FTSE 100 starts week lower as GDP stalls; Aviva firms up Direct Line offer – Market Report [Video]

FTSE 100 opened lower in a shortened Festive season trading week.

London’s blue-chip index fell 25 points as Monday trading got underway, with Relx PLC and Spirax Group leading the early fallers.

Standard Chartered and HSBC gained in the meantime in the absence of any major movers.

In economic news, revised data showed the UK economy stalled between July and September. according to a new estimate from the Office for National Statistics, gross domestic product was unchanged over the quarter to September, against previously stated 0.1% growth.

In company news, Aviva has firmed up an agreement to buy rival Direct Line Insurance through a £3.7 billion deal.

Frasers Group has hinted a new candidate will be put forward to join Boohoo Group’s board after shareholders of the online clothing retailer rejected appointments last week.

Meanwhile, Boohoo said it has sold off its London office to further pay off debts. Global …