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London’s FTSE 250 was down 1. 40% at 23,027. 15 in afternoon trade on Monday.
Recently-merged Virgin Mobile and O2 on Monday said their mobile phone customers would not face European Union roaming charges after rivals broke pledges and reintroduced them after Brexit.
UK retailer Wilko could close up to 15 stores this year as it opens up talks with landlords over “outdated lease arrangements”, the company said on Monday.
European shares were still lower at midday, driven lower by UK building stocks, another profits warning at French technology consulting company Atos and worries over early interest rate rises in the US.
Eurozone unemployment fell again in November as the single currency region continued to claw its way back from the impact of the Covid-19 pandemic.
UK housebuilding stocks fell on Monday after the government ordered them to pay £4bn in cladding removal costs in the wake of the 2017 Grenfell apartment tower fire that killed 72 people.
European shares started the week in subdued mood, with UK house building stocks lower on news the UK government was ordering firms to pay £4bn for the removal of dangerous cladding.
Hikma Pharmaceuticals on Monday said it was expanding its injectables business with the launch of a new outsourced sterile compounding business in the US.
Primary care property investor Assura said it had completed £105m in acquisitions during the third quarter using proceeds from its November fundraising.