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FTSE falls as economic recovery accelerates

London-listed Stock Spirits has accepted a £767m takeover bid for the company by UK-based private equity firm CVC Advisers, sending its shares rocketing 44pc to 386p.

UK faces Brexit limbo after talks deadline missed

UK faces Brexit limbo after talks deadline missed Daniel Boffey © EPA Chief UK negotiator David Frost and his EU counterpart Michel Barnier set to continue talks on Monday despite missing EU parliament deadline. Negotiators of a Brexit trade deal inched towards a compromise on fishing rights on Sunday but missed a major deadline, raising the prospect of weeks without arrangements from 1 January even in the event of agreement. The teams led by the chief UK negotiator, David Frost, and his EU counterpart, Michel Barnier, were expected to continue talks on Monday despite the European parliament’s notice that it would not vote on a deal if not secured by midnight on Sunday.

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