPP), the Domino's Pizza (DOM) franchise in Poland, soared 60.86% to 14.88p on an 18% hike in FY like-for-like gross profit. Like-for-like system sales rose 19%, and the group was targeting 'significant' store openings in 2015. Trap Oil (TRAP), down 57.33% to 0.8p, has decided to also relinquish licence P.1556 Block 29/1c (Orchid), which was becoming unduly expensive to maintain. It expected to book a resultant impairment of £5.8m. Tangent Comms (TNG) fell 25.54% to 3.63p on seeing FY underlying operating profit at £1.2m, against £2.4m a year earlier. Diseconomies of scale, notably in its property print business, heightened after low sales during the Christmas period. Restructuring had been undertaken. TelecityGroup (TCY) rose 13.49% to 963p on agreeing a merger with Interxion. In other news, Secure Property Development & Investment's (SPDI) plans to sell 10m euros worth of shares at 25p each saw the stock dive 12.7% to 27.5p. Elsewhere, ValiRx (VAL) rose 12.5% to 0.27p on winning a European patent for biomarker testing to diagnose and monitor B-cell lymphomas. ECONOMIC NEWS Markets remain jittery about the Greece-Europe debt stand-off and a related meeting of Euro-group finance ministers today. Greece finance minister Yanis Varoufakis is spruiking plans to ease the country's debt burden. LONDON HIGHLIGHTS Red24 (REDT), up 11.85% to 15.38p, advises that trading prospects continue to improve with a number of new business wins and a particularly busy quarter for operational responses in the special risks area. Redrow's (RDW) H1 pretax profit surged ahead to £91.2m, up 92% from £47.5m, thanks to a double-digit spike in legal completions. Revenue was £560.6m, up 54% from £363.0m. It proposed a dividend of 2p a share, up from 1p a year ago. It rose 11.2% to 330.05p. Styles&Wood (STY), up 9.7% to 73.5p, has traded in line with FY market views, enjoying major hikes in H2 revenue. Meantime, Billington (BILN), up 7.81% to 172.5p, said its performance continued to improve in H2 2014 and its results would be ahead of market views. Poundland (PLND) lost 5.62% to 393.45p after private equity investor Warburg Pincus reduced its holding, selling 35m shares at 405p each. It retained a 16.4% stake. In other news, Thomas Cook Group (TCG) fell 4.99% to 126.55p on reporting lower Q1 revenue. Meantime, Dunelm (DNLM) added 5.36% to 913.5p on higher H1 revenue. Stocks on the up following corporate news included Speedy Hire (SDY). Those lower included HomeServe (HSV), Snoozebox (ZZZ) and QinetiQ Group (QQ.). - See more at: http://www.stockmarketwire.com/article/4975724/FTSE-down-on-resources-as-Greece-standoff-looms.html#sthash.sWQgEc9b.dpuf

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